HCI Group price target raised to $210 from $165 at Citizens JMP

Citizens JMP raised the firm’s price target on HCI Group (HCI) to $210 from $165 and keeps an Outperform rating on the shares. HCI reported better-than-expected results for Q1, with plans to pursue a tax-free spinoff of Exzeo, the analyst tells investors in a research note. As the business has scaled and profitability has improved, the volatility from storm activity has been substantially reduced, the firm says.