Shares of HCI Group, Inc. (NYSE:HCI - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $199.00 and last traded at $195.15, with a volume of 139218 shares. The stock had previously closed at $197.01.
Analysts Set New Price Targets
Several equities analysts have recently commented on HCI shares. Weiss Ratings restated a "buy (b-)" rating on shares of HCI Group in a report on Wednesday. Wall Street Zen lowered shares of HCI Group from a "strong-buy" rating to a "buy" rating in a report on Friday, August 22nd. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $181.25.
View Our Latest Analysis on HCI
HCI Group Stock Performance
The stock's 50-day simple moving average is $169.54 and its 200 day simple moving average is $156.72. 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 market capitalization of $2.54 billion, a PE ratio of 17.36 and a beta of 1.17.
HCI Group (NYSE:HCI - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The insurance provider reported $5.18 EPS 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 company had revenue of $221.92 million for the quarter, compared to the consensus estimate of $218.98 million. As a group, research analysts expect that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.
Institutional Investors Weigh In On HCI Group
A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of HCI Group by 23.9% in the 3rd quarter. GAMMA Investing LLC now owns 919 shares of the insurance provider's stock valued at $176,000 after purchasing an additional 177 shares during the last quarter. Texas Permanent School Fund Corp increased its position in shares of HCI Group by 14.9% in the 2nd quarter. Texas Permanent School Fund Corp now owns 11,660 shares of the insurance provider's stock valued at $1,775,000 after purchasing an additional 1,508 shares during the last quarter. Caldwell Trust Co purchased a new stake in shares of HCI Group in the 2nd quarter valued at approximately $83,000. Squarepoint Ops LLC boosted its holdings in shares of HCI Group by 64.6% in the 2nd quarter. Squarepoint Ops LLC now owns 7,426 shares of the insurance provider's stock valued at $1,130,000 after buying an additional 2,914 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of HCI Group by 9.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 6,844 shares of the insurance provider's stock valued at $1,042,000 after buying an additional 607 shares in the last quarter. 86.99% of the stock is owned by hedge funds and other institutional investors.
HCI Group Company Profile
(
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.
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