HCI Group's (HCI) Buy (B-) Rating Reiterated at Weiss Ratings

HCI Group (NYSE:HCI - Get Free Report)'s stock had its "buy (b-)" rating reissued by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of HCI Group from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 22nd. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, HCI Group has an average rating of "Buy" and a consensus price target of $181.25.

HCI Group Stock Down 0.9%

Shares of NYSE:HCI opened at $195.15 on Wednesday. HCI Group has a one year low of $95.80 and a one year high of $199.00. The company has a 50 day moving average of $169.54 and a 200-day moving average of $156.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 17.30 and a beta of 1.17.

HCI Group (NYSE:HCI - Get Free Report) last issued its quarterly 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 net margin of 18.58% and a return on equity of 25.84%. The company had revenue of $221.92 million during the quarter, compared to analysts' expectations of $218.98 million. On average, sell-side analysts forecast that HCI Group will post 6.78 earnings per share for the current year.

Institutional Investors Weigh In On HCI Group

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in HCI Group by 557.6% in the second quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider's stock worth $33,000 after purchasing an additional 184 shares during the period. Global Assets Advisory LLC acquired a new stake in HCI Group in the second quarter worth $46,000. USA Financial Formulas raised its holdings in HCI Group by 250.0% in the second quarter. USA Financial Formulas now owns 518 shares of the insurance provider's stock worth $79,000 after purchasing an additional 370 shares during the period. Caldwell Trust Co acquired a new position in shares of HCI Group in the second quarter valued at approximately $83,000. Finally, GAMMA Investing LLC boosted its holdings in shares of HCI Group by 16.6% in the first quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider's stock valued at $89,000 after buying an additional 85 shares during the period. 86.99% of the stock is currently owned by institutional investors and hedge funds.

About HCI Group

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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