HCI Group Stock (NYSE:HCI), Trade Ideas

HCI Group

HCI Group Inc is engaged in the property and casualty insurance business through two Florida domiciled insurance companies, Homeowners Choice Property & Casualty Insurance Company (HCPCI) and TypTap Insurance Company (TypTap). Both HCPCI and TypTap are authorized to underwrite various homeowners' property and casualty insurance products and allied lines business in the state of Florida and other states. The operating segments of the group are HCPCI insurance operations, TypTap Group, Real estate operations, and Corporate and other. It derives key revenue from the HCPCI Insurance operation segment.

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SHIP

STNE

The recent consumer price index (ETF:CPI) data revealed that U.S. inflation is running hotter than anticipated. Prices rose 0.4% in March over the previous month and 3.5% year over year, surpassing forecasts of 0.3% and 3.4%, respectively. The data confirmed concerns that inflation is stickier than expected and lowered expectations for imminent interest rate cuts by the Federal Reserve.

4 High Earnings Yield Stocks to Buy Amid Market Uncertainty

PLMR

Prudential Financial, Inc.&#39;s (NYSE: PRU) shares have rallied 25.9% in a year compared with the industry&#39;s growth of 14.7%. The Finance sector and the Zacks S&amp;P 500 composite have risen 17.4% and 24.1%, respectively, in the same time frame.

Prudential Financial Up 25.9% in a Year: More Room to Run?

Long Ideas

Insider Trades

Pre-Market Outlook

CRMT

TRDA

Although U.S. stocks closed lower on Wednesday, there were a few notable insider trades.

Insiders Buying America&#39;s Car-Mart And 2 Other Stocks

HCI Group Inc

HONGCHANG INTRNATIONAL CP by Hongchang International Co Ltd.

Hongchang International Co Ltd

HC Group Inc

Management

HCI Group Announces Five-Year Employment Agreement With CEO Paresh Patel

The recent consumer price index (ETF:CPI) data revealed that U.S. inflation is running hotter than anticipated. Prices rose 0.4% in March over the previous month and 3.5% year over year, surpassing forecasts of 0.3% and 3.4%, respectively. The data confirmed concerns that inflation is stickier than expected and lowered expectations for imminent interest rate cuts by the Federal Reserve.
Market predictions for rate cuts in June have shifted significantly since the CPI release. The Fed is determined not to cut rates until it has &quot;gained greater confidence&quot; that inflation is headed back toward 2%. In addition, geopolitical unrest and rising energy costs pose risks that could further escalate inflation.
In this uncertain landscape, value investing is one of the most prudent strategies.This approach seeks to profit from investing in stocks that appear to be trading at a discount to their intrinsic values and eventually make handsome returns when the stock price rises toward that value, reflecting the actual fundamentals. Value stocks, which often provide steady dividend payouts, offer a degree of safety in uncertain market environments.
<h3>Using the Earnings Yield Metric</h3>
One interesting ratio that you can consider for ferreting out attractively valued stocks is earnings yield. This metric, expressed in percentage, is calculated as annual earnings per share (ETF:EPS) divided by market price. This metric measures the anticipated yield (or return) from earnings for each dollar invested in a stock today. While comparing stocks, if other factors are similar, the ones with higher earnings yield are considered undervalued, while those with lower earnings yield are seen as overpriced.
While earnings yield is nothing but the reciprocal of the P/E ratio, it is albeit a little more illuminating than the traditional P/E ratio as it also facilitates the comparison of stocks with fixed-income securities. Investors often compare the earnings yield of a stock to the prevailing interest rates, such as the current 10-year Treasury yield, to get a sense of the return on investment it offers compared to virtually risk-free returns.
If the yield on a stock is lower than the 10-year Treasury yield, it would be considered overvalued relative to bonds. Conversely, if the yield on the stock is higher, it would be considered undervalued. In this situation, investing in the stock market would be a better option for a value investor.
You can unlock your portfolio value by investing in high earnings yield stocks like&nbsp;StoneCo Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stne#NASDAQ">STNE</a>),&nbsp;HCI Group Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hci#NYSE">HCI</a>),&nbsp;Seanergy Maritime Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ship#NASDAQ">SHIP</a>) and&nbsp;Pilgrim&#39;s Pride Corporation&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ppc#NASDAQ">PPC</a>) to fetch handsome long-term rewards.
<h3>The Winning Strategy</h3>
We have set&nbsp; Earnings Yield greater than 10%&nbsp;as our primary screening criterion but it alone cannot be used for picking stocks that have the potential to generate solid returns. So, we have added the following parameters to the screen:
Estimated EPS growth for the next 12 months greater than or equal to the S&amp;P 500: This metric compares the 12-month forward EPS estimate with the 12-month actual EPS.
Average Daily Volume (20 Day) greater than or equal to 100,000: High trading volume implies that a stock has adequate liquidity.
Current Price greater than or equal to $5.
Buy-Rated Stocks: Stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have been known to outperform peers in any type of market environment.
<h3>Our Picks</h3>
Here we discuss four of the 26 stocks that qualified the screen:
StoneCo: Based in Brazil, this financial technology solutions provider offers an end-to-end cloud-based technology platform to conduct electronic commerce across in-store, online and mobile channels. The Zacks Consensus Estimate for STNE&#39;s 2024 and 2025 earnings implies year-over-year growth of 34% and 11.5%, respectively. Estimates for 2024 and 2025 earnings per share have moved up by 11 cents and 19 cents, respectively, over the past 30 days. StoneCo currently sports a Zacks Rank #1 and has a Value Score of B.&nbsp;
HCI Group: Headquartered in Florida, the company is engaged in diverse business activities, including property and casualty insurance, information technology, real estate and reinsurance. The Zacks Consensus Estimate for HCI&#39;s 2024 and 2025 earnings implies year-over-year growth of 39% and 13%, respectively. Estimates for 2024 and 2025 earnings per share have moved up by 10 cents and 27 cents, respectively, over the past 30 days. HCI Group currently sports a Zacks Rank #1 and has a Value Score of B.&nbsp;
Seanergy: Headquartered in Greece, the company provides marine dry bulk transportation services through a modern fleet of Capesize vessels. Its operating fleet consists of 17 vessels. The Zacks Consensus Estimate for SHIP&#39;s 2024 and 2025 earnings implies year-over-year growth of 103% and 27%, respectively. Estimates for 2024 and 2025 earnings per share have moved up by 59 cents and $1.05, respectively, over the past 30 days. Seanergy currently sports a Zacks Rank #1 and has a Value Score of A.&nbsp;
Pilgrim&#39;s Pride: Based in Colorado, Pilgrim&#39;s Pride&nbsp;is engaged in the processing, production, marketing and distribution of frozen, fresh as well as value-added chicken products.&nbsp;The Zacks Consensus Estimate for PPC&#39;s 2024 and 2025 earnings implies year-over-year growth of 78% and 2.7%, respectively. Estimates for 2024 and 2025 earnings per share have moved up by 4 cents each over the past seven days. Pilgrim&#39;s Pride currently sports a Zacks Rank #1 and has a Value Score of A.&nbsp;
You can get the rest of the stocks on this list by signing up now for a 2-week free trial to the Research Wizard stock picking and backtesting software. You can also create your own strategies and test them first before making investments.
The Research Wizard is a great place to begin. It&#39;s easy to use. Everything is in plain language. And it&#39;s very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Disclosure:&nbsp;Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
<a href="https://www.zacks.com/stock/news/2256549/4-high-earnings-yield-stocks-to-buy-amid-market-uncertainty?cid=CS-BENZ-FT-analyst_blog|rw-2256549">To read this article on Zacks.com click here.</a>

