JMP Securities Raises HCI Group (NYSE:HCI) Price Target to $225.00

HCI Group (NYSE:HCI) had its target price hoisted by research analysts at JMP Securities from $210.00 to $225.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “market outperform” rating on the insurance provider’s stock. JMP Securities’ price objective would indicate a potential upside of 34.94% from the stock’s previous close.

HCI Group Stock Performance

HCI opened at $166.74 on Monday. The firm’s fifty day simple moving average is $147.04 and its two-hundred day simple moving average is $128.88. HCI Group has a 52-week low of $83.65 and a 52-week high of $176.40. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 13.93 and a beta of 1.23. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40.

HCI Group (NYSE:HCI) last released its quarterly earnings results on Thursday, May 8th. The insurance provider reported $5.35 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.86. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. The firm had revenue of $216.43 million during the quarter, compared to the consensus estimate of $214.89 million. Equities analysts anticipate that HCI Group will post 6.78 earnings per share for the current fiscal year.

Institutional Trading of HCI Group

Several large investors have recently made changes to their positions in HCI. GAMMA Investing LLC lifted its holdings in HCI Group by 16.6% in the 1st quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider’s stock valued at $89,000 after purchasing an additional 85 shares in the last quarter. Aquatic Capital Management LLC grew its holdings in shares of HCI Group by 1.7% during the fourth quarter. Aquatic Capital Management LLC now owns 5,694 shares of the insurance provider’s stock worth $664,000 after buying an additional 94 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of HCI Group by 1.0% in the fourth quarter. New York State Teachers Retirement System now owns 10,493 shares of the insurance provider’s stock valued at $1,223,000 after buying an additional 100 shares during the last quarter. Martingale Asset Management L P lifted its stake in shares of HCI Group by 1.6% in the first quarter. Martingale Asset Management L P now owns 10,893 shares of the insurance provider’s stock worth $1,626,000 after buying an additional 170 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in HCI Group by 4.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,930 shares of the insurance provider’s stock worth $736,000 after acquiring an additional 228 shares during the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

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.