HCI Group (NYSE:HCI) Downgraded to “Hold” Rating by Zacks Research

HCI Group (NYSE:HCI) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Wall Street Zen cut shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Weiss Ratings upgraded shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $245.00.

HCI Group Stock Up 0.3%

HCI Group stock opened at $150.27 on Wednesday. HCI Group has a twelve month low of $136.37 and a twelve month high of $210.50. The firm has a 50 day moving average price of $154.34 and a 200-day moving average price of $165.17. The company has a market capitalization of $1.92 billion, a P/E ratio of 6.60 and a beta of 1.08. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03.

HCI Group (NYSE:HCI) last released its earnings results on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share for the quarter, beating analysts’ consensus estimates of $5.26 by $0.19. HCI Group had a net margin of 32.64% and a return on equity of 30.88%. The firm had revenue of $242.88 million during the quarter, compared to the consensus estimate of $245.09 million. As a group, equities analysts predict that HCI Group will post 17.82 EPS for the current year.

Institutional Trading of HCI Group

A number of institutional investors have recently modified their holdings of HCI. Torren Management LLC purchased a new stake in shares of HCI Group during the 4th quarter valued at approximately $26,000. Transamerica Financial Advisors LLC lifted its stake in HCI Group by 519.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 161 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 135 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in HCI Group by 557.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 184 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in HCI Group by 62.8% in the 4th quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 71 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its stake in HCI Group by 645.2% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 231 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 200 shares in the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

About HCI Group

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.