Cantor Fitzgerald Begins Coverage on HCI Group (NYSE:HCI)

Analysts at Cantor Fitzgerald assumed coverage on shares of HCI Group (NYSE:HCI) in a note issued to investors on Thursday. The brokerage set an “overweight” rating and a $225.00 price target on the insurance provider’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 25.24% from the company’s current price.

HCI has been the subject of a number of other research reports. Zacks Research raised HCI Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 2nd. Wall Street Zen lowered HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $238.33.

HCI Group Price Performance

Shares of NYSE HCI opened at $179.66 on Thursday. The firm’s 50-day moving average price is $162.03 and its 200-day moving average price is $163.95. HCI Group has a 1-year low of $136.37 and a 1-year high of $210.50. The firm has a market capitalization of $2.29 billion, a P/E ratio of 7.89 and a beta of 1.03. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03.

HCI Group (NYSE:HCI) last issued its earnings results on Wednesday, May 6th. The insurance provider reported $5.45 EPS for the quarter, beating the consensus estimate of $5.26 by $0.19. HCI Group had a return on equity of 30.88% and a net margin of 32.64%.The company had revenue of $242.88 million during the quarter, compared to the consensus estimate of $245.09 million. Equities research analysts anticipate that HCI Group will post 18.07 earnings per share for the current fiscal year.

Institutional Trading of HCI Group

Several institutional investors have recently made changes to their positions in HCI. Torren Management LLC bought a new stake in HCI Group in the 4th quarter worth about $26,000. Transamerica Financial Advisors LLC lifted its position in shares of HCI Group by 519.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 161 shares of the insurance provider’s stock worth $31,000 after buying an additional 135 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of HCI Group by 62.8% during the 4th quarter. Farther Finance Advisors LLC now owns 184 shares of the insurance provider’s stock worth $35,000 after buying an additional 71 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of HCI Group by 557.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock worth $33,000 after buying an additional 184 shares during the last quarter. Finally, Global Assets Advisory LLC purchased a new position in shares of HCI Group in the 1st quarter worth approximately $46,000. Institutional investors own 86.99% of the company’s stock.

HCI Group Company Profile

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.