HCI Group (NYSE:HCI) Stock Rating Reaffirmed by JMP Securities

HCI Group (NYSE:HCI - Get Free Report)'s stock had its "market outperform" rating reiterated by investment analysts at JMP Securities in a research note issued on Monday, Benzinga reports. They presently have a $120.00 price objective on the insurance provider's stock. JMP Securities' price objective suggests a potential upside of 8.87% from the stock's previous close.

A number of other research firms also recently weighed in on HCI. Oppenheimer restated an "outperform" rating and issued a $140.00 target price on shares of HCI Group in a research report on Friday, April 5th. Compass Point upped their price target on HCI Group from $90.00 to $124.00 and gave the stock a "buy" rating in a research note on Wednesday, March 13th. Truist Financial upped their price target on HCI Group from $96.00 to $112.00 and gave the stock a "buy" rating in a research note on Friday, January 12th. Finally, William Blair raised HCI Group from a "market perform" rating to an "outperform" rating in a report on Friday, March 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, HCI Group has a consensus rating of "Moderate Buy" and an average price target of $124.00.

HCI Group Stock Up 0.8 %

Shares of HCI traded up $0.87 during trading hours on Monday, reaching $110.22. The stock had a trading volume of 126,414 shares, compared to its average volume of 134,070. HCI Group has a 12 month low of $48.08 and a 12 month high of $121.57. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 14.66 and a beta of 1.14. The firm has a 50-day simple moving average of $105.65 and a 200 day simple moving average of $87.35. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.64.

HCI Group (NYSE:HCI - Get Free Report) last posted its earnings results on Thursday, March 7th. The insurance provider reported $3.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $1.81. The business had revenue of $162.67 million during the quarter, compared to analyst estimates of $146.09 million. HCI Group had a return on equity of 36.40% and a net margin of 14.35%. During the same quarter in the previous year, the firm earned $0.06 EPS. Equities research analysts predict that HCI Group will post 10.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Anthony Saravanos sold 12,967 shares of HCI Group stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $117.01, for a total value of $1,517,268.67. Following the transaction, the insider now directly owns 67,033 shares in the company, valued at approximately $7,843,531.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Anthony Saravanos sold 12,967 shares of the business's stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $117.01, for a total value of $1,517,268.67. Following the completion of the transaction, the insider now owns 67,033 shares of the company's stock, valued at approximately $7,843,531.33. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Paresh Patel bought 500 shares of HCI Group 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 acquisition, the chief executive officer now directly owns 349,500 shares of the company's stock, valued at $38,794,500. The disclosure for this purchase can be found here. Insiders have sold 113,102 shares of company stock worth $13,198,303 in the last ninety days. 25.25% of the stock is owned by company insiders.

Institutional Investors Weigh In On HCI Group

Several institutional investors have recently modified their holdings of the company. Quest Partners LLC purchased a new position in HCI Group in the 4th quarter valued at about $28,000. FMR LLC boosted its holdings in HCI Group by 80.7% during the first quarter. FMR LLC now owns 468 shares of the insurance provider's stock worth $25,000 after buying an additional 209 shares in the last quarter. Captrust Financial Advisors boosted its stake in HCI Group by 112.7% in the 1st quarter. Captrust Financial Advisors now owns 485 shares of the insurance provider's stock worth $33,000 after purchasing an additional 257 shares during the period. Cerity Partners LLC purchased a new stake in HCI Group in the 1st quarter worth approximately $383,000. Finally, Point72 Hong Kong Ltd lifted its position in HCI Group by 1,807.1% in the 2nd quarter. Point72 Hong Kong Ltd now owns 534 shares of the insurance provider's stock worth $36,000 after buying an additional 506 shares in the last quarter. Hedge funds and other institutional investors 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.