HCI Group (NYSE:HCI) Stock Rating Reaffirmed by Compass Point

Compass Point restated their neutral rating on shares of HCI Group (NYSE:HCI) in a research note released on Monday morning, Marketbeat Ratings reports. The brokerage currently has a $120.00 target price on the insurance provider’s stock, up from their previous target price of $119.00.

Several other brokerages have also recently commented on HCI. StockNews.com cut HCI Group from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. JMP Securities reissued a “market outperform” rating and issued a $145.00 price objective on shares of HCI Group in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, HCI Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

HCI Group Stock Performance

Shares of HCI stock opened at $120.97 on Monday. The firm has a market cap of $1.27 billion, a PE ratio of 12.31 and a beta of 1.13. HCI Group has a 12 month low of $55.83 and a 12 month high of $124.00. The company’s fifty day simple moving average is $103.84 and its 200-day simple moving average is $100.31. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.41.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Thursday, August 8th. The insurance provider reported $4.21 EPS for the quarter, topping the consensus estimate of $3.58 by $0.63. The firm had revenue of $206.25 million for the quarter, compared to analysts’ expectations of $196.67 million. HCI Group had a net margin of 21.63% and a return on equity of 44.01%. During the same period in the previous year, the firm posted $1.22 EPS. Equities research analysts expect that HCI Group will post 12.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HCI. Nisa Investment Advisors LLC lifted its holdings in HCI Group by 49.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider’s stock valued at $98,000 after purchasing an additional 300 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of HCI Group by 11.8% in the third quarter. State of Alaska Department of Revenue now owns 4,815 shares of the insurance provider’s stock valued at $515,000 after purchasing an additional 510 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of HCI Group by 10.8% during the 3rd quarter. Louisiana State Employees Retirement System now owns 4,100 shares of the insurance provider’s stock worth $439,000 after buying an additional 400 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of HCI Group by 56.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 35,315 shares of the insurance provider’s stock worth $3,781,000 after buying an additional 12,755 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in HCI Group by 1,648.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 56,996 shares of the insurance provider’s stock valued at $6,102,000 after acquiring an additional 53,737 shares during the period. 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.