Prudential Financial, Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pru#NYSE">PRU</a>) shares have rallied 25.9% in a year compared with the industry&#39;s growth of 14.7%. The Finance sector and the Zacks S&amp;P 500 composite have risen 17.4% and 24.1%, respectively, in the same time frame.
With a market capitalization of $39.42 billion, the average volume of shares traded in the last three months was 1.56 million.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/be/64995.jpg?v=321114718" /> 
Image Source: Zacks Investment Research
The rally was largely driven by the growing pension risk transfer (PRT) market, higher emerging markets earnings, expanding distribution, product offerings, improved spread income, strategic acquisitions and a solid financial position. 
The Zacks Consensus Estimate for 2024 and 2025 earnings has moved 0.07% and 0.2% north, respectively, in the past seven days, reflecting analysts&#39; optimism on the stock.
<h3>Will the Bull Run Continue?</h3>
The Zacks Consensus Estimate for PRU&#39;s 2024 earnings per share indicates a year-over-year increase of 15.3% from the consensus estimate of 2023. The consensus estimate for revenues is pegged at $55.57 billion, implying a year-over-year improvement of 9.1% from the consensus mark of 2023. 
The consensus estimate for 2025 earnings per share indicates a year-over-year increase of 8.3% from the consensus estimate of 2024. The consensus estimate for 2025 revenues is pinned at $57.19 billion, implying a year-over-year improvement of 2.9% from the consensus mark of 2024. 
In 2023, Prudential Financial&#39;s return on equity of 16% expanded 120 basis points year over year. This shows the company&#39;s efficiency in managing shareholders&#39; funds. 
This Zacks Rank #3 (Hold) multi-line insurer&#39;s International businesses are expected to gain from higher emerging markets earnings, a favorable impact from annual assumption update and other refinements. It aims at providing high-quality service and expanding distribution and product offerings via a differentiated multi-channel distribution model as well as other businesses. 
The U.S. businesses should continue to gain from a favorable and comparable impact from annual assumption update, higher spread income and more favorable underwriting. 
Prudential Financial has been a leader in the PRT market, helping companies reduce risks related to pension liabilities, such as interest rate risk, earnings volatility and participant longevity. PRU recently announced that it has been selected for a PRT transaction from Verizon Communications Inc. This move bodes well for the insurer&#39;s Retirement Strategies business, whose market is expected to grow over time. 
The multi-line insurer continues to invest in partnerships that enable it to grow in emerging markets. PRU undertakes several strategic initiatives, which poise it well for long-term growth. It continues to invest in the long-term sustainable growth of the business through programmatic acquisitions and partnerships in emerging markets to build scale and complement businesses in support of long-term growth. 
Prudential Financial boasts a sturdy balance sheet strength that includes highly liquid assets of $4.5 billion as of Dec 31, 2023 and a capital position that continues to support an AA financial strength rating. The company continues to balance investments in the growth of businesses with returning capital to shareholders. 
The multi-line insurer has been increasing its dividend for the past 15 years. Its dividend yield of 4.7% compares favorably with the industry&#39;s figure of 2.6%. In the first quarter of 2024, the board also authorized a 4% dividend increase, which represents the 16th consecutive annual dividend increase.
<h3>Stocks to Consider</h3>
Some better-ranked stocks from the insurance industry are HCI Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hci#NYSE">HCI</a>), Palomar Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plmr#NASDAQ">PLMR</a>) and Mercury General Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcy#NYSE">MCY</a>), each sporting a Zacks Rank #1 (Strong Buy) at present. 
HCI Group has a solid track record of beating earnings estimates in each of the trailing four quarters, the average being 522.51%. In the past year, shares of HCI have surged 114.4%. 
The Zacks Consensus Estimate for HCI&#39;s 2024 and 2025 earnings implies year-over-year growth of 37.9% and 11.6%, respectively, from the consensus estimate of the corresponding years. 
Palomar Holdings has a solid track record of beating earnings estimates in each of the trailing four quarters, the average being 11.12%. In the past year, shares of PLMR have soared 38.6%. 
The Zacks Consensus Estimate for PLMR&#39;s 2024 and 2025 earnings implies year-over-year growth of 16.2% and 18%, respectively, from the consensus estimate of the corresponding years. 
Mercury General has a solid track record of beating earnings estimates in three of the trailing four quarters and missed in one, the average being 3,417.48%. In the past year, shares of MCY have rallied 68.4%. 
The Zacks Consensus Estimate for MCY&#39;s 2024 and 2025 earnings implies year-over-year growth of 866.67% and 34.48%, respectively, from the consensus estimate of the corresponding years.
<a href="https://www.zacks.com/stock/news/2255026/prudential-financial-pru-up-25-9-in-a-year-more-room-to-run?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2255026">To read this article on Zacks.com click here.</a>

