Truist Financial Boosts HCI Group (NYSE:HCI) Price Target to $145.00

HCI Group (NYSE:HCI) had its price target increased by research analysts at Truist Financial from $140.00 to $145.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the insurance provider’s stock. Truist Financial’s target price points to a potential upside of 22.16% from the company’s previous close.

A number of other analysts also recently commented on the stock. JMP Securities reiterated a “market outperform” rating and issued a $145.00 price objective on shares of HCI Group in a report on Tuesday, October 15th. StockNews.com downgraded HCI Group from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Compass Point restated a “neutral” rating and set a $120.00 price target (up from $119.00) on shares of HCI Group in a research report on Monday, October 21st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, HCI Group currently has a consensus rating of “Moderate Buy” and an average price target of $140.00.

HCI Group Stock Performance

Shares of NYSE:HCI traded up $3.23 during trading on Friday, hitting $118.70. 387,528 shares of the stock traded hands, compared to its average volume of 158,144. The company has a fifty day moving average price of $108.46 and a two-hundred day moving average price of $100.48. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.41. HCI Group has a 52-week low of $74.50 and a 52-week high of $124.00. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 9.92 and a beta of 1.12.

HCI Group (NYSE:HCI) last issued 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. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. The firm had revenue of $206.25 million for the quarter, compared to analyst estimates of $196.67 million. During the same period in the previous year, the company posted $1.22 earnings per share. As a group, equities analysts predict that HCI Group will post 6.15 EPS for the current year.

Hedge Funds Weigh In On HCI Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. New York State Teachers Retirement System lifted its position in HCI Group by 1.5% during the 3rd quarter. New York State Teachers Retirement System now owns 10,393 shares of the insurance provider’s stock worth $1,113,000 after acquiring an additional 155 shares during the period. Thrivent Financial for Lutherans grew its position in HCI Group by 2.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 6,088 shares of the insurance provider’s stock valued at $561,000 after buying an additional 174 shares during the last quarter. GAMMA Investing LLC increased its stake in HCI Group by 80.9% in the 3rd quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock valued at $43,000 after buying an additional 178 shares during the period. Swiss National Bank raised its position in HCI Group by 1.4% during the 1st quarter. Swiss National Bank now owns 14,400 shares of the insurance provider’s stock worth $1,672,000 after buying an additional 200 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in shares of HCI Group by 10.3% in the 3rd quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider’s stock worth $258,000 after acquiring an additional 225 shares during the period. Hedge funds and other 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.