JMP Securities Thinks HCI Group Inc’s Stock is Going to Recover


In a report issued on March 8, Matthew Carletti from JMP Securities reiterated a Buy rating on HCI Group Inc (HCI), with a price target of $50. The company’s shares closed on Friday at $38.12, close to its 52-week low of $36.72.

According to TipRanks.com, Carletti is a 4-star analyst with an average return of 10.2% and a 72.1% success rate. Carletti covers the Financial sector, focusing on stocks such as National General Holdings, FedNat Holding Company, and Arch Capital Group Ltd.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for HCI Group Inc with a $50 average price target.

See today’s analyst top recommended stocks >>

Based on HCI Group Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $7.37 million. In comparison, last year the company had a net profit of $11.27 million.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HCI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

HCI Group, Inc. is a holding company, which engages in the provision of property and casualty insurance. It operates through the following segments: Insurance Operations, Real Estate, and Corporate and Other. The company was founded by Paresh Patel, Gregory Politis, and Martin A. Traber in 2006 and is headquartered in Tampa, FL.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts