The stock of HCI Group Inc (NYSE:HCI) is a huge mover today! About 395,526 shares traded hands or 292.47% up from the average. HCI Group Inc (NYSE:HCI) has declined 17.30% since March 4, 2016 and is downtrending. It has underperformed by 25.33% the S&P500.
The move comes after 9 months positive chart setup for the $262.74M company. It was reported on Oct, 7 by Barchart.com. We have $82.71 PT which if reached, will make NYSE:HCI worth $488.70M more.
Analysts await HCI Group Inc (NYSE:HCI) to report earnings on November, 1.
HCI Group Inc (NYSE:HCI) Ratings Coverage
Out of 4 analysts covering HCI Group Inc (NYSE:HCI), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. HCI Group Inc has been the topic of 6 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Zacks upgraded the stock to “Hold” rating in Tuesday, August 4 report. The firm earned “Overweight” rating on Monday, December 28 by Piper Jaffray. The rating was upgraded by JMP Securities on Tuesday, October 20 to “Market Outperform”. Zacks downgraded HCI Group Inc (NYSE:HCI) on Tuesday, August 18 to “Buy” rating.
According to Zacks Investment Research, “HCI Group, Inc. is a holding company that conducts its business activities through its subsidiaries. It is engaged in diverse business activities, including property and casualty insurance, information technology, real estate and reinsurance. The company, through its largest subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., provides property and casualty insurance. Its insurance product includes property and casualty homeowners insurance, condominium-owners’ insurance and tenants insurance to individuals owning property. HCI Group, Inc., formerly known as Homeowners Choice, Inc., is headquartered in Tampa, Florida.”
More recent HCI Group Inc (NYSE:HCI) news were published by: Bizjournals.com which released: “Why Tampa Bay insurance stocks are on the rise” on October 07, 2016. Also Marketwatch.com published the news titled: “/quotes/zigman/3870025/realtime” on June 13, 2011. Seekingalpha.com‘s news article titled: “When Catastrophe Strikes” with publication date: October 07, 2016 was also an interesting one.
HCI Company Profile
HCI Group, Inc. (HCI), incorporated on November 30, 2006, is a holding company. The Firm is engaged in providing property and casualty insurance to homeowners, condominium owners, and tenants in the state of Florida through its subsidiaries. The Firm operates through property and casualty insurance activities segment. The Company’s activities include Insurance Operations and Other Operations. The Company’s Insurance Operations include property and casualty insurance, and reinsurance. HCI’s Other Operations include information technology (IT) and real estate.
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