HCI Group (NYSE:HCI) PT Raised to $67.00 at Compass Point

HCI Group (NYSE:HCI – Get Rating) had its price target raised by investment analysts at Compass Point from $66.00 to $67.00 in a research note issued on Wednesday, The Fly reports. Compass Point’s price objective would indicate a potential upside of 18.71% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. StockNews.com upgraded HCI Group from a “sell” rating to a “hold” rating in a research note on Friday, March 10th. TheStreet upgraded HCI Group from a “d+” rating to a “c-” rating in a research note on Thursday, March 9th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, HCI Group presently has a consensus rating of “Moderate Buy” and an average price target of $79.00.

HCI Group Trading Down 0.3 %

Shares of HCI opened at $56.44 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.29 and a quick ratio of 0.29. HCI Group has a 12 month low of $27.65 and a 12 month high of $73.16. The stock’s 50-day moving average is $53.29 and its two-hundred day moving average is $46.77. The stock has a market cap of $485.38 million, a PE ratio of -11.33 and a beta of 0.83.

HCI Group (NYSE:HCI – Get Rating) last released its quarterly earnings results on Thursday, March 9th. The insurance provider reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.36) by $0.42. HCI Group had a negative return on equity of 20.54% and a negative net margin of 8.79%. The business had revenue of $119.94 million for the quarter, compared to analysts’ expectations of $123.32 million. Equities analysts forecast that HCI Group will post 2.2 earnings per share for the current fiscal year.

Insider Buying and Selling at HCI Group

In other news, Director Lauren L. Valiente acquired 441 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were purchased at an average price of $56.81 per share, for a total transaction of $25,053.21. Following the completion of the purchase, the director now directly owns 1,135 shares of the company’s stock, valued at approximately $64,479.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Lauren L. Valiente bought 441 shares of the stock in a transaction dated Tuesday, May 16th. The stock was bought at an average cost of $56.81 per share, with a total value of $25,053.21. Following the completion of the acquisition, the director now owns 1,135 shares of the company’s stock, valued at $64,479.35. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Susan Watts bought 670 shares of the stock in a transaction dated Monday, April 17th. The shares were bought at an average cost of $49.98 per share, with a total value of $33,486.60. Following the completion of the acquisition, the director now directly owns 6,280 shares of the company’s stock, valued at approximately $313,874.40. The disclosure for this purchase can be found here. 21.51% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HCI Group

Several institutional investors have recently made changes to their positions in the stock. FMR LLC grew its holdings in HCI Group by 80.7% in the 1st quarter. FMR LLC now owns 468 shares of the insurance provider’s stock worth $25,000 after buying an additional 209 shares in the last quarter. Signaturefd LLC grew its holdings in HCI Group by 99.1% in the 4th quarter. Signaturefd LLC now owns 651 shares of the insurance provider’s stock worth $26,000 after buying an additional 324 shares in the last quarter. Captrust Financial Advisors grew its holdings in HCI Group by 112.7% in the 1st quarter. Captrust Financial Advisors now owns 485 shares of the insurance provider’s stock worth $33,000 after buying an additional 257 shares in the last quarter. US Bancorp DE grew its holdings in HCI Group by 428.5% in the 3rd quarter. US Bancorp DE now owns 909 shares of the insurance provider’s stock worth $36,000 after buying an additional 737 shares in the last quarter. Finally, Point72 Hong Kong Ltd grew its holdings in HCI Group by 1,807.1% in the 2nd quarter. Point72 Hong Kong Ltd now owns 534 shares of the insurance provider’s stock worth $36,000 after buying an additional 506 shares in the last quarter. 67.71% of the stock is owned by institutional investors.

HCI Group Company Profile

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HCI Group, Inc engages in the business of property and casualty insurance, reinsurance, real estate, and information technology. It operates through the following segments: Insurance Operations, Real Estate, and Corporate and Others. The Insurance Operations segment includes the property and casualty insurance division and reinsurance division.