Truist Financial Reaffirms “Buy” Rating for HCI Group (NYSE:HCI)

HCI Group (NYSE:HCI)‘s stock had its “buy” rating restated by equities research analysts at Truist Financial in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $145.00 target price on the insurance provider’s stock. Truist Financial’s price objective would indicate a potential upside of 28.88% from the company’s current price.

HCI has been the topic of a number of other research reports. Oppenheimer upped their target price on shares of HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. JMP Securities restated a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a research report on Tuesday, October 15th. Finally, Compass Point reaffirmed a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of HCI Group in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $140.00.

HCI Group Stock Performance

Shares of HCI traded up $0.51 during trading hours on Tuesday, hitting $112.51. The company’s stock had a trading volume of 17,675 shares, compared to its average volume of 144,887. HCI Group has a 52-week low of $81.35 and a 52-week high of $126.50. The business has a 50 day simple moving average of $114.33 and a two-hundred day simple moving average of $102.06. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 9.38 and a beta of 1.11.

Institutional Trading of HCI Group

Several hedge funds and other institutional investors have recently bought and sold shares of HCI. Barclays PLC lifted its holdings in shares of HCI Group by 77.3% in the 3rd quarter. Barclays PLC now owns 15,501 shares of the insurance provider’s stock worth $1,659,000 after acquiring an additional 6,756 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in HCI Group by 27.0% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 11,818 shares of the insurance provider’s stock valued at $1,265,000 after purchasing an additional 2,512 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of HCI Group by 28.7% in the third quarter. Geode Capital Management LLC now owns 219,821 shares of the insurance provider’s stock worth $23,538,000 after purchasing an additional 48,969 shares during the last quarter. Vestcor Inc purchased a new position in shares of HCI Group in the third quarter worth $642,000. Finally, Wellington Management Group LLP raised its holdings in HCI Group by 58.3% during the 3rd quarter. Wellington Management Group LLP now owns 146,738 shares of the insurance provider’s stock valued at $15,710,000 after buying an additional 54,050 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

HCI Group Company Profile

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.