JMP Securities analyst Matthew Carletti reiterates HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) with a Market Outperform and maintains $120 price target.

Price Target

Reiteration

Analyst Ratings

JMP Securities Reiterates Market Outperform on HCI Group, Maintains $120 Price Target

Although U.S. stocks closed lower on Wednesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>HCI Group </h3>
<ul>
<li>The Trade: HCI Group Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hci#NYSE">HCI</a>) CEO Paresh Patel <a href="https://www.benzinga.com/quote/HCI/analyst-ratings"> acquired a total of 1,000 shares </a> an average price of $114.90. To acquire these shares, it cost around $114,900.</li>
<li>What&rsquo;s Happening: Oppenheimer analyst Michael Phillips maintained HCI Group with an Outperform and maintained a $140 price target.</li>
<li>What HCI Group Does: HCI Group Inc is engaged in the property and casualty insurance business through two Florida domiciled insurance companies, Homeowners Choice Property &amp; Casualty Insurance Company (HCPCI) and TypTap Insurance Company (TypTap).</li>
</ul>
<h3>America&#39;s Car-Mart </h3>
<ul>
<li>The Trade: America&#39;s Car-Mart, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crmt#NASDAQ">CRMT</a>) President and CEO Douglas W.. Campbell Jr acquired a total of 3,229 shares at an average price of</li>
<li>$61.62. To acquire these shares, it cost around $198,985.</li>
<li>What&rsquo;s Happening: On April 10, B of A Securities analyst John Murphy maintained America&#39;s Car-Mart with an Underperform and lowered the price target from $55 to $50.</li>
<li>What America&#39;s Car-Mart Does: America&#39;s Car-Mart Inc is an automotive retailer in us focused exclusively on the Integrated Auto Sales and Finance segment of the used car market.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Entrada Therapeutics </h3>
<ul>
<li>The Trade: Entrada Therapeutics Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trda#NASDAQ">TRDA</a>) Director Peter S Kim <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 2,600 shares </a> at an average price of $13.57. To acquire these shares, it cost around $35,290.</li>
<li>What&rsquo;s Happening: On March 13, Entrada Therapeutics posted upbeat quarterly sales.</li>
<li>What Entrada Therapeutics Does: Entrada Therapeutics Inc clinical-stage biopharmaceutical company aiming to transform the lives of patients by establishing a new class of medicines that engage intracellular targets that have long been considered inaccessible.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38176505/jim-cramer-says-wesco-international-is-a-buy-recommends-buying-this-stock-under-20"> Jim Cramer Says WESCO International Is A Buy, Recommends Buying This Stock Under $20 </a>

