Brokerages Set HCI Group, Inc. (NYSE:HCI) Price Target at $129.00

HCI Group, Inc. (NYSE:HCI) has received an average rating of “Buy” from the five research firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued a report on the stock in the last year is $129.00.

HCI has been the subject of a number of analyst reports. Compass Point reduced their price target on HCI Group from $130.00 to $119.00 and set a “buy” rating for the company in a report on Tuesday, October 8th. JMP Securities reaffirmed a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a research note on Monday, September 23rd. Finally, StockNews.com lowered shares of HCI Group from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

Hedge Funds Weigh In On HCI Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Khrom Capital Management LLC raised its stake in HCI Group by 225.3% in the 2nd quarter. Khrom Capital Management LLC now owns 587,204 shares of the insurance provider’s stock valued at $54,123,000 after purchasing an additional 406,698 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of HCI Group in the fourth quarter worth about $5,633,000. American Century Companies Inc. boosted its position in HCI Group by 130.5% during the second quarter. American Century Companies Inc. now owns 110,271 shares of the insurance provider’s stock worth $10,164,000 after acquiring an additional 62,438 shares during the last quarter. Hood River Capital Management LLC grew its stake in HCI Group by 6.3% during the 2nd quarter. Hood River Capital Management LLC now owns 767,544 shares of the insurance provider’s stock valued at $70,745,000 after acquiring an additional 45,668 shares in the last quarter. Finally, West Coast Financial LLC acquired a new stake in HCI Group in the 2nd quarter valued at about $3,407,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

HCI Group Price Performance

NYSE:HCI opened at $111.65 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.44 and a quick ratio of 0.44. The company has a 50 day moving average price of $99.31 and a 200-day moving average price of $100.14. HCI Group has a 1-year low of $53.80 and a 1-year high of $121.57. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 11.36 and a beta of 1.13.

HCI Group (NYSE:HCI) 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 net margin of 21.63% and a return on equity of 44.01%. The company had revenue of $206.25 million during the quarter, compared to analysts’ expectations of $196.67 million. During the same quarter in the previous year, the company earned $1.22 earnings per share. Equities research analysts forecast that HCI Group will post 12.56 EPS for the current year.

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.