Price Action to Note: A Reversal for HCI Group Inc Is Not Near. The Stock Rises Again

Price Action to Note: A Reversal for HCI Group Inc Is Not Near. The Stock Rises Again

The stock of HCI Group Inc (NYSE:HCI) is a huge mover today! About 350,659 shares traded hands or 176.58% up from the average. HCI Group Inc (NYSE:HCI) has declined 21.90% since April 4, 2016 and is downtrending. It has underperformed by 22.99% the S&P500.
The move comes after 5 months positive chart setup for the $295.98 million company. It was reported on Nov, 4 by Barchart.com. We have $76.83 PT which if reached, will make NYSE:HCI worth $515.01 million more.

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. The rating was upgraded by JMP Securities on Tuesday, October 20 to “Market Outperform”. The stock of HCI Group Inc (NYSE:HCI) has “Hold” rating given on Tuesday, August 4 by Zacks. The stock has “Buy” rating given by Zacks on Tuesday, August 18. The stock of HCI Group Inc (NYSE:HCI) earned “Overweight” rating by Piper Jaffray on Monday, December 28.

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 important recent HCI Group Inc (NYSE:HCI) news were published by: Seekingalpha.com which released: “HCI Group’s (HCI) CEO Paresh Patel on Q3 2016 Results – Earnings Call Transcript” on November 04, 2016, also Globenewswire.com published article titled: “HCI Group Insurance Subsidiary, Homeowners Choice, Expects Reduced Reinsurance …”, Globenewswire.com published: “HCI Group Appoints Former E.W. Blanch CEO, Ted Blanch, as President of TypTap” on June 06, 2016. More interesting news about HCI Group Inc (NYSE:HCI) was released by: Nasdaq.com and their article: “HCI Group, Inc. (HCJ) Ex-Dividend Date Scheduled for October 12, 2016” with publication date: October 11, 2016.

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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