HCI Group (NYSE:HCI) Hits New 1-Year High - Here's What Happened

HCI Group, Inc. (NYSE:HCI - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $124.00 and last traded at $119.63, with a volume of 89422 shares trading hands. The stock had previously closed at $113.40.

Analyst Upgrades and Downgrades

HCI has been the topic of several recent research reports. JMP Securities reiterated a "market outperform" rating and set a $145.00 target price on shares of HCI Group in a research report on Tuesday, October 15th. Compass Point reiterated a "neutral" rating and issued a $120.00 price target (up previously from $119.00) on shares of HCI Group in a research report on Monday. Finally, StockNews.com downgraded HCI Group from a "buy" rating to a "hold" rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $129.25.

HCI Group Trading Up 6.7 %

The firm has a 50-day moving average of $103.84 and a 200 day moving average of $100.31. The company has a market cap of $1.27 billion, a P/E ratio of 12.31 and a beta of 1.13. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41.

HCI Group (NYSE:HCI - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The insurance provider reported $4.21 EPS for the quarter, topping the consensus estimate of $3.58 by $0.63. HCI Group had a net margin of 21.63% and a return on equity of 44.01%. The company had revenue of $206.25 million during the quarter, compared to the consensus estimate of $196.67 million. During the same quarter last year, the firm posted $1.22 EPS. On average, analysts predict that HCI Group, Inc. will post 12.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HCI Group

Several institutional investors have recently made changes to their positions in HCI. Point72 DIFC Ltd acquired a new stake in HCI Group in the 2nd quarter valued at $26,000. Gladius Capital Management LP acquired a new position in shares of HCI Group during the second quarter valued at about $31,000. GAMMA Investing LLC grew its holdings in shares of HCI Group by 80.9% during the third quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider's stock valued at $43,000 after buying an additional 178 shares during the last quarter. CWM LLC increased its position in shares of HCI Group by 115.4% during the second quarter. CWM LLC now owns 924 shares of the insurance provider's stock worth $85,000 after acquiring an additional 495 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of HCI Group in the 2nd quarter worth about $201,000. 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.