Hilltop Holdings (NYSE: HTH) was downgraded by Zacks Investment Research from an “outperform” rating to a “neutral” rating in a research note issued on Monday. They currently have a $9.00 price target on the stock.
Hilltop Holdings Inc (Hilltop), formerly Affordable Residential Communities Inc. is a holding company. The Company provides fire and homeowners insurance to low value dwellings and manufactured homes in Texas and other areas of the south, southeastern and southwestern United States through its wholly owned property and casualty insurance holding company, NLASCO, Inc. (NLASCO). NLASCO operates through its wholly owned subsidiaries, National Lloyds Insurance Company (NLIC), and American Summit Insurance Company (ASIC). NLASCO provides insurance products in the personal line and the commercial line markets. The personal lines include homeowners, dwelling fire, manufactured home, flood and vacant policies. The commercial lines include commercial, builders risk, builders risk renovation, sports liability and inland marine policies.
Hilltop Holdings traded down 0.81% on Monday, hitting $8.57. Hilltop Holdings has a 1-year low of $6.88 and a 1-year high of $10.12. The stock has a 50-day moving average of $8.48 and a 200-day moving average of $8.08. The company’s market cap is $484.2 million.