HCI Group (NYSE:HCI) Upgraded at Wall Street Zen

HCI Group (NYSE:HCI) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

HCI has been the subject of several other research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of HCI Group in a report on Wednesday, October 8th. Truist Financial boosted their target price on HCI Group from $190.00 to $235.00 and gave the company a “buy” rating in a research note on Friday. Finally, Zacks Research raised HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat, HCI Group has an average rating of “Buy” and a consensus price target of $221.67.

HCI Group Price Performance

HCI Group stock opened at $179.32 on Friday. The firm has a market capitalization of $2.32 billion, a P/E ratio of 15.90 and a beta of 1.16. The business has a 50-day moving average of $188.79 and a 200-day moving average of $165.00. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02. HCI Group has a 1 year low of $105.00 and a 1 year high of $210.50.

HCI Group (NYSE:HCI) last released its quarterly earnings data on Thursday, November 6th. The insurance provider reported $4.90 earnings per share for the quarter, topping the consensus estimate of $2.44 by $2.46. HCI Group had a net margin of 18.58% and a return on equity of 25.84%. The business had revenue of $216.35 million for the quarter, compared to analyst estimates of $223.53 million. On average, equities analysts anticipate that HCI Group will post 6.78 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Axxcess Wealth Management LLC raised its position in HCI Group by 13.5% in the 3rd quarter. Axxcess Wealth Management LLC now owns 11,128 shares of the insurance provider’s stock valued at $2,136,000 after buying an additional 1,320 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of HCI Group by 15.1% during the 3rd quarter. Vanguard Group Inc. now owns 807,454 shares of the insurance provider’s stock worth $154,975,000 after acquiring an additional 105,925 shares in the last quarter. Cookson Peirce & Co. Inc. raised its holdings in shares of HCI Group by 7.8% in the third quarter. Cookson Peirce & Co. Inc. now owns 4,939 shares of the insurance provider’s stock valued at $948,000 after purchasing an additional 359 shares during the last quarter. Assetmark Inc. raised its holdings in shares of HCI Group by 7.9% in the third quarter. Assetmark Inc. now owns 32,426 shares of the insurance provider’s stock valued at $6,224,000 after purchasing an additional 2,370 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of HCI Group by 31.9% in the third quarter. Public Sector Pension Investment Board now owns 41,895 shares of the insurance provider’s stock worth $8,041,000 after purchasing an additional 10,134 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors.

About HCI Group

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.