HCI Group (NYSE:HCI) Stock Price Crosses Above Two Hundred Day Moving Average of $90.36

Shares of HCI Group, Inc. (NYSE:HCI - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $90.36 and traded as high as $116.61. HCI Group shares last traded at $113.61, with a volume of 56,695 shares trading hands.

Analyst Ratings Changes

Several brokerages recently commented on HCI. Truist Financial raised their price objective on HCI Group from $96.00 to $112.00 and gave the stock a "buy" rating in a research note on Friday, January 12th. William Blair upgraded HCI Group from a "market perform" rating to an "outperform" rating in a report on Friday, March 8th. JMP Securities reiterated a "market outperform" rating and issued a $120.00 price objective on shares of HCI Group in a research report on Monday, April 15th. Oppenheimer restated an "outperform" rating and set a $140.00 target price on shares of HCI Group in a report on Friday, April 5th. Finally, Compass Point lifted their price target on shares of HCI Group from $90.00 to $124.00 and gave the company a "buy" rating in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $124.00.

HCI Group Stock Performance

The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 15.03 and a beta of 1.14. The stock has a 50-day moving average of $108.66 and a 200-day moving average of $90.36. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.62 and a current ratio of 0.62.

HCI Group (NYSE:HCI - Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The insurance provider reported $3.22 earnings per share for the quarter, topping the consensus estimate of $1.41 by $1.81. HCI Group had a net margin of 14.35% and a return on equity of 36.40%. The company had revenue of $162.67 million during the quarter, compared to analysts' expectations of $146.09 million. During the same period last year, the business earned $0.06 EPS. As a group, analysts anticipate that HCI Group, Inc. will post 10.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, General Counsel Andrew L. Graham sold 800 shares of the firm's stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $116.42, for a total value of $93,136.00. Following the completion of the transaction, the general counsel now owns 57,630 shares in the company, valued at approximately $6,709,284.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Paresh Patel purchased 500 shares of the company's stock in a transaction on Thursday, April 11th. The shares were purchased at an average cost of $111.00 per share, with a total value of $55,500.00. Following the completion of the transaction, the chief executive officer now owns 349,500 shares of the company's stock, valued at approximately $38,794,500. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Andrew L. Graham sold 800 shares of HCI Group stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $116.42, for a total transaction of $93,136.00. Following the completion of the transaction, the general counsel now directly owns 57,630 shares of the company's stock, valued at approximately $6,709,284.60. The disclosure for this sale can be found here. Insiders have sold 113,102 shares of company stock valued at $13,198,303 in the last three months. 25.25% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HCI Group

A number of institutional investors have recently bought and sold shares of HCI. Victory Capital Management Inc. increased its holdings in shares of HCI Group by 1.9% during the 3rd quarter. Victory Capital Management Inc. now owns 16,100 shares of the insurance provider's stock worth $874,000 after acquiring an additional 304 shares during the last quarter. Quest Partners LLC acquired a new position in shares of HCI Group in the fourth quarter valued at $28,000. Louisiana State Employees Retirement System raised its position in shares of HCI Group by 13.3% in the first quarter. Louisiana State Employees Retirement System now owns 3,400 shares of the insurance provider's stock valued at $395,000 after purchasing an additional 400 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of HCI Group by 12.2% during the 1st quarter. State of Alaska Department of Revenue now owns 4,152 shares of the insurance provider's stock worth $481,000 after buying an additional 453 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of HCI Group by 8.4% during the 4th quarter. Swiss National Bank now owns 14,200 shares of the insurance provider's stock worth $1,241,000 after buying an additional 1,100 shares during the period. Institutional investors and hedge funds own 86.99% of the company's stock.

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.