HCI Group (NYSE:HCI) Earns Buy Rating from Truist Financial

HCI Group (NYSE:HCIGet Free Report)‘s stock had its “buy” rating reaffirmed by equities research analysts at Truist Financial in a report issued on Tuesday,Benzinga reports. They presently have a $145.00 price target on the insurance provider’s stock. Truist Financial’s price target would indicate a potential upside of 33.03% from the stock’s current price.

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

Check Out Our Latest Report on HCI

HCI Group Trading Down 2.9 %

NYSE:HCI opened at $109.00 on Tuesday. The business’s 50-day moving average is $114.82 and its two-hundred day moving average is $102.22. The firm has a market capitalization of $1.15 billion, a PE ratio of 9.11 and a beta of 1.11. HCI Group has a 12 month low of $81.35 and a 12 month high of $126.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HCI. Barclays PLC raised its stake 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 valued at $1,659,000 after purchasing an additional 6,756 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings 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 buying an additional 2,512 shares during the last quarter. Geode Capital Management LLC raised its stake in HCI Group by 28.7% during the third quarter. Geode Capital Management LLC now owns 219,821 shares of the insurance provider’s stock valued at $23,538,000 after buying an additional 48,969 shares in the last quarter. Vestcor Inc bought a new position in HCI Group during the 3rd quarter worth approximately $642,000. Finally, Wellington Management Group LLP grew its position in shares of HCI Group by 58.3% in the 3rd quarter. Wellington Management Group LLP now owns 146,738 shares of the insurance provider’s stock worth $15,710,000 after acquiring an additional 54,050 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors.

HCI Group Company Profile

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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.

Further Reading

Analyst Recommendations for HCI Group (NYSE:HCI)

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