Insiders Buying America's Car-Mart And 2 Other Stocks

Across the recent three months, 6 analysts have shared their insights on HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for HCI Group, revealing an average target of $127.67, a high estimate of $140.00, and a low estimate of $112.00. Surpassing the previous average price target of $109.60, the current average has increased by 16.49%.
<img src="https://www.benzinga.com/files/images/story/2024/1712347231_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The analysis of recent analyst actions sheds light on the perception of HCI Group by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Phillips</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$140.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Michael Phillips</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$140.00</td>
<td>-</td>
</tr>
<tr>
<td>Casey Alexander</td>
<td>Compass Point</td>
<td>Raises</td>
<td>Buy</td>
<td>$124.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$130.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Matthew Carletti</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Outperform</td>
<td>$120.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$112.00</td>
<td>$96.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to HCI Group. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of HCI Group compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of HCI Group's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into HCI Group's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/HCI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on HCI Group analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering HCI Group: A Closer Look</h2>
HCI Group Inc is engaged in the property and casualty insurance business through two Florida domiciled insurance companies, Homeowners Choice Property &amp; Casualty Insurance Company (HCPCI) and TypTap Insurance Company (TypTap). Both HCPCI and TypTap are authorized to underwrite various homeowners' property and casualty insurance products and allied lines business in the state of Florida and other states. The operating segments of the group are HCPCI insurance operations, TypTap Group, Real estate operations, and Corporate and other. It derives key revenue from the HCPCI Insurance operation segment.
<h3>HCI Group: Financial Performance Dissected</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Over the 3 months period, HCI Group showcased positive performance, achieving a revenue growth rate of 40.31% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: HCI Group's net margin is impressive, surpassing industry averages. With a net margin of 22.66%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): HCI Group's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 14.05% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): HCI Group's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.09% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: HCI Group's debt-to-equity ratio surpasses industry norms, standing at 0.65. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Demystifying HCI Group: Insights From 6 Analyst Reviews

Oppenheimer analyst Michael Phillips maintains HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) with a Outperform and maintains $140 price target.

Oppenheimer Maintains Outperform on HCI Group, Maintains $140 Price Target

Oppenheimer analyst Michael Phillips reiterates HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) with a Outperform and maintains $140 price target.

Oppenheimer Reiterates Outperform on HCI Group, Maintains $140 Price Target

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) shares rose 3.32% to $3.94 during Thursday's regular session. Kingstone Companies's stock is trading at a volume of 23.7K shares as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $41.7 million. </li>
<li>Tian Ruixiang Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIRX#NASDAQ">TIRX</a>) stock increased by 2.49% to $0.55. As of 13:40 EST, Tian Ruixiang Holdings's stock is trading at a volume of 26.3K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.7 million. </li>
<li>Reliance Global Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) shares moved upwards by 1.92% to $0.37. Trading volume for this security as of 13:40 EST is 34.3K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.8 million. </li>
<li>Crawford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) stock rose 1.49% to $8.14. The current volume of 100.6K shares is 0% of Crawford's average full-day volume over the last 100 days (last updated at 13:40 EST). The market value of their outstanding shares is at 400342090. </li>
<li>Crawford (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) shares increased by 1.02% to $7.89. Trading volume for this security as of 13:40 EST is 6.1K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at 388046571. </li>
<li>Kingsway Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KFS#NYSE">KFS</a>) stock increased by 0.82% to $8.6. Kingsway Financial Servs's stock is trading at a volume of 2.6K shares as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $239.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Hippo Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) shares decreased by 6.03% to $17.71 during Thursday's regular session. Trading volume for this security as of 13:40 EST is 87.4K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $458.2 million. </li>
<li>Hamilton Insurance Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HG#NYSE">HG</a>) shares declined by 5.45% to $13.29. As of 13:40 EST, Hamilton Insurance Group's stock is trading at a volume of 178.6K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.5 billion. </li>
<li>James River Gr Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JRVR#NASDAQ">JRVR</a>) shares decreased by 5.32% to $6.41. The current volume of 488.2K shares is 0% of James River Gr Hldgs's average full-day volume over the last 100 days (last updated at 13:40 EST). The company's market cap stands at $259.1 million. </li>
<li>Lemonade (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) shares decreased by 4.24% to $16.5. Trading volume for Lemonade's stock is 909.4K as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.2 billion. </li>
<li>Maiden Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MHLD#NASDAQ">MHLD</a>) stock declined by 4.23% to $1.36. Maiden Hldgs's stock is trading at a volume of 60.2K shares as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $142.6 million. As per the news, the Q4 earnings report came out 2 days ago. </li>
<li>HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) shares declined by 3.76% to $110.5. Trading volume for this security as of 13:40 EST is 90.5K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.1 billion. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

