HCI Group (NYSE:HCI) Given New $150.00 Price Target at Oppenheimer

HCI Group (NYSE:HCI) had its target price lifted by research analysts at Oppenheimer from $140.00 to $150.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the insurance provider’s stock. Oppenheimer’s target price would indicate a potential upside of 26.37% from the company’s current price.

HCI has been the subject of a number of other reports. JMP Securities reaffirmed a “market outperform” rating and set a $145.00 price target on shares of HCI Group in a research report on Tuesday, October 15th. StockNews.com downgraded shares of HCI Group from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Truist Financial raised their target price on HCI Group from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday. Finally, Compass Point restated a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of HCI Group in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, HCI Group has a consensus rating of “Moderate Buy” and an average target price of $140.00.

HCI Group Stock Performance

Shares of HCI stock traded up $3.23 during trading hours on Friday, reaching $118.70. The company had a trading volume of 387,528 shares, compared to its average volume of 158,144. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.44. The business has a fifty day moving average price of $108.46 and a 200-day moving average price of $100.48. HCI Group has a one year low of $74.50 and a one year high of $124.00. The firm has a market cap of $1.24 billion, a PE ratio of 9.92 and a beta of 1.12.

HCI Group (NYSE:HCI) last released its quarterly earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.63. The firm had revenue of $206.25 million for the quarter, compared to the consensus estimate of $196.67 million. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. During the same period last year, the business posted $1.22 EPS. Sell-side analysts predict that HCI Group will post 6.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HCI Group

Several institutional investors and hedge funds have recently modified their holdings of HCI. Jupiter Asset Management Ltd. bought a new stake in HCI Group in the 1st quarter valued at $939,000. SG Americas Securities LLC grew its holdings in HCI Group by 153.6% during the 2nd quarter. SG Americas Securities LLC now owns 9,326 shares of the insurance provider’s stock valued at $860,000 after buying an additional 5,649 shares in the last quarter. BNP Paribas Financial Markets increased its stake in HCI Group by 271.1% in the 1st quarter. BNP Paribas Financial Markets now owns 30,783 shares of the insurance provider’s stock worth $3,573,000 after acquiring an additional 22,489 shares during the last quarter. Quadrature Capital Ltd raised its holdings in shares of HCI Group by 19.0% during the 1st quarter. Quadrature Capital Ltd now owns 35,520 shares of the insurance provider’s stock worth $4,120,000 after acquiring an additional 5,676 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of HCI Group during the 1st quarter valued at approximately $1,732,000. Institutional investors own 86.99% of the company’s stock.

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.