HCI Group, Inc. (NYSE:HCI) General Counsel Andrew L. Graham Sells 800 Shares

HCI Group, Inc. (NYSE:HCI) General Counsel Andrew L. Graham sold 800 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $116.42, for a total transaction of $93,136.00. Following the completion of the transaction, the general counsel now owns 57,630 shares in the company, valued at $6,709,284.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

HCI Group Stock Performance

HCI opened at $115.98 on Friday. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 15.34 and a beta of 1.12. The company has a fifty day moving average of $100.65 and a 200 day moving average of $82.17. HCI Group, Inc. has a fifty-two week low of $48.08 and a fifty-two week 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.

HCI Group (NYSE:HCI) last issued 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 net margin of 14.35% and a return on equity of 36.40%. The business had revenue of $162.67 million during the quarter, compared to analysts’ expectations of $146.09 million. During the same period last year, the company posted $0.06 EPS. As a group, sell-side analysts forecast that HCI Group, Inc. will post 10.22 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

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

Hedge Funds Weigh In On HCI Group

A number of institutional investors and hedge funds have recently made changes to their positions in HCI. Wasatch Advisors LP purchased a new position in shares of HCI Group during the 1st quarter worth about $8,558,000. Bank of America Corp DE boosted its stake 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 purchasing an additional 99,992 shares during the period. Millennium Management LLC boosted its stake 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 worth $9,438,000 after purchasing an additional 85,759 shares during the period. Portolan Capital Management LLC bought a new stake in HCI Group during the 1st quarter valued at about $5,815,000. Finally, Wellington Management Group LLP bought a new stake in HCI Group during the 4th quarter valued at about $5,633,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.