JMP Securities raised the firm’s price target on HCI Group to $120 from $110 and keeps an Outperform rating on the shares. HCI reported much better-than-expected Q4 results, as recent Florida reforms are significantly improving loss ratios, with more likely to come, the analyst tells investors in a research note.
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Read More on HCI:
- HCI Group Reports Fourth Quarter and Full Year 2023 Results
- Hci Group, Inc. (HCI) Q4 Earnings Cheat Sheet
- HCI Group Sets Fourth Quarter and Full Year 2023 Earnings Call for Thursday, March 7 at 4:45 p.m. ET
- HCI Group Enhances Capital Flexibility and Growth Potential
- HCI Group Declares Quarterly Cash Dividend
