HCI Group (NYSE:HCI) Shares Gap Down - Time to Sell?

HCI Group, Inc. (NYSE:HCI - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $119.86, but opened at $116.76. HCI Group shares last traded at $113.39, with a volume of 18,304 shares traded.

Analysts Set New Price Targets

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

HCI Group Price Performance

The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 11.79 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. The company has a 50 day moving average price of $102.57 and a 200 day moving average price of $100.09.

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

Hedge Funds Weigh In On HCI Group

A number of hedge funds and other institutional investors have recently bought and sold shares of HCI. Point72 DIFC Ltd acquired a new position in shares of HCI Group in the 2nd quarter valued at $26,000. Gladius Capital Management LP bought a new stake in HCI Group in the second quarter valued at about $31,000. GAMMA Investing LLC lifted its stake in HCI Group by 80.9% in 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 period. CWM LLC boosted its holdings in 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 buying an additional 495 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of HCI Group during the 2nd quarter worth about $201,000. 86.99% of the stock is owned by 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.