HCI Group (NYSE:HCI) Rating Reiterated by Oppenheimer

HCI Group (NYSE:HCI - Get Free Report)'s stock had its "outperform" rating reissued by equities research analysts at Oppenheimer in a report released on Friday, Benzinga reports. They presently have a $140.00 price objective on the insurance provider's stock. Oppenheimer's target price suggests a potential upside of 22.29% from the stock's previous close.

Several other research firms have also recently weighed in on HCI. Compass Point raised their price objective on shares of HCI Group from $90.00 to $124.00 and gave the company a "buy" rating in a research report on Wednesday, March 13th. Truist Financial raised their price objective on shares of HCI Group from $96.00 to $112.00 and gave the company a "buy" rating in a research report on Friday, January 12th. Finally, William Blair upgraded shares of HCI Group from a "market perform" rating to an "outperform" rating in a research report on Friday, March 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.33.

HCI Group Stock Performance

NYSE:HCI traded up $1.00 during midday trading on Friday, reaching $114.48. The stock had a trading volume of 72,359 shares, compared to its average volume of 135,473. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.62 and a quick ratio of 0.62. HCI Group has a 1-year low of $48.08 and a 1-year high of $121.57. The firm's fifty day simple moving average is $103.48 and its 200-day simple moving average is $84.75. The stock has a market capitalization of $1.14 billion, a P/E ratio of 15.14 and a beta of 1.14.

HCI Group (NYSE:HCI - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The insurance provider reported $3.22 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $146.09 million. During the same period last year, the firm earned $0.06 EPS. On average, equities research analysts forecast that HCI Group will post 10.22 EPS for the current fiscal year.

Insider Transactions at HCI Group

In related news, General Counsel Andrew L. Graham sold 800 shares of HCI Group stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $116.42, for a total transaction of $93,136.00. Following the transaction, the general counsel now owns 57,630 shares of the company's stock, valued at approximately $6,709,284.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, General Counsel Andrew L. Graham sold 800 shares of the company's stock in a transaction that occurred on Tuesday, March 26th. The shares were 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 $6,709,284.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James Mark Harmsworth sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $117.12, for a total transaction of $2,342,400.00. Following the completion of the transaction, the chief financial officer now owns 15,420 shares of the company's stock, valued at approximately $1,805,990.40. The disclosure for this sale can be found here. Insiders sold a total of 89,069 shares of company stock worth $10,397,354 in the last quarter. 25.25% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP boosted its holdings in HCI Group by 100.6% during the third quarter. GSA Capital Partners LLP now owns 21,527 shares of the insurance provider's stock worth $1,169,000 after purchasing an additional 10,797 shares during the last quarter. Quadrature Capital Ltd boosted its holdings in HCI Group by 253.1% during the third quarter. Quadrature Capital Ltd now owns 19,151 shares of the insurance provider's stock worth $1,039,000 after purchasing an additional 13,728 shares during the last quarter. Barclays PLC boosted its holdings in HCI Group by 54.7% during the third quarter. Barclays PLC now owns 4,962 shares of the insurance provider's stock worth $270,000 after purchasing an additional 1,754 shares during the last quarter. Cedar Brook Financial Partners LLC acquired a new position in HCI Group during the fourth quarter worth $201,000. Finally, Hsbc Holdings PLC acquired a new position in HCI Group during the third quarter worth $482,000. 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.