HIPO

JRVR

KINS

LMND

MHLD

RELI

TIRX

Insurance Stocks Moving In Thursday's Intraday Session

HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for HCI Group, presenting an average target of $121.5, a high estimate of $130.00, and a low estimate of $112.00. Witnessing a positive shift, the current average has risen by 19.12% from the previous average price target of $102.00.
<img src="https://www.benzinga.com/files/images/story/2024/1710342071_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A clear picture of HCI Group's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Casey Alexander</td>
<td>Compass Point</td>
<td>Raises</td>
<td>Buy</td>
<td>$124.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$130.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Matthew Carletti</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Outperform</td>
<td>$120.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$112.00</td>
<td>$96.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to HCI Group. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of HCI Group compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for HCI Group's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into HCI Group's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/HCI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on HCI Group analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering HCI Group: A Closer Look</h2>
HCI Group Inc is engaged in the property and casualty insurance business through two Florida domiciled insurance companies, Homeowners Choice Property &amp; Casualty Insurance Company (HCPCI) and TypTap Insurance Company (TypTap). Both HCPCI and TypTap are authorized to underwrite various homeowners' property and casualty insurance products and allied lines business in the state of Florida and other states. The operating segments of the group are HCPCI insurance operations, TypTap Group, Real estate operations, and Corporate and other. It derives key revenue from the HCPCI Insurance operation segment.
<h3>HCI Group: A Financial Overview</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, HCI Group showcased positive performance, achieving a revenue growth rate of 40.31% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: HCI Group's net margin is impressive, surpassing industry averages. With a net margin of 22.66%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): HCI Group's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 14.05%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): HCI Group's ROA excels beyond industry benchmarks, reaching 2.09%. This signifies efficient management of assets and strong financial health.
Debt Management: HCI Group's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.65, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Analyst Ratings: What Are They?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down HCI Group: 4 Analysts Share Their Views

Compass Point analyst Casey Alexander maintains HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) with a Buy and raises the price target from $90 to $124.

Compass Point Maintains Buy on HCI Group, Raises Price Target to $124

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. 
<h3>Gainers</h3>
<ul>
<li>Huize Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUIZ#NASDAQ">HUIZ</a>) shares rose 15.85% to $0.76 during Tuesday's regular session. Huize Holding's stock is trading at a volume of 86.0K shares as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $33.2 million. </li>
<li>Marpai (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) stock rose 12.27% to $2.2. As of 13:40 EST, Marpai's stock is trading at a volume of 639.4K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $20.6 million. </li>
<li>Universal Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) stock increased by 7.11% to $21.0. Trading volume for this security as of 13:40 EST is 223.0K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $567.7 million. </li>
<li>Fanhua (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANH#NASDAQ">FANH</a>) stock rose 5.1% to $5.79. Trading volume for Fanhua's stock is 159.2K as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $339.8 million. </li>
<li>Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) shares moved upwards by 4.9% to $3.9. Trading volume for this security as of 13:40 EST is 21.1K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $41.7 million. </li>
<li>American Coastal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NASDAQ">ACIC</a>) shares rose 3.76% to $10.48. Trading volume for this security as of 13:40 EST is 252.1K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $467.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Lemonade (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) shares fell 3.46% to $16.79 during Tuesday's regular session. As of 13:40 EST, Lemonade's stock is trading at a volume of 1.1 million, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.2 billion. </li>
<li>Hippo Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) shares decreased by 2.51% to $17.93. Trading volume for Hippo Holdings's stock is 39.0K as of 13:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $447.0 million. As per the press release, Q4 earnings came out 4 days ago. </li>
<li>HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) shares fell 1.87% to $110.49. As of 13:40 EST, HCI Group's stock is trading at a volume of 113.0K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.1 billion. As per the news, the Q4 earnings report came out 3 days ago. </li>
<li>Root (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) shares decreased by 1.86% to $41.86. As of 13:40 EST, Root's stock is trading at a volume of 515.5K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $625.7 million. </li>
<li>United Fire Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFCS#NASDAQ">UFCS</a>) shares fell 1.82% to $22.16. The current volume of 20.0K shares is 0% of United Fire Gr's average full-day volume over the last 100 days (last updated at 13:40 EST). The company's market cap stands at $570.5 million. </li>
<li>ProAssurance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRA#NYSE">PRA</a>) stock decreased by 1.76% to $12.05. Trading volume for this security as of 13:40 EST is 61.4K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $625.4 million. </li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ACIC

FANH

HUIZ

MRAI

ROOT

UFCS

Insurance Stocks Moving In Tuesday's Intraday Session

Truist Securities analyst Mark Hughes maintains HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) with a Buy and raises the price target from $112 to $130.

