Truist Financial Boosts HCI Group (NYSE:HCI) Price Target to $235.00

HCI Group (NYSE:HCI) had its target price lifted by equities researchers at Truist Financial from $190.00 to $235.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the insurance provider’s stock. Truist Financial’s price objective would suggest a potential upside of 29.88% from the stock’s current price.

Several other equities research analysts also recently issued reports on HCI. Wall Street Zen downgraded shares of HCI Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of HCI Group in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $203.75.

HCI Group Stock Performance

NYSE:HCI traded down $14.07 during mid-day trading on Friday, reaching $180.94. The stock had a trading volume of 171,040 shares, compared to its average volume of 144,676. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.71 and a current ratio of 0.71. HCI Group has a twelve month low of $105.00 and a twelve month high of $210.50. The business has a 50 day simple moving average of $188.53 and a 200 day simple moving average of $164.73. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 16.11 and a beta of 1.16.

HCI Group (NYSE:HCI) last posted its earnings results on Thursday, November 6th. The insurance provider reported $4.90 earnings per share for the quarter, beating the consensus estimate of $2.44 by $2.46. The company had revenue of $216.35 million for the quarter, compared to analyst estimates of $223.53 million. HCI Group had a return on equity of 25.84% and a net margin of 18.58%. On average, analysts expect that HCI Group will post 6.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Strs Ohio lifted its position in shares of HCI Group by 2.1% during the 3rd quarter. Strs Ohio now owns 4,800 shares of the insurance provider’s stock worth $921,000 after purchasing an additional 100 shares during the last quarter. Westside Investment Management Inc. increased its position in HCI Group by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 252 shares of the insurance provider’s stock worth $47,000 after buying an additional 126 shares during the period. Quent Capital LLC acquired a new position in shares of HCI Group during the third quarter worth approximately $25,000. Creative Planning lifted its holdings in shares of HCI Group by 0.3% during the second quarter. Creative Planning now owns 52,191 shares of the insurance provider’s stock worth $7,943,000 after buying an additional 139 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of HCI Group by 24.5% in the second quarter. GAMMA Investing LLC now owns 742 shares of the insurance provider’s stock valued at $113,000 after acquiring an additional 146 shares during the period. 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.