HCI Group (NYSE:HCI) Price Target Raised to $265.00 at Citizens Jmp

HCI Group (NYSE:HCI) had its target price boosted by investment analysts at Citizens Jmp from $255.00 to $265.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “market outperform” rating on the insurance provider’s stock. Citizens Jmp’s price objective points to a potential upside of 36.65% from the company’s current price.

A number of other brokerages also recently commented on HCI. Citigroup reissued a “market outperform” rating on shares of HCI Group in a report on Friday. Wall Street Zen downgraded HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Zacks Research lowered HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Cantor Fitzgerald initiated coverage on shares of HCI Group in a research report on Thursday, July 9th. They set an “overweight” rating and a $225.00 price target for the company. Finally, Weiss Ratings upgraded shares of HCI Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $241.67.

HCI Group Price Performance

Shares of HCI traded up $13.04 during trading hours on Friday, reaching $193.93. The company had a trading volume of 98,983 shares, compared to its average volume of 169,936. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03. HCI Group has a 12-month low of $137.81 and a 12-month high of $210.50. The firm has a 50 day simple moving average of $171.89 and a 200-day simple moving average of $163.15. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 8.50 and a beta of 1.04.

HCI Group (NYSE:HCI) last released its earnings results on Thursday, August 6th. The insurance provider reported $5.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.04 by $0.56. The company had revenue of $242.48 million for the quarter, compared to analyst estimates of $247.43 million. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. Research analysts expect that HCI Group will post 18.29 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of HCI Group by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 839,621 shares of the insurance provider’s stock valued at $160,947,000 after buying an additional 32,167 shares during the period. State Street Corp raised its stake in shares of HCI Group by 4.7% in the 4th quarter. State Street Corp now owns 384,788 shares of the insurance provider’s stock valued at $73,760,000 after acquiring an additional 17,299 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in HCI Group by 11.4% during the first quarter. Dimensional Fund Advisors LP now owns 354,884 shares of the insurance provider’s stock worth $54,870,000 after purchasing an additional 36,348 shares during the period. Wellington Management Group LLP grew its holdings in HCI Group by 16.7% during the third quarter. Wellington Management Group LLP now owns 352,935 shares of the insurance provider’s stock valued at $67,739,000 after purchasing an additional 50,378 shares during the last quarter. Finally, Freestone Grove Partners LP raised its position in shares of HCI Group by 353.6% in the fourth quarter. Freestone Grove Partners LP now owns 275,108 shares of the insurance provider’s stock valued at $52,735,000 after purchasing an additional 214,464 shares during the period. Institutional investors and hedge funds own 86.99% of the company’s stock.

About HCI Group

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.