HCI Group (NYSE:HCI) Stock Price Expected to Rise, JMP Securities Analyst Says

HCI Group (NYSE:HCI - Get Free Report) had its target price lifted by equities researchers at JMP Securities from $210.00 to $225.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "market outperform" rating on the insurance provider's stock. JMP Securities' price objective suggests a potential upside of 36.40% from the stock's current price.

HCI Group Price Performance

Shares of HCI stock traded up $1.84 on Monday, hitting $164.95. 71,384 shares of the company's stock were exchanged, compared to its average volume of 137,926. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. HCI Group has a 12 month low of $83.65 and a 12 month high of $176.40. The stock has a market cap of $1.90 billion, a P/E ratio of 13.78 and a beta of 1.23. The company has a 50 day moving average of $148.61 and a 200 day moving average of $129.82.

HCI Group (NYSE:HCI - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The insurance provider reported $5.35 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.86. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. The business had revenue of $216.43 million during the quarter, compared to the consensus estimate of $214.89 million. On average, equities research analysts predict that HCI Group will post 6.78 EPS for the current year.

Hedge Funds Weigh In On HCI Group

A number of institutional investors and hedge funds have recently bought and sold shares of HCI. Exchange Traded Concepts LLC increased its holdings in HCI Group by 5.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 28,508 shares of the insurance provider's stock worth $3,322,000 after purchasing an additional 1,400 shares in the last quarter. Precision Wealth Strategies LLC acquired a new position in HCI Group in the 4th quarter worth about $432,000. Allspring Global Investments Holdings LLC increased its holdings in HCI Group by 80.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,916 shares of the insurance provider's stock worth $11,781,000 after purchasing an additional 45,920 shares in the last quarter. New York State Teachers Retirement System increased its holdings in HCI Group by 1.0% in the 4th quarter. New York State Teachers Retirement System now owns 10,493 shares of the insurance provider's stock worth $1,223,000 after purchasing an additional 100 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in HCI Group by 1.1% in the 4th quarter. Rhumbline Advisers now owns 22,315 shares of the insurance provider's stock worth $2,600,000 after purchasing an additional 232 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company's stock.

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.