HCI Group, Inc. (NYSE:HCI) General Counsel Sells $93,136.00 in Stock

HCI Group, Inc. (NYSE:HCI) General Counsel Andrew L. Graham sold 800 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $116.42, for a total transaction of $93,136.00. Following the sale, the general counsel now directly owns 57,630 shares of the company’s stock, valued at approximately $6,709,284.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

HCI Group Trading Up 0.4 %

NYSE HCI traded up $0.45 on Thursday, hitting $115.98. 183,473 shares of the company were exchanged, compared to its average volume of 136,903. HCI Group, Inc. has a twelve month low of $48.08 and a twelve month high of $121.57. The company’s 50 day moving average price is $100.11 and its 200-day moving average price is $81.94. The firm has a market capitalization of $1.16 billion, a P/E ratio of 15.28 and a beta of 1.12. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.62 and a quick ratio of 0.62.

HCI Group (NYSE:HCI) last released its earnings results on Thursday, March 7th. The insurance provider reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $1.81. HCI Group had a net margin of 14.35% and a return on equity of 36.40%. The company had revenue of $162.67 million during the quarter, compared to the consensus estimate of $146.09 million. During the same quarter in the prior year, the firm earned $0.06 EPS. Analysts predict that HCI Group, Inc. will post 10.22 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The company 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 1.38%. HCI Group’s dividend payout ratio is 21.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $140.00 target price on shares of HCI Group in a research report on Wednesday. Compass Point increased their price target on HCI Group from $90.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. William Blair raised HCI Group from a “market perform” rating to an “outperform” rating in a research note on Friday, March 8th. Finally, Truist Financial raised their target price on HCI Group from $96.00 to $112.00 and gave the company a “buy” rating in a research note on Friday, January 12th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $125.33.

Institutional Investors Weigh In On HCI Group

Several institutional investors and hedge funds have recently modified their holdings of HCI. FMR LLC increased its position in 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 during the period. Legal & General Group Plc grew its stake in shares of HCI Group by 1.3% in the second quarter. Legal & General Group Plc now owns 19,503 shares of the insurance provider’s stock worth $1,322,000 after acquiring an additional 243 shares during the last quarter. Yousif Capital Management LLC increased its position in 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 acquiring an additional 245 shares during the period. Tower Research Capital LLC TRC raised its stake in HCI Group by 11.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,300 shares of the insurance provider’s stock valued at $201,000 after purchasing an additional 245 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in HCI Group by 112.7% in the 1st quarter. Captrust Financial Advisors now owns 485 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 257 shares during the period. Institutional investors and hedge funds own 86.99% of the company’s stock.

About HCI Group

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.