Compass Point Upgrades HCI Group (NYSE:HCI) to “Buy”

HCI Group (NYSE:HCI) was upgraded by equities research analysts at Compass Point from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday,Benzinga reports. The firm presently has a $205.00 target price on the insurance provider’s stock, up from their previous target price of $148.00. Compass Point’s target price points to a potential upside of 26.07% from the company’s current price.

Separately, JMP Securities boosted their target price on HCI Group from $210.00 to $225.00 and gave the stock a “market outperform” rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, HCI Group has an average rating of “Moderate Buy” and an average target price of $181.25.

HCI Group Stock Performance

NYSE:HCI opened at $162.61 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average of $150.71 and a 200-day moving average of $131.12. HCI Group has a twelve month low of $83.65 and a twelve month high of $176.40. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 13.59 and a beta of 1.23.

HCI Group (NYSE:HCI) last posted its quarterly earnings results on Thursday, May 8th. The insurance provider reported $5.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.86. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. The firm had revenue of $216.43 million for the quarter, compared to analyst estimates of $214.89 million. Analysts forecast that HCI Group will post 6.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in HCI Group by 16.6% during the 1st quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider’s stock worth $89,000 after acquiring an additional 85 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of HCI Group by 825.7% during the first quarter. Russell Investments Group Ltd. now owns 648 shares of the insurance provider’s stock worth $97,000 after acquiring an additional 578 shares in the last quarter. Simplex Trading LLC acquired a new stake in HCI Group during the first quarter valued at $148,000. KLP Kapitalforvaltning AS purchased a new position in HCI Group in the fourth quarter valued at about $175,000. Finally, Cresset Asset Management LLC acquired a new position in HCI Group in the 1st quarter worth about $209,000. 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.