James Mark Harmsworth Sells 20,000 Shares of HCI Group, Inc. (NYSE:HCI) Stock

HCI Group, Inc. (NYSE:HCI) CFO James Mark Harmsworth sold 20,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $117.12, for a total transaction of $2,342,400.00. Following the completion of the sale, the chief financial officer now directly owns 15,420 shares in the company, valued at approximately $1,805,990.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

HCI Group Stock Up 0.4 %

HCI Group stock traded up $0.45 during trading hours on Thursday, hitting $115.98. 183,473 shares of the stock traded hands, compared to its average volume of 136,903. HCI Group, Inc. has a one year low of $48.08 and a one year high of $121.57. The firm’s 50-day moving average price is $100.11 and its two-hundred day moving average price is $81.94. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.16 billion, a PE ratio of 15.28 and a beta of 1.12.

HCI Group (NYSE:HCI) last released its quarterly earnings results on Thursday, March 7th. The insurance provider reported $3.22 earnings per share for the quarter, beating the consensus estimate of $1.41 by $1.81. The company had revenue of $162.67 million for the quarter, compared to analyst estimates of $146.09 million. HCI Group had a return on equity of 36.40% and a net margin of 14.35%. During the same period in the previous year, the company posted $0.06 earnings per share. On average, research analysts forecast that HCI Group, Inc. will post 10.22 EPS for the current year.

HCI Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 16th were given 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 analysts have recently weighed in on HCI shares. Truist Financial increased their target price on shares of HCI Group from $96.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Oppenheimer reiterated an “outperform” rating and issued a $140.00 price objective on shares of HCI Group in a research report on Wednesday. Compass Point upped their target price on HCI Group from $90.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Finally, William Blair raised HCI Group from a “market perform” rating to an “outperform” rating in a research note on Friday, March 8th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, HCI Group presently has an average rating of “Moderate Buy” and a consensus price target of $125.33.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Quadrature Capital Ltd lifted its holdings in shares of HCI Group by 55.8% during the fourth quarter. Quadrature Capital Ltd now owns 29,844 shares of the insurance provider’s stock valued at $2,610,000 after purchasing an additional 10,693 shares during the last quarter. Vanguard Group Inc. boosted its holdings in HCI Group by 12.0% in the fourth quarter. Vanguard Group Inc. now owns 468,714 shares of the insurance provider’s stock worth $40,966,000 after acquiring an additional 50,201 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of HCI Group in the fourth quarter worth $5,633,000. Goldman Sachs Group Inc. increased its holdings in shares of HCI Group by 7.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 30,513 shares of the insurance provider’s stock valued at $2,667,000 after acquiring an additional 2,167 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of HCI Group by 375.7% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 9,770 shares of the insurance provider’s stock worth $853,000 after purchasing an additional 7,716 shares during the last quarter. 86.99% of the stock is owned by hedge funds and other institutional investors.

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.