Anthony Saravanos Sells 3,160 Shares of HCI Group, Inc. (NYSE:HCI) Stock

HCI Group, Inc. (NYSE:HCI) insider Anthony Saravanos sold 3,160 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $115.00, for a total value of $363,400.00. Following the transaction, the insider now owns 50,873 shares in the company, valued at $5,850,395. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Anthony Saravanos also recently made the following trade(s):

• On Monday, April 8th, Anthony Saravanos sold 20,873 shares of HCI Group stock. The stock was sold at an average price of $116.78, for a total value of $2,437,548.94.
• On Wednesday, March 27th, Anthony Saravanos sold 12,967 shares of HCI Group stock. The shares were sold at an average price of $117.01, for a total value of $1,517,268.67.

HCI Group Stock Down 2.3 %

Shares of NYSE HCI opened at $112.68 on Thursday. The stock has a market cap of $1.12 billion, a PE ratio of 14.90 and a beta of 1.14. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.64. HCI Group, Inc. has a 12-month low of $48.08 and a 12-month high of $121.57. The company has a 50-day moving average of $104.43 and a 200 day moving average of $86.12.

HCI Group (NYSE:HCI) last issued its earnings results on Thursday, March 7th. The insurance provider reported $3.22 earnings per share for the quarter, topping the consensus estimate of $1.41 by $1.81. HCI Group had a return on equity of 36.40% and a net margin of 14.35%. The business had revenue of $162.67 million for the quarter, compared to analysts’ expectations of $146.09 million. During the same period in the previous year, the firm posted $0.06 EPS. As a group, sell-side analysts predict that HCI Group, Inc. will post 10.33 EPS for the current fiscal year.

HCI Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 16th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.42%. HCI Group’s dividend payout ratio is presently 21.16%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HCI. Truist Financial boosted their target price on shares of HCI Group from $96.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Oppenheimer reiterated an “outperform” rating and set a $140.00 price objective on shares of HCI Group in a research note on Friday, April 5th. William Blair upgraded HCI Group from a “market perform” rating to an “outperform” rating in a research report on Friday, March 8th. Finally, 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. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, HCI Group presently has an average rating of “Moderate Buy” and an average price target of $125.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Wasatch Advisors LP purchased a new position in HCI Group during the first quarter worth about $8,558,000. Bank of America Corp DE increased its holdings in shares of HCI Group by 859.9% during the 1st quarter. Bank of America Corp DE now owns 111,620 shares of the insurance provider’s stock worth $5,983,000 after buying an additional 99,992 shares during the last quarter. Millennium Management LLC raised its position in shares of HCI Group by 160.2% during the 2nd quarter. Millennium Management LLC now owns 139,280 shares of the insurance provider’s stock valued at $9,438,000 after buying an additional 85,759 shares during the period. Portolan Capital Management LLC acquired a new position in HCI Group in the first quarter valued at approximately $5,815,000. Finally, Wellington Management Group LLP purchased a new position in HCI Group in the fourth quarter worth approximately $5,633,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Company Profile

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.