HCI Group (NYSE:HCI) Reaches New 12-Month High - Still a Buy?

Key Points

• HCI Group, Inc. shares have reached a new 52-week high, trading at $201.45, with increased trading volume of 112,298 shares on the day.
• Analysts have shifted their ratings on HCI Group, with Zacks raising it from "hold" to "strong-buy," while Weiss Ratings reaffirmed a "buy" rating, reflecting positive market sentiment.
• The company reported a strong quarterly earnings performance with an EPS of $5.18, exceeding the consensus estimate of $4.47, and analysts predict future growth with an expected EPS of 6.78 for the current fiscal year.

Shares of HCI Group, Inc. (NYSE:HCI - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $201.92 and last traded at $201.45, with a volume of 112298 shares changing hands. The stock had previously closed at $198.09.

Analysts Set New Price Targets

Several analysts have commented on HCI shares. Zacks Research raised HCI Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of HCI Group in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded HCI Group from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $181.25.

HCI Group Price Performance

The stock has a market cap of $2.60 billion, a PE ratio of 17.80 and a beta of 1.17. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average of $173.50 and a 200-day moving average of $158.04.

HCI Group (NYSE:HCI - Get Free Report) last released its earnings results on Thursday, August 7th. The insurance provider reported $5.18 EPS for the quarter, topping the consensus estimate of $4.47 by $0.71. HCI Group had a return on equity of 25.84% and a net margin of 18.58%.The firm had revenue of $221.92 million during the quarter, compared to analysts' expectations of $218.98 million. Sell-side analysts expect that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HCI. GAMMA Investing LLC boosted 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 worth $89,000 after acquiring an additional 85 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of HCI Group by 4.1% in the 1st quarter. SG Americas Securities LLC now owns 6,676 shares of the insurance provider's stock valued at $996,000 after purchasing an additional 265 shares during the period. CCG Wealth Management LLC acquired a new stake in shares of HCI Group in the 1st quarter valued at about $246,000. Principal Financial Group Inc. boosted its position in shares of HCI Group by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 61,664 shares of the insurance provider's stock valued at $9,202,000 after purchasing an additional 1,332 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in HCI Group by 22.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 8,886 shares of the insurance provider's stock valued at $1,326,000 after acquiring an additional 1,612 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.

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