Today HCI Group Inc Had High Bearish Options Activity

 Today HCI Group Inc Had High Bearish Options Activity

In today’s session HCI Group Inc (HCI) recorded an unusually high (2,023) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious HCI decrease. With 2,023 contracts traded and 31184 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: HCI161021P00025000 closed last at: $1.75 or 483.3% up. About 9,882 shares traded hands. HCI Group Inc (NYSE:HCI) has declined 6.89% since March 7, 2016 and is downtrending. It has underperformed by 14.48% the S&P500.

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. $50 is the highest target while $43 is the lowest. The $46.25 average target is 59.98% above today’s ($28.91) stock price. HCI Group Inc has been the topic of 6 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of HCI Group Inc (NYSE:HCI) earned “Hold” rating by Zacks on Tuesday, August 4. As per Tuesday, October 20, the company rating was upgraded by JMP Securities. The firm has “Overweight” rating by Piper Jaffray given on Monday, December 28. The firm earned “Buy” rating on Tuesday, August 18 by Zacks.

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.”

HCI Group, Inc. is a holding company. The company has a market cap of $341.53 million. The Firm is engaged in providing property and casualty insurance to homeowners, condominium owners, and tenants in the state of Florida through its subsidiaries. It has a 9.52 P/E ratio. The Firm operates through property and casualty insurance activities segment.

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.

More important recent HCI Group Inc (NYSE:HCI) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on June 13, 2011, also Quotes.Wsj.com published article titled: “News HCI Group Inc.HCI”, Bizjournals.com published: “Why Tampa Bay insurance stocks are on the rise” on October 07, 2016. More interesting news about HCI Group Inc (NYSE:HCI) was released by: Globenewswire.com and their article: “HCI Group Appoints Former E.W. Blanch CEO, Ted Blanch, as President of TypTap” with publication date: June 06, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment