HCI Group (NYSE:HCI) Cut to "Hold" at Wall Street Zen

Key Points

• HCI Group was downgraded by Wall Street Zen from “strong-buy” to “hold”, adding to a mixed analyst picture for the stock.
• The company’s latest quarterly earnings beat EPS expectations, reporting $5.45 per share versus the $5.26 consensus, though revenue came in slightly below estimates at $242.88 million.
• Despite the downgrade, analyst sentiment remains Moderately Buy overall, with a consensus price target of $231.67 versus the stock’s opening price of $152.23.

HCI Group (NYSE:HCI - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "strong-buy" rating to a "hold" rating in a report released on Monday.

HCI has been the subject of a number of other research reports. Zacks Research upgraded shares of HCI Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 27th. Weiss Ratings cut shares of HCI Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, April 21st. Finally, Citigroup reiterated a "market outperform" rating on shares of HCI Group in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $231.67.

HCI Group Stock Down 0.0%

HCI stock opened at $152.23 on Monday. HCI Group has a twelve month low of $136.37 and a twelve month high of $210.50. The company has a market cap of $1.94 billion, a PE ratio of 6.68 and a beta of 1.09. The business's 50-day simple moving average is $158.30 and its 200 day simple moving average is $171.10. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03.

HCI Group (NYSE:HCI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $5.45 EPS for the quarter, topping analysts' consensus estimates of $5.26 by $0.19. The firm had revenue of $242.88 million during the quarter, compared to analysts' expectations of $245.09 million. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. On average, research analysts anticipate that HCI Group will post 17.59 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Quent Capital LLC bought a new stake in HCI Group in the 3rd quarter valued at $25,000. Torren Management LLC bought a new stake in HCI Group during the 4th quarter worth about $26,000. Transamerica Financial Advisors LLC lifted its position in HCI Group by 519.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 161 shares of the insurance provider's stock worth $31,000 after buying an additional 135 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in HCI Group by 557.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider's stock worth $33,000 after buying an additional 184 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in HCI Group by 62.8% during the 4th quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider's stock worth $35,000 after buying an additional 71 shares in the last quarter. Institutional investors own 86.99% of the company's stock.

HCI Group Company Profile

HCI Group, Inc NYSE: HCI is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.

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