HCI Group's (HCI) Market Outperform Rating Reiterated at JMP Securities

JMP Securities restated their market outperform rating on shares of HCI Group (NYSE:HCI - Free Report) in a report released on Tuesday morning, Benzinga reports. JMP Securities currently has a $145.00 target price on the insurance provider's stock.

A number of other research analysts also recently weighed in on the stock. Compass Point decreased their price objective on shares of HCI Group from $130.00 to $119.00 and set a buy rating for the company in a research report on Tuesday, October 8th. StockNews.com downgraded HCI Group from a buy rating to a hold rating in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, HCI Group currently has a consensus rating of Moderate Buy and a consensus price target of $129.00.

HCI Group Stock Performance

NYSE:HCI traded up $0.36 during midday trading on Tuesday, hitting $116.29. The company's stock had a trading volume of 218,234 shares, compared to its average volume of 146,630. The firm has a market cap of $1.22 billion, a P/E ratio of 11.84 and a beta of 1.13. The firm's 50 day moving average is $99.84 and its 200-day moving average is $100.03. HCI Group has a fifty-two week low of $55.83 and a fifty-two week high of $121.57. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.44 and a quick ratio of 0.44.

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

Institutional Investors Weigh In On HCI Group

Several institutional investors have recently bought and sold shares of HCI. Exchange Traded Concepts LLC lifted its stake in HCI Group by 72.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 27,108 shares of the insurance provider's stock worth $2,902,000 after purchasing an additional 11,427 shares in the last quarter. CWM LLC raised its holdings in shares of HCI Group by 34.2% during the 3rd quarter. CWM LLC now owns 1,240 shares of the insurance provider's stock worth $133,000 after acquiring an additional 316 shares during the period. GAMMA Investing LLC boosted its position in shares of HCI Group by 80.9% during the 3rd quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider's stock valued at $43,000 after acquiring an additional 178 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in HCI Group during the second quarter worth about $1,254,000. Finally, Point72 DIFC Ltd purchased a new position in HCI Group during the second quarter worth about $26,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

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.