HCI(HCI)

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3 Value Picks From the Undervalued P&C Insurance Industry
ZACKS· 2024-06-07 17:45
Zacks Industry Rank Skyward Specialty underwrites commercial property and casualty insurance products in the United States. Its less diversified portfolio, pure pricing increases above estimated loss cost trends, strong new business pricing, higher retention and strong submission activity should drive the insurer's performance. Per a report in Carrier Management, AM Best expects profitable commercial lines and improving personal lines, coupled with higher investment returns on increased yields and strong ca ...
HCI Group (HCI) Loses -13.52% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKS· 2024-06-03 14:36
HCI Group (HCI) has been on a downward spiral lately with significant selling pressure. After declining 13.5% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock i ...
HCI Group: A Growth Stock Trading At Reasonable Levels In The P&C Insurance Industry
Seeking Alpha· 2024-06-03 08:51
Wasan Tita The market environment remains favorable for the insurance industry, with companies reporting premiums and earnings growth. This has not been different for the HCI Group (NYSE:HCI), a Property and Casualty insurer focused on residential insurance products that has seen strong growth in written premiums growth over the last quarters. While HCI's stock price has surged nearly 80% over the past 12 months, in my view, valuations still seem at reasonable levels compared to a group of the largest compa ...
Wall Street Analysts Think HCI Group (HCI) Is a Good Investment: Is It?
ZACKS· 2024-05-30 14:36
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about HCI Group (HCI) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. HCI Group currently has an average broker ...
Is HCI Group (HCI) Stock Outpacing Its Finance Peers This Year?
zacks.com· 2024-05-29 14:47
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. HCI Group (HCI) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year- to-date performance to find out. One other Finance stock that has outperformed the sector so far this year is Jackson Financial (JXN) . The stock is up 49.5% year-to-date. For J ...
5 P&C Insurers to Buy Despite an Active Hurricane Season
zacks.com· 2024-05-28 17:15
Estimates for its 2024 bottom line have jumped over the past 30 days by 3% and suggest an 89.9% increase from the year-ago reported number. Progressive has a Growth Score of A. The expected long-term earnings growth is pegged at 22.5%, better than the industry average of 10%. Colorado State University (CSU) estimates an active hurricane season this year. The latest report published by CSU states that the 2024 hurricane season may have 23 named storms, including 11 hurricanes and five major hurricanes and be ...
3 Reasons Growth Investors Will Love HCI Group (HCI)
zacks.com· 2024-05-27 17:46
Studies have shown that stocks with the best growth features consistently outperform the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better. Here are three of the most important factors that make the stock of this property and casualty insurance holding company a great growth pick right now. Earnings Growth Investors seek growth stocks to capitalize on above-average growth in financials that help these securities gr ...
Here's Why HCI Group (HCI) is Poised for a Turnaround After Losing -8.64% in 4 Weeks
zacks.com· 2024-05-17 14:36
RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30. Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal. So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for ent ...
Here is Why Growth Investors Should Buy HCI Group (HCI) Now
Zacks Investment Research· 2024-05-10 17:46
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the trad ...
HCI(HCI) - 2024 Q1 - Quarterly Report
2024-05-09 20:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-34126 HCI Group, Inc. (Exact name of registrant as specified in its charter) (State of Incorporation) Florida 20-5961396 (IRS Employer Identification No.) 3802 Coconut Palm ...