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Wall Street Zen Upgrades HCI Group (NYSE:HCI) to Strong-Buy

HCI Group logo with Finance background

Key Points

  • HCI Group has been upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen, reflecting increased confidence in the company's performance.
  • Several analysts, including Compass Point and JMP Securities, have raised their price targets for HCI Group, with a consensus target price now at $181.25.
  • In its latest quarterly earnings report, HCI Group reported an EPS of $5.18, exceeding analysts' expectations and highlighting a net margin of 18.58%.
  • Looking to Export and Analyze HCI Group Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

HCI Group (NYSE:HCI - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Saturday.

HCI has been the subject of a number of other reports. JMP Securities upped their price target on shares of HCI Group from $210.00 to $225.00 and gave the stock a "market outperform" rating in a research note on Monday, May 19th. Compass Point upgraded shares of HCI Group from a "neutral" rating to a "buy" rating and upped their price target for the company from $148.00 to $205.00 in a research report on Friday, May 30th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, HCI Group currently has an average rating of "Buy" and an average target price of $181.25.

View Our Latest Stock Analysis on HCI

HCI Group Stock Performance

Shares of NYSE:HCI traded up $3.16 during trading on Friday, reaching $141.04. 171,677 shares of the company's stock traded hands, compared to its average volume of 134,261. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.71 and a quick ratio of 0.56. HCI Group has a 12 month low of $88.00 and a 12 month high of $176.40. The company has a 50 day moving average of $147.61 and a 200-day moving average of $142.92. The stock has a market capitalization of $1.63 billion, a P/E ratio of 12.50 and a beta of 1.24.

HCI Group (NYSE:HCI - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The insurance provider reported $5.18 earnings per share for the quarter, beating analysts' consensus estimates of $4.47 by $0.71. HCI Group had a net margin of 18.58% and a return on equity of 25.84%. The business had revenue of $221.92 million during the quarter, compared to the consensus estimate of $218.98 million. On average, equities analysts expect that HCI Group will post 6.78 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its stake in shares of HCI Group by 168.8% during the 1st quarter. American Century Companies Inc. now owns 452,781 shares of the insurance provider's stock worth $67,569,000 after purchasing an additional 284,315 shares during the last quarter. Wasatch Advisors LP lifted its holdings in shares of HCI Group by 288.9% during the 4th quarter. Wasatch Advisors LP now owns 294,349 shares of the insurance provider's stock worth $34,300,000 after acquiring an additional 218,664 shares during the period. Khrom Capital Management LLC lifted its holdings in shares of HCI Group by 20.7% during the 4th quarter. Khrom Capital Management LLC now owns 796,170 shares of the insurance provider's stock worth $92,778,000 after acquiring an additional 136,642 shares during the period. Hood River Capital Management LLC lifted its holdings in shares of HCI Group by 15.7% during the 4th quarter. Hood River Capital Management LLC now owns 940,000 shares of the insurance provider's stock worth $109,538,000 after acquiring an additional 127,332 shares during the period. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of HCI Group by 2,878.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 114,689 shares of the insurance provider's stock worth $13,365,000 after acquiring an additional 110,838 shares during the period. Institutional investors and hedge funds own 86.99% of the company's stock.

About HCI Group

(Get Free Report)

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.

Further Reading

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