HCI Group (NYSE:HCI) Upgraded at Zacks Research

Zacks Research upgraded shares of HCI Group (NYSE:HCI) from a hold rating to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports.

Several other brokerages also recently commented on HCI. Wall Street Zen downgraded HCI Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of HCI Group in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat, HCI Group has a consensus rating of “Buy” and an average price target of $181.25.

HCI Group Stock Performance

Shares of HCI Group stock opened at $183.91 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $171.37 and a two-hundred day moving average price of $157.35. HCI Group has a 1-year low of $105.00 and a 1-year high of $199.00. The company has a market cap of $2.38 billion, a P/E ratio of 16.30 and a beta of 1.17.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Thursday, August 7th. The insurance provider reported $5.18 earnings per share for the quarter, topping analysts’ consensus estimates of $4.47 by $0.71. HCI Group had a return on equity of 25.84% and a net margin of 18.58%.The firm had revenue of $221.92 million during the quarter, compared to the consensus estimate of $218.98 million. As a group, analysts anticipate that HCI Group will post 6.78 EPS for the current year.

Hedge Funds Weigh In On HCI Group

Large investors have recently added to or reduced their stakes in the business. Simplex Trading LLC bought a new position in HCI Group in the 1st quarter valued at about $148,000. GAMMA Investing LLC lifted its position in HCI Group by 16.6% in the 1st quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider’s stock valued at $89,000 after acquiring an additional 85 shares in the last quarter. Principal Financial Group Inc. lifted its position in HCI Group by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 61,664 shares of the insurance provider’s stock valued at $9,202,000 after acquiring an additional 1,332 shares in the last quarter. Amundi lifted its position in HCI Group by 8,320.5% in the 1st quarter. Amundi now owns 25,514 shares of the insurance provider’s stock valued at $3,783,000 after acquiring an additional 25,211 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in HCI Group by 6.7% in the 1st quarter. Victory Capital Management Inc. now owns 22,897 shares of the insurance provider’s stock valued at $3,417,000 after acquiring an additional 1,443 shares in 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.