HCI Group (HCI) is Initiated by Piper Jaffray to Overweight

HCI Group (HCI) is Initiated by Piper Jaffray to Overweight , according to the research report released to the investors. The shares recommendation by the Brokerage Firm was released on Dec-29-2015.

The company shares have dropped 23.18% in the past 52 Weeks. On February 13, 2015 The shares registered one year high of $50.38 and one year low was seen on December 15, 2015 at $32.29. The 50-day moving average is $37.71 and the 200 day moving average is recorded at $40.78. S&P 500 has rallied 1.33% during the last 52-weeks.

Shares of HCI Group, Inc. (NYSE:HCI) appreciated by 9.12% during the past week but lost 5.29% on a 4-week basis. The shares have outperformed the S&P 500 by 6.18% in the past week but underperformed the index by 3.95% in the last 4 weeks.

HCI Group, Inc. (NYSE:HCI) : On Thursday heightened volatility was witnessed in HCI Group, Inc. (NYSE:HCI) which led to swings in the share price. The shares opened for trading at $35.06 and hit $35.8 on the upside , eventually ending the session at $35.3, with a gain of 1.5% or 0.52 points. The heightened volatility saw the trading volume jump to 65,741 shares. The 52-week high of the share price is $50.38 and the company has a market cap of $384 million. The 52-week low of the share price is at $32.29 .

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Hci Group, Inc., Patel Paresh, had purchased 1,939 shares in a transaction dated on December 21, 2015. The transaction was executed at $33.44 per share with total amount equaling $64,840.

HCI Group, Inc. (NYSE:HCI): The stock price is expected to reach $ 46.5 in the short term. The number of analysts agreeing with this consensus is 2. The higher estimate for the short term price target is at $47 while the lower estimate is at $46. The standard deviation of the price stands at $0.71.

HCI Group Inc, formerly Homeowners Choice, Inc., is a holding company. The Company, through its subsidiaries, is engaged in the property and casualty insurance business. Through Homeowners Choice Property & Casualty Insurance Company, Inc. (HCPC) and subsidiaries, primarily Homeowners Choice Managers, Inc. (HCM), Southern Administration, Inc., Claddaugh Casualty Insurance Company, Ltd., and its subsidiary, HCPCI Holdings LLC, it provides property and casualty homeowners’ insurance, condominium-owners’ insurance and tenants’ insurance to individuals owning property in Florida. Its subsidiaries also include TV Investment Holdings LLC, which owns and operates a marina facility located in Florida; Unthink Technologies Private Limited. During the year ended December 31, 2011, it organized TV Investment Holdings LLC, HCI Holdings LLC and HCI Technical Resources, Inc.