Truist Securities Maintains Buy on HCI Group, Raises Price Target to $130

Shares of Marvell Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrvl#NASDAQ">MRVL</a>) fell sharply during Friday&rsquo;s session after the company reported fourth-quarter financial results and issued weak Q1 guidance.
Marvell said fourth-quarter revenue increased 1% year-over-year to $1.427 billion, which beat the consensus estimate of $1.42 billion. The chip designer reported quarterly earnings of 46 cents per share, which was in line with analyst estimates.
Marvell sees first-quarter revenue of $1.15 billion, plus or minus 5%, versus estimates of $1.371 billion. The company sees first-quarter adjusted earnings of 23 cents per share, plus or minus 5 cents per share, versus estimates of 40 cents per share. The company authorized a $3 billion buyback.
Marvell Technology shares dipped 9.6% to $76.91 on Friday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
Ainos, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aimd#NASDAQ">AIMD</a>) jumped 140% to $2.6899 after dipping 18% on Thursday.
Psyence Biomedical Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pbm#NASDAQ">PBM</a>) shares climbed 139% to $3.0350. Psyence Biomedical recently announced its subsidiary, Psyence Australia, received Human Research Ethics Committee approval to initiate its Phase IIb study.
Safe and Green Development Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgd#NASDAQ">SGD</a>) shares jumped 138% to $1.57 after the company announced financing for the Norman Berry Expansion in Atlanta, Georgia.
MIRA Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mira#NASDAQ">MIRA</a>) shares climbed 48.5% to $1.36. MIRA Pharmaceuticals, last month, announced a research collaboration with Pharmaseed to research and evaluate Ketamir for patients with major depressive disorder and post-traumatic stress disorder.
CERo Therapeutics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cero#NASDAQ">CERO</a>) shares climbed 35.4% to $4.17 after surging over 20% on Thursday. CERo Therapeutics recently announced the publication of preclinical research analyzing CER-1236 in targeting Acute Myelogenous Leukemia tumor cells from human patients.
Willdan Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wldn#NASDAQ">WLDN</a>) gained 30.4% to $25.89 after the company reported better-than-expected fourth-quarter financial results and issued FY24 guidance above estimates. Also, the company secured a contract worth approximately $30 million to $50 million over three years.
The Joint Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jynt#NASDAQ">JYNT</a>) gained 29% to $11.80 following fourth-quarter results.
Smith &amp; Wesson Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/swbi#NASDAQ">SWBI</a>) jumped 25.8% to $16.91 after the company reported better-than-expected third-quarter financial results.
Research Frontiers Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/refr#NASDAQ">REFR</a>) climbed 25.6% to $1.42 following fourth-quarter results.
Gulf Island Fabrication, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gifi#NASDAQ">GIFI</a>) shares gained 24.1% to $6.43 after the company reported a year-over-year increase in fourth-quarter revenue results.
Grifols, S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grfs#NASDAQ">GRFS</a>) gained 22.7% to $6.89 after the company announced it published its consolidated annual accounts for 2023.
DoubleDown Interactive Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ddi#NASDAQ">DDI</a>) gained 21.6% to $14.25.
Dogness (International) Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dogz#NASDAQ">DOGZ</a>) gained 18.6% to $7.98.
Kidpik Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pik#NASDAQ">PIK</a>) gained 18.3% to $3.0177.
America&#39;s Car-Mart, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crmt#NASDAQ">CRMT</a>) jumped 16.5% to $72.56 following third-quarter results.
Porch Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prch#NASDAQ">PRCH</a>) rose 16.1% to $3.6099 after the company reported better-than-expected fourth-quarter financial results and issued FY24 guidance.
Samsara Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iot#NYSE">IOT</a>) gained 14.3% to $39.28 after the company reported better-than-expected fourth-quarter financial results and issued FY25 guidance above estimates.
Viracta Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/virx#NASDAQ">VIRX</a>) shares gained 13.5% to $0.9200 following fourth-quarter results.
Aeva Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aeva#NASDAQ">AEVA</a>) rose 12.6% to $1.34.
Adaptimmune Therapeutics plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adap#NASDAQ">ADAP</a>) gained 12.1% to $1.95. Adaptimmune Therapeutics recently reported better-than-expected quarterly EPS results.
HCI Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hci#NYSE">HCI</a>) gained 11.3% to $110.42 after the company reported better-than-expected fourth-quarter financial results.
NuScale Power Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smr#NYSE">SMR</a>) jumped 10.5% to $4.9289.
Redfin Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rdfn#NASDAQ">RDFN</a>) jumped 9.6% to $7.10.
reAlpha Tech Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aire#NASDAQ">AIRE</a>) rose 8.8% to $1.3599. reAlpha Tech, last month, appointed Michael Frenz as CFO and Mike Logozzo as President and COO.
Carnival Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccl#NYSE">CCL</a>) gained 5% to $16.44.
<h3>Losers</h3>
Amylyx Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amlx#NASDAQ">AMLX</a>) shares fell 80.7% to $3.6596 after the company announced its PHOENIX phase 3 trial of AMX0035 for amyotrophic lateral sclerosis did not meet its primary endpoint and there was no statistical significance seen in secondary endpoints.
BigBear.ai Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bbai#NYSE">BBAI</a>) fell 30.8% to $2.6006 after the company reported worse-than-expected fourth-quarter financial results.
Next.e.GO N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/egox#NASDAQ">EGOX</a>) tumbled 28.6% to $0.0819.
Critical Metals Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crml#NASDAQ">CRML</a>) fell 27.7% to $7.95.
Swvl Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/swvl#NASDAQ">SWVL</a>) fell 26.3% to $5.45.
Immuron Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/imrn#NASDAQ">IMRN</a>) shares dipped 24.7% to $3.4250 after jumping 161% on Thursday.
AerSale Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asle#NASDAQ">ASLE</a>) fell 24.4% to $7.11 after the company reported worse-than-expected fourth-quarter financial results.
CarParts.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prts#NASDAQ">PRTS</a>) fell 24.3% to $1.8999 following fourth-quarter results.
Mobix Labs, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mobx#NASDAQ">MOBX</a>) fell 20.1% to $1.39.
Nxu, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nxu#NASDAQ">NXU</a>) fell 19% to $0.8001 after surging 28% on Thursday. Nxu recently announced it successfully charged a Tesla Cybertruck.
Brera Holdings PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brea#NASDAQ">BREA</a>) shares fell 16.9% to $1.62. Brera Holdings shares jumped 91% on Thursday after the company announced that its Executive Chairman, Daniel McClory, acquired a majority stake in the company. 
Custom Truck One Source, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ctos#NYSE">CTOS</a>) dipped 15.3% to $5.26 after the company reported mixed quarterly financial results.
Nexalin Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nxl#NASDAQ">NXL</a>) fell 15.1% to $0.4627. Nexalin Technology recently announced results of a clinical study of its Gen-2 tACS device for the treatment of chronic insomnia.
Runway Growth Finance Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rway#NASDAQ">RWAY</a>) fell 13.5% to $11.68 following downbeat quarterly results.
Domo, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/domo#NASDAQ">DOMO</a>) fell 12.7% to $9.92 after the company issued soft first-quarter and FY25 guidance.
MediaAlpha, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/max#NYSE">MAX</a>) declined 12.4% to $19.05 after the company announced a secondary offering of 3 million shares.
Genesco Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gco#NYSE">GCO</a>) fell 11.7% to $25.84 after the company&#39;s reported a fourth-quarter EPS miss and issued weak FY25 guidance.
Delek Logistics Partners, LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dkl#NYSE">DKL</a>) fell 11.3% to $39.51 after the company priced a public offering of 3,116,884 common units at $38.50 per unit.
Grom Social Enterprises, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grom#NASDAQ">GROM</a>) fell 11% to $1.13 after jumping 65% on Thursday. The company announced that it entered into a non-binding letter of intent to acquire Arctic7.
Traeger, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cook#NYSE">COOK</a>) fell 10.5% to $2.11 after the company reported worse-than-expected fourth-quarter adjusted EPS results and issued FY24 revenue guidance below estimates.
Aquestive Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aqst#NASDAQ">AQST</a>) dipped 10% to $5.11 following fourth-quarter results.
Petr&oacute;leo Brasileiro S.A. - Petrobras (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pbr#NYSE">PBR</a>) shares fell 9.6% to $15.10 as the company reported a 6.3% year-over-year decline in its fourth-quarter net recurring profit.
Costco Wholesale Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) fell 7.5% to $727.08 following mixed second-quarter results.
MongoDB, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdb#NASDAQ">MDB</a>) declined 6.4% to $385.82 after the company issued weak FY25 guidance.
Icahn Enterprises L.P. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iep#NASDAQ">IEP</a>) fell 4.7% to $17.85.
RadNet, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rdnt#NASDAQ">RDNT</a>) dipped 4.1% to $46.54. RadNet priced its public offering of 4.55 million common stock at $44 per share.
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Why Marvell Technology Shares Are Trading Lower By 10%? Here Are Other Stocks Moving In Friday's Mid-Day Session

