HCI Group (NYSE:HCI) Raised to “Buy” at Compass Point

HCI Group (NYSE:HCI) was upgraded by equities researchers at Compass Point from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday, MarketBeat.com reports. The firm presently has a $205.00 price objective on the insurance provider’s stock, up from their previous price objective of $148.00. Compass Point’s price target indicates a potential upside of 21.50% from the stock’s previous close.

Separately, JMP Securities raised their target price on shares of HCI Group from $210.00 to $225.00 and gave the company a “market outperform” rating in a research note on Monday, May 19th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, HCI Group presently has an average rating of “Moderate Buy” and a consensus target price of $181.25.

HCI Group Stock Up 3.6%

HCI Group stock opened at $168.72 on Friday. The company has a market capitalization of $1.95 billion, a P/E ratio of 14.10 and a beta of 1.23. The firm’s fifty day simple moving average is $151.28 and its 200-day simple moving average is $131.61. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. HCI Group has a 1-year low of $83.65 and a 1-year high of $176.40.

HCI Group (NYSE:HCI) last released its quarterly earnings results on Thursday, May 8th. The insurance provider reported $5.35 earnings per share for the quarter, beating analysts’ consensus estimates of $4.49 by $0.86. The business had revenue of $216.43 million for the quarter, compared to the consensus estimate of $214.89 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. Sell-side analysts forecast that HCI Group will post 6.78 earnings per share for the current fiscal year.

Institutional Trading of HCI Group

Several hedge funds and other institutional investors have recently bought and sold shares of HCI. Proficio Capital Partners LLC bought a new position in shares of HCI Group during the 4th quarter worth about $1,358,000. Bank of America Corp DE lifted its holdings in HCI Group by 208.3% during the 4th quarter. Bank of America Corp DE now owns 36,863 shares of the insurance provider’s stock valued at $4,296,000 after purchasing an additional 24,907 shares during the last quarter. Invesco Ltd. lifted its holdings in HCI Group by 93.0% during the 4th quarter. Invesco Ltd. now owns 113,710 shares of the insurance provider’s stock valued at $13,251,000 after purchasing an additional 54,803 shares during the last quarter. Northern Trust Corp lifted its holdings in HCI Group by 9.1% during the 4th quarter. Northern Trust Corp now owns 88,230 shares of the insurance provider’s stock valued at $10,281,000 after purchasing an additional 7,349 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in HCI Group by 16.3% during the 4th quarter. American Century Companies Inc. now owns 168,466 shares of the insurance provider’s stock valued at $19,631,000 after purchasing an additional 23,610 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Company Profile

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.