HCI Group, Inc. (NYSE:HCI) Given Average Rating of “Buy” by Analysts

HCI Group, Inc. (NYSE:HCI) has been given an average rating of “Buy” by the five analysts that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $181.25.

HCI has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of HCI Group from a “strong-buy” rating to a “buy” rating in a report on Friday, August 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of HCI Group in a research note on Saturday, September 27th.

HCI Group Trading Up 1.2%

Shares of HCI Group stock opened at $196.82 on Friday. The company has a market capitalization of $2.55 billion, a P/E ratio of 17.45 and a beta of 1.17. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.71 and a current ratio of 0.71. The company has a fifty day moving average of $168.43 and a 200 day moving average of $156.45. HCI Group has a fifty-two week low of $91.06 and a fifty-two week high of $198.70.

HCI Group (NYSE:HCI) last issued its earnings results on Thursday, August 7th. The insurance provider reported $5.18 earnings per share for the quarter, topping the consensus estimate of $4.47 by $0.71. The company had revenue of $221.92 million during the quarter, compared to the consensus estimate 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 anticipate that HCI Group will post 6.78 earnings per share for the current fiscal year.

Institutional Trading of HCI Group

Hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its stake in HCI Group by 557.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 184 shares in the last quarter. Global Assets Advisory LLC purchased a new stake in HCI Group in the 2nd quarter worth $46,000. USA Financial Formulas lifted its stake in HCI Group by 250.0% in the 2nd quarter. USA Financial Formulas now owns 518 shares of the insurance provider’s stock worth $79,000 after purchasing an additional 370 shares in the last quarter. Caldwell Trust Co purchased a new stake in HCI Group in the 2nd quarter worth $83,000. Finally, GAMMA Investing LLC raised its position in shares of HCI Group by 16.6% during the 1st quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider’s stock valued at $89,000 after buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

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.