U.S. stocks were higher, with the Dow Jones index gaining more than 100 points on Friday.
Shares of Smith &amp; Wesson Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/swbi#NASDAQ">SWBI</a>) rose sharply during Friday&rsquo;s session after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/03/37559530/why-firearm-maker-smith-wessons-shares-are-shooting-higher-today">third-quarter financial results</a>.
The company recorded sales growth of 6.5% year-on-year to $137.5 million, beating the analyst consensus estimate of $133.55 million. Adjusted EPS of $0.19 beat the consensus estimate of $0.10.
Smith &amp; Wesson Brands shares surged 25.8% to $16.91 on Friday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>Willdan Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wldn#NASDAQ">WLDN</a>) jumped 30.4% to $25.89 after the company reported better-than-expected fourth-quarter financial results and issued FY24 guidance above estimates. Also, the company secured a contract worth approximately $30 million to $50 million over three years.</li>
<li>Gulf Island Fabrication, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gifi#NASDAQ">GIFI</a>) shares rose 24.1% to $6.43 after the company reported a year-over-year increase in fourth-quarter revenue results.</li>
<li>Grifols, S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grfs#NASDAQ">GRFS</a>) climbed 22.7% to $6.89 after the company announced it published its consolidated annual accounts for 2023.</li>
<li>DoubleDown Interactive Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ddi#NASDAQ">DDI</a>) climbed 21.6% to $14.25.</li>
<li>America&#39;s Car-Mart, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crmt#NASDAQ">CRMT</a>) rose 16.5% to $72.56 following third-quarter results.</li>
<li>Porch Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prch#NASDAQ">PRCH</a>) gained 16.1% to $3.6099 after the company reported better-than-expected fourth-quarter financial results and issued FY24 guidance.</li>
<li>Samsara Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iot#NYSE">IOT</a>) climbed 14.3% to $39.28 after the company reported better-than-expected fourth-quarter financial results and issued FY25 guidance above estimates.</li>
<li>PureCycle Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pct#NASDAQ">PCT</a>) gained 12.7% to $5.75.</li>
<li>Carvana Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvna#NYSE">CVNA</a>) gained 12.2% to $89.19 after RBC Capital upgraded the stock from Underperform to Sector Perform and raised its price target from $45 to $90.</li>
<li>Adaptimmune Therapeutics plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adap#NASDAQ">ADAP</a>) rose 12.1% to $1.95. Adaptimmune Therapeutics recently reported better-than-expected quarterly EPS results.</li>
<li>Ventyx Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtyx#NASDAQ">VTYX</a>) gained 11.6% to $11.31. Ventyx Biosciences recently announced a $100 million private placement of common stock.</li>
<li>CleanSpark, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>) gained 11.6% to $19.88.</li>
<li>HCI Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hci#NYSE">HCI</a>) climbed 11.3% to $110.42 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Marathon Digital Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mara#NASDAQ">MARA</a>) rose 10.5% to $24.10.</li>
<li>Valneva SE (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/valn#NASDAQ">VALN</a>) gained 10.2% to $7.58.</li>
<li>Redfin Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rdfn#NASDAQ">RDFN</a>) gained 9.6% to $7.10.</li>
<li>Plug Power Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plug#NASDAQ">PLUG</a>) rose 8.5% to $4.2350.</li>
<li>Affirm Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/afrm#NASDAQ">AFRM</a>) climbed 8.4% to $39.65.</li>
<li>Upstart Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/upst#NASDAQ">UPST</a>) climbed 8.2% to $28.53.</li>
<li>Riot Platforms, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/riot#NASDAQ">RIOT</a>) gained 6.8% to $12.79.</li>
<li>Snap Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/snap#NYSE">SNAP</a>) rose 6% to $12.56 after the House Energy and Commerce Committee unanimously approved a bill that that would force ByteDance to divest TikTok.</li>
<li>Carnival Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccl#NYSE">CCL</a>) rose 5% to $16.44.</li>
</ul>
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Smith & Wesson Brands Reports Upbeat Earnings, Joins America's Car-Mart, HCI Group And Other Big Stocks Moving Higher On Friday

