Compass Point Upgrades HCI Group (NYSE:HCI) to Buy

HCI Group (NYSE:HCI - Get Free Report) was upgraded by equities researchers at Compass Point from a "neutral" rating to a "buy" rating in a report issued on Friday, Marketbeat.com reports. The firm presently has a $205.00 target price on the insurance provider's stock, up from their previous target price of $148.00. Compass Point's target price points to a potential upside of 21.50% from the stock's previous close.

Separately, JMP Securities increased their target price on HCI Group from $210.00 to $225.00 and gave the stock a "market outperform" rating in a report on Monday, May 19th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $181.25.

HCI Group Stock Performance

HCI traded up $5.87 during trading hours on Friday, reaching $168.72. The company's stock had a trading volume of 167,105 shares, compared to its average volume of 136,950. HCI Group has a 52 week low of $83.65 and a 52 week high of $176.40. The company's 50-day moving average is $151.28 and its 200-day moving average is $131.61. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market cap of $1.95 billion, a PE ratio of 14.10 and a beta of 1.23.

HCI Group (NYSE:HCI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The insurance provider reported $5.35 EPS for the quarter, beating analysts' consensus estimates of $4.49 by $0.86. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. The firm had revenue of $216.43 million for the quarter, compared to analyst estimates of $214.89 million. On average, equities analysts forecast that HCI Group will post 6.78 EPS for the current year.

Institutional Trading of HCI Group

Large investors have recently bought and sold shares of the business. Precision Wealth Strategies LLC acquired a new stake in shares of HCI Group during the fourth quarter valued at about $432,000. Allspring Global Investments Holdings LLC increased its holdings in shares of HCI Group by 80.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 102,916 shares of the insurance provider's stock valued at $11,781,000 after acquiring an additional 45,920 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of HCI Group by 1.0% during the fourth quarter. New York State Teachers Retirement System now owns 10,493 shares of the insurance provider's stock valued at $1,223,000 after acquiring an additional 100 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of HCI Group by 1.1% during the fourth quarter. Rhumbline Advisers now owns 22,315 shares of the insurance provider's stock valued at $2,600,000 after acquiring an additional 232 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of HCI Group by 7.4% during the fourth quarter. Principal Financial Group Inc. now owns 60,332 shares of the insurance provider's stock valued at $7,030,000 after buying an additional 4,152 shares during the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

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.