HCI Group (NYSE:HCI) Stock Price Expected to Rise, JMP Securities Analyst Says

HCI Group (NYSE:HCI) had its target price upped by equities researchers at JMP Securities from $210.00 to $225.00 in a report released on Monday,Benzinga reports. The firm currently has a “market outperform” rating on the insurance provider’s stock. JMP Securities’ price target would indicate a potential upside of 34.94% from the stock’s current price.

HCI Group Price Performance

Shares of HCI opened at $166.74 on Monday. The business’s 50-day moving average is $147.04 and its two-hundred day moving average is $128.88. The company has a market capitalization of $1.93 billion, a P/E ratio of 13.93 and a beta of 1.23. HCI Group has a fifty-two week low of $83.65 and a fifty-two week high of $176.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47.

HCI Group (NYSE:HCI) last posted its earnings results on Thursday, May 8th. The insurance provider reported $5.35 EPS for the quarter, topping the consensus estimate of $4.49 by $0.86. The firm had revenue of $216.43 million for the quarter, compared to analyst estimates of $214.89 million. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. Research analysts predict that HCI Group will post 6.78 earnings per share for the current year.

Institutional Trading of HCI Group

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of HCI Group by 16.6% in the first quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider’s stock worth $89,000 after acquiring an additional 85 shares during the period. Russell Investments Group Ltd. increased its stake in shares of HCI Group by 825.7% in the 1st quarter. Russell Investments Group Ltd. now owns 648 shares of the insurance provider’s stock valued at $97,000 after purchasing an additional 578 shares in the last quarter. Simplex Trading LLC purchased a new position in shares of HCI Group in the 1st quarter valued at about $148,000. Cresset Asset Management LLC acquired a new position in HCI Group in the 1st quarter worth about $209,000. Finally, Hancock Whitney Corp purchased a new position in HCI Group during the first quarter worth approximately $218,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

About HCI Group

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.