William Blair analyst Adam Klauber upgrades HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) from Market Perform to Outperform.

Upgrades

William Blair Upgrades HCI Group to Outperform

WIIM

HCI Group shares are trading higher after the company reported better-than-expected Q4 financial results.

JMP Securities analyst Matthew Carletti maintains HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) with a Outperform and raises the price target from $110 to $120.

JMP Securities Maintains Outperform on HCI Group, Raises Price Target to $120

HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) reported its Q4 earnings results on Thursday, March 7, 2024 at 04:15 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
HCI Group beat estimated earnings by 128.0%, reporting an EPS of $3.22 versus an estimate of $1.41.
Revenue was up $42.73 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $1.19 which was followed by a 22.0% increase in the share price the next day.
Here's a look at HCI Group's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.22</td>
<td>0.40</td>
<td>0.09</td>
<td>-0.51</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.41</td>
<td>1.22</td>
<td>1.50</td>
<td>0.06</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>124.25M</td>
<td>122.61M</td>
<td>121.13M</td>
<td>120.40M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>131.64M</td>
<td>127.33M</td>
<td>129.03M</td>
<td>119.94M</td>
</tr>
</tbody>
</table>

To track all earnings releases for HCI Group <a href="https://www.benzinga.com/quote/HCI/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Recap: HCI Group Q4 Earnings

HCI Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) reported quarterly earnings of $3.220 per share which beat the analyst consensus estimate of $1.410 by 128.37 percent. The company reported quarterly sales of $162.670 million which beat the analyst consensus estimate of $145.440 million by 11.85 percent. This is a 35.62 percent increase over sales of $119.943 million the same period last year.

Earnings Beats

HCI Group Q4 2023 Adj EPS $3.220 Beats $1.410 Estimate, Sales $162.670M Beat $145.440M Estimate

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HCI Group stock climbs 9.9% after strong Q4, William Blair upgrade

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HCI Group (HCI – Research Report) received a Buy rating and price target from Truist Financial analyst Mark Hughes today. The company's shares clos...

Truist Financial Initiates a Buy Rating on HCI Group (HCI)

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Oppenheimer Reaffirms Their Buy Rating on HCI Group (HCI)

Bernzott Capital Advisors U.S. Small Cap Value Fund Q1 2024 Commentary

HCI Group announces five-year employment agreement with CEO

HCI Group Inc (HCI) has provided an announcement. Paresh Patel, the CEO, has signed a five-year Executive Employment Agreement, maintaining his bas...

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Press Releases

General

Condo Owners Reciprocal Exchange, an HCI Group Sponsored Insurer, Secures 'A', Exceptional Rating From Demotech

HCI Group to Redeem 4.25% Convertible Senior Notes

HCI Group Takes Strategic Steps to Better Position Company for Future Opportunities

Dividends

HCI Group Declares Quarterly Cash Dividend

HCI Group Sets Fourth Quarter and Full Year 2023 Earnings Call for Thursday, March 7 at 4:45 p.m. ET

Superior Group of Companies Expands Board of Directors

HCI Group Reports Fourth Quarter and Full Year 2023 Results

HCI Group Sets 2024 Annual Shareholders Meeting and Record Date

HCI Group Sets First Quarter 2024 Earnings Call for Wednesday, May 8, 2024, at 4:45 p.m. ET