HCI Group (NYSE:HCI – Get Rating) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Friday.
Several other equities research analysts have also recently commented on HCI. Compass Point initiated coverage on HCI Group in a research report on Thursday, January 19th. They set a "buy" rating and a $56.00 price objective on the stock. TheStreet cut HCI Group from a "c-" rating to a "d+" rating in a research report on Wednesday, December 7th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $75.33.
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HCI Group Trading Up 10.4 %
HCI Group stock opened at $58.17 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.26 and a quick ratio of 0.26. HCI Group has a one year low of $27.65 and a one year high of $73.92. The stock has a market capitalization of $509.57 million, a PE ratio of -9.05 and a beta of 0.81. The business's fifty day moving average is $48.67 and its 200 day moving average is $43.01.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of HCI. Voya Investment Management LLC boosted its position in HCI Group by 83.0% in the fourth quarter. Voya Investment Management LLC now owns 377,416 shares of the insurance provider's stock worth $14,942,000 after purchasing an additional 171,166 shares during the last quarter. Essex Investment Management Co. LLC raised its stake in shares of HCI Group by 286.6% in the second quarter. Essex Investment Management Co. LLC now owns 140,685 shares of the insurance provider's stock worth $9,533,000 after buying an additional 104,294 shares during the period. Park West Asset Management LLC raised its stake in shares of HCI Group by 12.4% in the second quarter. Park West Asset Management LLC now owns 804,643 shares of the insurance provider's stock worth $54,523,000 after buying an additional 89,000 shares during the period. Bank of Montreal Can bought a new position in shares of HCI Group in the fourth quarter worth about $3,549,000. Finally, Millennium Management LLC raised its stake in shares of HCI Group by 160.2% in the second quarter. Millennium Management LLC now owns 139,280 shares of the insurance provider's stock worth $9,438,000 after buying an additional 85,759 shares during the period. 67.71% of the stock is owned by hedge funds and other institutional investors.
About HCI Group
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HCI Group, Inc engages in the business of property and casualty insurance, reinsurance, real estate, and information technology. It operates through the following segments: Insurance Operations, Real Estate, and Corporate and Others. The Insurance Operations segment includes the property and casualty insurance division and reinsurance division.
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