HCI Group (HCI) Rating Increased to B- at TheStreet

HCI Group (NYSE:HCI) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b-” rating in a research report issued on Wednesday.

HCI has been the topic of several other reports. JMP Securities lifted their price objective on shares of HCI Group from $48.00 to $50.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 10th. Zacks Investment Research upgraded shares of HCI Group from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Thursday, August 9th.

NYSE:HCI traded up $1.32 during mid-day trading on Wednesday, hitting $54.18. The stock had a trading volume of 91,346 shares, compared to its average volume of 42,881. The company has a market cap of $417.06 million, a PE ratio of -72.24 and a beta of 1.36. HCI Group has a 52 week low of $28.70 and a 52 week high of $53.13. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.26.

A number of large investors have recently modified their holdings of HCI. Principal Financial Group Inc. lifted its position in HCI Group by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 60,733 shares of the insurance provider’s stock valued at $2,318,000 after purchasing an additional 1,441 shares during the last quarter. Essex Investment Management Co. LLC bought a new stake in HCI Group in the 2nd quarter valued at about $1,928,000. American Research & Management Co. raised its position in shares of HCI Group by 4.5% during the 2nd quarter. American Research & Management Co. now owns 35,700 shares of the insurance provider’s stock worth $1,484,000 after buying an additional 1,550 shares in the last quarter. Aperio Group LLC bought a new stake in shares of HCI Group during the 2nd quarter worth about $236,000. Finally, SG Americas Securities LLC bought a new stake in shares of HCI Group during the 2nd quarter worth about $174,000. Hedge funds and other institutional investors own 68.16% of the company’s stock.

About HCI Group

HCI Group, Inc primarily engages in the property and casualty insurance business in Florida. It provides property and casualty insurance to homeowners, condominium owners, and tenants; and reinsurance. The company also owns and operates one full-service restaurant, two marinas, two retail shopping centers, and one office building.

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