JMP Securities Raises HCI Group (NYSE:HCI) Price Target to $225.00

HCI Group (NYSE:HCI - Get Free Report) had its price objective increased by stock analysts at JMP Securities from $210.00 to $225.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a "market outperform" rating on the insurance provider's stock. JMP Securities' price target would indicate a potential upside of 37.08% from the stock's previous close.

HCI Group Price Performance

NYSE:HCI traded down $2.53 during trading hours on Monday, hitting $164.14. 83,950 shares of the stock traded hands, compared to its average volume of 138,141. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 13.71 and a beta of 1.23. HCI Group has a 1 year low of $83.65 and a 1 year high of $176.40. The stock has a 50 day moving average price of $147.56 and a 200 day moving average price of $129.13. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40.

HCI Group (NYSE:HCI - Get Free Report) last released its earnings results on Thursday, May 8th. The insurance provider reported $5.35 earnings per share for the quarter, beating analysts' consensus estimates of $4.49 by $0.86. The company had revenue of $216.43 million for the quarter, compared to analysts' expectations of $214.89 million. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. Sell-side analysts forecast that HCI Group will post 6.78 EPS for the current fiscal year.

Institutional Investors Weigh In On HCI Group

A number of institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its position in shares of HCI Group by 168.8% during the first quarter. American Century Companies Inc. now owns 452,781 shares of the insurance provider's stock worth $67,569,000 after acquiring an additional 284,315 shares during the last quarter. Wasatch Advisors LP grew its position in shares of HCI Group by 288.9% during the fourth quarter. Wasatch Advisors LP now owns 294,349 shares of the insurance provider's stock valued at $34,300,000 after purchasing an additional 218,664 shares in the last quarter. Khrom Capital Management LLC increased its holdings in shares of HCI Group by 20.7% in the fourth quarter. Khrom Capital Management LLC now owns 796,170 shares of the insurance provider's stock worth $92,778,000 after purchasing an additional 136,642 shares during the last quarter. Hood River Capital Management LLC boosted its stake in HCI Group by 15.7% during the fourth quarter. Hood River Capital Management LLC now owns 940,000 shares of the insurance provider's stock valued at $109,538,000 after buying an additional 127,332 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in 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 valued at $13,365,000 after buying an additional 110,838 shares in the last quarter. 86.99% of the stock is owned by hedge funds and other institutional investors.

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.