HCI Group (NYSE:HCI) Lowered to “Market Perform” Rating by Oppenheimer

HCI Group (NYSE:HCI) was downgraded by investment analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a research note issued to investors on Thursday, MarketBeat Ratings reports.

A number of other brokerages also recently weighed in on HCI. Truist Financial boosted their price target on HCI Group from $190.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of HCI Group in a report on Wednesday, October 8th. Citizens Jmp upped their price target on shares of HCI Group from $225.00 to $255.00 and gave the company a “market outperform” rating in a research report on Monday. Wall Street Zen raised shares of HCI Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, Zacks Research raised 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, five have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $230.00.

HCI Group Stock Performance

Shares of HCI Group stock traded down $6.03 on Thursday, reaching $183.40. The stock had a trading volume of 28,711 shares, compared to its average volume of 145,072. The stock has a market cap of $2.38 billion, a P/E ratio of 16.26 and a beta of 1.16. The business’s 50-day moving average price is $189.96 and its two-hundred day moving average price is $166.10. HCI Group has a fifty-two week low of $106.03 and a fifty-two week high of $210.50. 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 (NYSE:HCI) last announced its quarterly earnings data on Thursday, November 6th. The insurance provider reported $4.90 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $2.46. The company had revenue of $216.35 million during the quarter, compared to the consensus estimate of $223.53 million. HCI Group had a return on equity of 25.84% and a net margin of 18.58%. On average, sell-side analysts forecast that HCI Group will post 6.78 EPS for the current year.

Hedge Funds Weigh In On HCI Group

A number of large investors have recently bought and sold shares of HCI. Simplex Trading LLC purchased a new position in HCI Group during the 1st quarter worth $148,000. Yousif Capital Management LLC lifted its stake in shares of HCI Group by 9.5% during the 2nd quarter. Yousif Capital Management LLC now owns 3,450 shares of the insurance provider’s stock worth $525,000 after purchasing an additional 298 shares during the period. Amundi grew its holdings in HCI Group by 8,320.5% in the 1st quarter. Amundi now owns 25,514 shares of the insurance provider’s stock valued at $3,783,000 after buying an additional 25,211 shares during the period. Victory Capital Management Inc. grew its stake in shares of HCI Group by 6.7% in the first quarter. Victory Capital Management Inc. now owns 22,897 shares of the insurance provider’s stock valued at $3,417,000 after buying an additional 1,443 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of HCI Group by 69.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 3,718 shares of the insurance provider’s stock valued at $555,000 after purchasing an additional 1,527 shares during the period. 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.