HCI Group (NYSE:HCI) Stock Crosses Above 200-Day Moving Average of $90.36

Shares of HCI Group, Inc. (NYSE:HCI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $90.36 and traded as high as $116.61. HCI Group shares last traded at $113.61, with a volume of 56,695 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of HCI Group from $96.00 to $112.00 and gave the company a “buy” rating in a research note on Friday, January 12th. JMP Securities reiterated a “market outperform” rating and set a $120.00 target price on shares of HCI Group in a research report on Monday, April 15th. Compass Point increased their target price on shares of HCI Group from $90.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. William Blair upgraded shares of HCI Group from a “market perform” rating to an “outperform” rating in a research report on Friday, March 8th. Finally, Oppenheimer reiterated an “outperform” rating and set a $140.00 target price on shares of HCI Group in a research report on Friday, April 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, HCI Group presently has an average rating of “Moderate Buy” and an average target price of $124.00.

HCI Group Stock Down 1.0 %

The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 15.03 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.62 and a current ratio of 0.62. The business’s 50-day moving average is $108.66 and its 200-day moving average is $90.36.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Thursday, March 7th. The insurance provider reported $3.22 earnings per share for the quarter, beating the consensus estimate of $1.41 by $1.81. The firm had revenue of $162.67 million during the quarter, compared to analysts’ expectations of $146.09 million. HCI Group had a net margin of 14.35% and a return on equity of 36.40%. During the same quarter last year, the company posted $0.06 EPS. On average, equities analysts predict that HCI Group, Inc. will post 10.33 EPS for the current year.

Insider Buying and Selling at HCI Group

In other HCI Group news, General Counsel Andrew L. Graham sold 29,008 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $117.01, for a total value of $3,394,226.08. Following the completion of the sale, the general counsel now owns 21,819 shares in the company, valued at approximately $2,553,041.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other HCI Group news, CEO Paresh Patel bought 1,000 shares of HCI Group stock in a transaction dated Tuesday, April 9th. The shares were bought at an average price of $114.90 per share, with a total value of $114,900.00. Following the purchase, the chief executive officer now owns 349,000 shares of the company’s stock, valued at $40,100,100. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Andrew L. Graham sold 29,008 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $117.01, for a total transaction of $3,394,226.08. Following the completion of the transaction, the general counsel now directly owns 21,819 shares in the company, valued at approximately $2,553,041.19. The disclosure for this sale can be found here. In the last 90 days, insiders sold 113,102 shares of company stock worth $13,198,303. 25.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Wellington Management Group LLP bought a new position in HCI Group during the 4th quarter worth approximately $5,633,000. Assenagon Asset Management S.A. boosted its stake in HCI Group by 344.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 72,022 shares of the insurance provider’s stock worth $8,360,000 after acquiring an additional 55,817 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in HCI Group by 304.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 32,027 shares of the insurance provider’s stock worth $2,799,000 after acquiring an additional 24,117 shares during the last quarter. Monashee Investment Management LLC bought a new position in HCI Group during the 4th quarter worth approximately $1,730,000. Finally, Quadrature Capital Ltd boosted its stake in HCI Group by 253.1% during the 3rd quarter. Quadrature Capital Ltd now owns 19,151 shares of the insurance provider’s stock worth $1,039,000 after acquiring an additional 13,728 shares during the last quarter. Institutional investors own 86.99% of the company’s stock.

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.