HCI Group, Inc. (NYSE:HCI) CFO Sells $2,342,400.00 in Stock

HCI Group, Inc. (NYSE:HCIGet Free Report) CFO James Mark Harmsworth sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $117.12, for a total value of $2,342,400.00. Following the transaction, the chief financial officer now owns 15,420 shares of the company’s stock, valued at approximately $1,805,990.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

HCI Group Stock Up 0.5 %

HCI opened at $116.08 on Friday. HCI Group, Inc. has a one year low of $48.08 and a one year high of $121.57. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.62 and a current ratio of 0.62. The stock’s fifty day moving average is $101.20 and its 200-day moving average is $82.82. The company has a market capitalization of $1.16 billion, a PE ratio of 15.35 and a beta of 1.12.

HCI Group (NYSE:HCIGet Free Report) last posted its quarterly earnings data on Thursday, March 7th. The insurance provider reported $3.22 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $1.81. HCI Group had a return on equity of 36.40% and a net margin of 14.35%. The company had revenue of $162.67 million for the quarter, compared to the consensus estimate of $146.09 million. During the same quarter in the previous year, the business earned $0.06 EPS. On average, equities analysts predict that HCI Group, Inc. will post 10.22 EPS for the current fiscal year.

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 16th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, February 15th. HCI Group’s dividend payout ratio is presently 21.16%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HCI shares. Compass Point boosted their price target on HCI Group from $90.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. William Blair upgraded HCI Group from a “market perform” rating to an “outperform” rating in a research report on Friday, March 8th. Oppenheimer reiterated an “outperform” rating and set a $140.00 price target on shares of HCI Group in a research report on Wednesday. Finally, Truist Financial boosted their price target on HCI Group from $96.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.33.

Get Our Latest Stock Report on HCI Group

Institutional Trading of HCI Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC raised its stake in shares of HCI Group by 80.7% in the 1st quarter. FMR LLC now owns 468 shares of the insurance provider’s stock worth $25,000 after buying an additional 209 shares in the last quarter. Legal & General Group Plc raised its stake in shares of HCI Group by 1.3% in the 2nd quarter. Legal & General Group Plc now owns 19,503 shares of the insurance provider’s stock worth $1,322,000 after buying an additional 243 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of HCI Group by 11.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,300 shares of the insurance provider’s stock worth $201,000 after buying an additional 245 shares in the last quarter. Yousif Capital Management LLC raised its position in shares of HCI Group by 3.0% during the first quarter. Yousif Capital Management LLC now owns 8,512 shares of the insurance provider’s stock worth $580,000 after purchasing an additional 245 shares during the period. Finally, Captrust Financial Advisors raised its position in shares of HCI Group by 112.7% during the first quarter. Captrust Financial Advisors now owns 485 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 257 shares during the period. Institutional investors own 86.99% of the company’s stock.

About HCI Group

(Get Free Report)

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.

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Insider Buying and Selling by Quarter for HCI Group (NYSE:HCI)

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