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.
Get HCI Group alerts: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
(Get Rating)
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.
Read More
- Get a free copy of the StockNews.com research report on HCI Group (HCI)
- What the SVB Financial Collapse Means for U.S. Banks
- MarketBeat Week in Review – 3/6 – 3/10
- 2 Offshore Drilling Stocks Set to Extract Big Profits
- Three Staples Stocks With Double-Digit Upside Ahead
- Can Investors Trust Consumers to Lift American Outdoor Brands?
Receive News & Ratings for HCI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HCI Group and related companies with MarketBeat.com's FREE daily email newsletter.