HCI Group (NYSE:HCI) Stock Crosses Above 200-Day Moving Average of $90.36

HCI Group, Inc. (NYSE:HCI) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $90.36 and traded as high as $116.61. HCI Group shares last traded at $113.61, with a volume of 56,695 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Truist Financial lifted their target price on HCI Group from $96.00 to $112.00 and gave the company a “buy” rating in a research report on Friday, January 12th. William Blair raised HCI Group from a “market perform” rating to an “outperform” rating in a research report on Friday, March 8th. JMP Securities reaffirmed a “market outperform” rating and set a $120.00 target price on shares of HCI Group in a research report on Monday, April 15th. Compass Point lifted their target price on HCI Group from $90.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $140.00 target price on shares of HCI Group in a research report on Friday, April 5th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $124.00.

HCI Group Price Performance

The business has a fifty day moving average of $108.66 and a 200-day moving average of $90.36. The firm has a market cap of $1.13 billion, a PE ratio of 15.03 and a beta of 1.14. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.64.

HCI Group (NYSE:HCI) last issued its quarterly earnings data on Thursday, March 7th. The insurance provider reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $1.81. The business had revenue of $162.67 million for the quarter, compared to analysts’ expectations of $146.09 million. HCI Group had a return on equity of 36.40% and a net margin of 14.35%. During the same quarter in the prior year, the firm posted $0.06 EPS. As a group, research analysts predict that HCI Group, Inc. will post 10.33 earnings per share for the current year.

Insider Buying and Selling at HCI Group

In other news, Director Sanjay Madhu sold 3,294 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $118.72, for a total transaction of $391,063.68. Following the transaction, the director now directly owns 71,706 shares in the company, valued at approximately $8,512,936.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Paresh Patel acquired 500 shares of HCI Group stock in a transaction dated Thursday, April 11th. The shares were purchased at an average cost of $111.00 per share, for a total transaction of $55,500.00. Following the transaction, the chief executive officer now owns 349,500 shares of the company’s stock, valued at $38,794,500. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sanjay Madhu sold 3,294 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $118.72, for a total value of $391,063.68. Following the transaction, the director now owns 71,706 shares in the company, valued at $8,512,936.32. The disclosure for this sale can be found here. Insiders have sold a total of 113,102 shares of company stock valued at $13,198,303 in the last 90 days. Corporate insiders own 25.25% of the company’s stock.

Hedge Funds Weigh In On HCI Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quest Partners LLC bought a new stake in shares of HCI Group in the 4th quarter worth approximately $28,000. Quantbot Technologies LP bought a new stake in shares of HCI Group in the 3rd quarter worth approximately $62,000. SG Americas Securities LLC bought a new stake in shares of HCI Group in the 4th quarter worth approximately $155,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of HCI Group by 399.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,773 shares of the insurance provider’s stock worth $155,000 after buying an additional 1,418 shares during the last quarter. Finally, Cedar Brook Financial Partners LLC bought a new stake in shares of HCI Group in the 4th quarter worth approximately $201,000. 86.99% of the stock is currently owned by institutional investors.

About HCI Group

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.