HCI Group (NYSE:HCI) Downgraded by Wall Street Zen to “Buy”

HCI Group (NYSE:HCI) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Several other research firms have also recently weighed in on HCI. JMP Securities raised their target price on HCI Group from $210.00 to $225.00 and gave the stock a “market outperform” rating in a research report on Monday, May 19th. Compass Point upgraded HCI Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $148.00 to $205.00 in a research note on Friday, May 30th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, HCI Group has a consensus rating of “Buy” and a consensus target price of $181.25.

HCI Group Trading Up 1.2%

NYSE HCI opened at $165.44 on Friday. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 14.67 and a beta of 1.24. The company’s 50 day moving average price is $146.77 and its 200 day moving average price is $145.13. HCI Group has a one year low of $90.05 and a one year high of $176.40. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.71 and a current ratio of 0.71.

HCI Group (NYSE:HCI) last released its quarterly earnings results on Thursday, August 7th. The insurance provider reported $5.18 EPS for the quarter, topping the consensus estimate of $4.47 by $0.71. The business had revenue of $221.92 million during the quarter, compared to analyst estimates of $218.98 million. HCI Group had a net margin of 18.58% and a return on equity of 25.84%. On average, sell-side analysts predict that HCI Group will post 6.78 EPS for the current year.

Hedge Funds Weigh In On HCI Group

Several institutional investors and hedge funds have recently bought and sold shares of HCI. EverSource Wealth Advisors LLC lifted its position in shares of HCI Group by 557.6% in the second quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 184 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in shares of HCI Group in the second quarter worth about $46,000. USA Financial Formulas lifted its position in shares of HCI Group by 250.0% in the second quarter. USA Financial Formulas now owns 518 shares of the insurance provider’s stock worth $79,000 after buying an additional 370 shares in the last quarter. GAMMA Investing LLC lifted 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 buying an additional 85 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of HCI Group by 825.7% in the first quarter. Russell Investments Group Ltd. now owns 648 shares of the insurance provider’s stock worth $97,000 after buying an additional 578 shares in the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

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.