Originally published on Best Stocks Category: best stocks to buy now JMP Securities lowered their price objective for HCI Group (NYSE: HCI) from $100.00 to $95.00 in a research note delivered to clients and investors on Wednesday, as reported by Benzinga. The note was delivered to clients and investors on Wednesday. At present, the brokerage firm has given the insurance company’s shares the rating of “market outperform,” indicating that they are expected to perform exceptionally well in the market. According to the price objective provided by JMP Securities, the company’s stock has the potential to increase by 174.57% from its most recent price at which it was closed.There have also been reports on HCI published by various other research companies. The first research report on HCI Group was written and released by StockNews.com on October 12, marking the day the report was made available to the public. They recommended “selling” the stock to prospective buyers. In addition, in a report distributed on Thursday, August 18, Truist Financial lowered their “buy” rating and price target that they had previously assigned to shares of HCI Group from $95.00 to $75.00. The report was titled “HCI Group Price Target Review.”The price of HCI’s shares hit an all-time high of $34.60 on Wednesday, marking a new record for the company. The moving average of the company’s stock price over the past 200 days is $56.12, and the moving average over the last fifty days is $40.68. The price of HCI Group shares has ranged from $27.65 to $139.80 over the past year, with an average price of $139.80. 0.64 is the value achieved when the current, quick, and debt-to-equity ratios are all added together. The ratio of debt to equity is currently 0.88. In addition, the stock has a beta value of 0.80, and its price-to-earnings ratio is -20.84; combined, these numbers result in a market value for the stock that is $312.96 million.The HCI Group (NYSE: HCI) announced the release of its most recent earnings report on August 8. The insurance company reported earnings per share (EPS) for the quarter of $0.71, which was $0.91 below the consensus estimate of $0.20 per share. The net margin and return on equity of the HCI Group were both negative, coming in at 3.29 and 3.03 percent, respectively. Despite analysts’ predictions that the company would bring in $130.57 million in revenue during the quarter, the business could bring in only $125.93 million. As a result, sell-side analysts anticipate that HCI Group will record a loss of -6.78 cents per share during the current fiscal year.In related news, on August 11, director Lauren L. Valiente bought 429 shares of the company’s stock. This is just one of the many items that are relevant to this subject. It costs $25,014.99 to purchase these shares, which comes to an average price of $58.31 per share throughout the transaction. Following the completion of the sale, the director possesses a total of 694 shares of the company, which have a combined value of $40,467.14 at this time. By clicking on the link, which will take you to a document presented to the Securities and Exchange Commission, you will have the opportunity to obtain additional information regarding the acquisition. In other news, on August 23, Paresh Patel, the company’s CEO, bought 1,000 shares of the company’s stock. This was reported in another piece of news. The total amount spent on the shares was $51,080.00, given that they were purchased at an average price of $51.08 per share. Following the successful conclusion of the transaction, the Chief Executive Officer (CEO) was awarded direct ownership of 37,500 business shares, each of which has an estimated value of $1,915,500. If you follow the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to acquire additional information regarding the transaction. In addition, Director Lauren L. Valiente made another purchase of company stock on August 11, this time for 429 additional shares. Again, the total cost of buying the stock came to $25,014.99, which works out to a price of $58.31 per share on average when divided among all the shares. As a result of the successful transaction completion, the director now directly owns 694 company shares, the total value of which is approximately 40,467.14 dollars. You should look in this location if you are looking for the disclosure that pertains to this transaction. Individuals employed by the company hold 21.51% of the company’s shares.Hedge funds have been very active in stock transactions involving the company, buying and selling shares. In the third quarter, Virtu Financial LLC forked over approximately 363,000 dollars to acquire a new portion of HCI Group. In addition, Russell Investments Group Ltd. increased the amount of HCI Group stock owned by 21.5% over the third quarter of the fiscal year. Following the acquisition of an additional 1,282 shares of the insurance provider’s stock throughout the quarter, Russell Investments Group Ltd. now holds 7,258 shares of that stock in its portfolio. The total value of the company’s stock holdings is 284,000 dollars. During the third quarter, Victory Capital Management Inc. brought the total amount of HCI Group stock it owned to a 6.3% higher than before. After purchasing an additional 1,014 shares of the insurance provider’s stock during the most recent fiscal quarter, Victory Capital Management Inc. now owns 17,200 shares of the company’s stock, with a combined value of $674,000. In addition, great West Life Assurance Company of Canada spent approximately $299,000 during the third quarter to acquire a new shareholding in HCI Group as part of its investment strategy. And finally, during the third quarter, US Bancorp DE increased its holdings in HCI Group by a factor of 428.5 percent, bringing the total amount of its HCI Group investments to After purchasing an additional 737 shares during the preceding quarter, US Bancorp DE now has a total of 909 shares in the insurance provider, which are currently valued at $36,000. These shares were acquired due to US Bancorp DE’s participation in the insurance provider’s stock purchase plan. The majority of the stock in the company is held by institutional investors, which accounts for 85.71% of the total.The HCI Group, Inc., along with its subsidiaries and affiliates, is involved in a diverse range of commercial markets within Florida. These markets include real estate, information technology, reinsurance, and property and casualty insurance. Homeowners, condo owners, and tenants of properties are all candidates for the company’s reinsurance programs and residential insurance products. The company serves all of these demographic groups. Products such as homeowner’s, fire, flood, and wind-only insurance are included in this category of residential insurance.