HCI Group (NYSE:HCI – Get Free Report) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday, Zacks reports.
Several other equities analysts also recently weighed in on the company. Weiss Ratings downgraded HCI Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Citigroup reissued a “market outperform” rating on shares of HCI Group in a report on Friday, August 7th. Cantor Fitzgerald assumed coverage on HCI Group in a research note on Thursday, July 9th. They set an “overweight” rating and a $225.00 price target for the company. Truist Financial set a $235.00 price objective on shares of HCI Group in a research report on Thursday, October 1st. Finally, Citizens Jmp lifted their target price on shares of HCI Group from $255.00 to $265.00 and gave the stock a “market outperform” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $241.67.
Get Our Latest Stock Report on HCI Group
HCI Group Stock Performance
HCI Group (NYSE:HCI – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The insurance provider reported $5.60 EPS for the quarter, topping analysts’ consensus estimates of $5.04 by $0.56. HCI Group had a net margin of 32.60% and a return on equity of 28.80%. The firm had revenue of $246.65 million for the quarter, compared to the consensus estimate of $247.43 million. Analysts expect that HCI Group will post 20.08 earnings per share for the current fiscal year.
Institutional Investors Weigh In On HCI Group
Several hedge funds have recently modified their holdings of the company. NDVR Inc. raised its holdings in shares of HCI Group by 7.0% during the 4th quarter. NDVR Inc. now owns 1,236 shares of the insurance provider’s stock valued at $237,000 after buying an additional 81 shares during the period. Illinois Municipal Retirement Fund grew its position in HCI Group by 1.6% in the first quarter. Illinois Municipal Retirement Fund now owns 6,011 shares of the insurance provider’s stock valued at $929,000 after acquiring an additional 97 shares in the last quarter. IFP Advisors Inc raised its stake in shares of HCI Group by 21.9% during the second quarter. IFP Advisors Inc now owns 828 shares of the insurance provider’s stock valued at $145,000 after purchasing an additional 149 shares during the period. Quantinno Capital Management LP raised its stake in shares of HCI Group by 5.4% during the first quarter. Quantinno Capital Management LP now owns 3,030 shares of the insurance provider’s stock valued at $468,000 after purchasing an additional 156 shares during the period. Finally, Nykredit A S acquired a new position in shares of HCI Group during the second quarter worth $33,000. 86.99% of the stock is owned by institutional investors and hedge funds.
About HCI Group
HCI Group, Inc is a holding company headquartered in Tampa, Florida, that operates businesses in property and casualty insurance, real estate, and insurance-related technology. Its principal activities center on providing property insurance products for residential policyholders, with an emphasis on coverage for homeowners and other property owners.
HCI’s insurance operations have historically served customers primarily in Florida and other U.S. markets through affiliated insurance companies, including Homeowners Choice Property & Casualty Insurance Company and TypTap Insurance Company.
See Also
- Five stocks we like better than HCI Group
- The AI Boom’s Next Big Winners May Wear Hard Hats
- Rivian Escapes the EV Graveyard—But Can It Stay Alive?
- Allient’s Data Center and Defense Momentum Is Raising the Stakes
- Constellation Energy’s Google Deal Shows Why Nuclear Uprates Matter for AI
Receive News & Ratings for HCI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCI Group and related companies with MarketBeat.com's FREE daily email newsletter.
