HCI Group, Inc. (NYSE:HCI) CFO James Mark Harmsworth purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were purchased at an average cost of $36.93 per share, for a total transaction of $18,465.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

HCI Group, Inc. (NYSE:HCI) traded up 3.01% during midday trading on Friday, hitting $37.93. The company had a trading volume of 87,241 shares. The company’s 50 day moving average is $39.07 and its 200-day moving average is $44.12. The company has a market cap of $378.77 million, a P/E ratio of 10.44 and a beta of 2.37. HCI Group, Inc. has a one year low of $24.35 and a one year high of $50.93.

HCI Group (NYSE:HCI) last announced its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.07. HCI Group had a return on equity of 15.65% and a net margin of 13.52%. The company had revenue of $67.58 million for the quarter, compared to analyst estimates of $64.33 million. During the same quarter last year, the firm earned $0.71 EPS. HCI Group’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts predict that HCI Group, Inc. will post $3.47 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 18th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend was Wednesday, August 16th. HCI Group’s payout ratio is presently 38.36%.

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Large investors have recently made changes to their positions in the company. IFP Advisors Inc acquired a new stake in shares of HCI Group during the 2nd quarter worth approximately $101,000. Meeder Asset Management Inc. acquired a new stake in shares of HCI Group during the 2nd quarter worth approximately $105,000. BNP Paribas Arbitrage SA grew its holdings in shares of HCI Group by 42.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,453 shares of the insurance provider’s stock worth $115,000 after purchasing an additional 731 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of HCI Group during the 1st quarter worth approximately $141,000. Finally, Brandywine Global Investment Management LLC grew its holdings in shares of HCI Group by 11.4% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 3,230 shares of the insurance provider’s stock worth $152,000 after purchasing an additional 330 shares in the last quarter. 71.47% of the stock is currently owned by institutional investors.

Several research firms recently issued reports on HCI. SunTrust Banks, Inc. began coverage on HCI Group in a research report on Tuesday, July 4th. They set a “buy” rating and a $52.00 price target on the stock. Zacks Investment Research lowered HCI Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. BidaskClub lowered HCI Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, ValuEngine raised HCI Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $45.75.

HCI Group Company Profile

HCI Group, Inc (HCI) is an insurance holding company. The Company operates through four operating divisions: property and casualty insurance, reinsurance, investment real estate and information technology. Its operations include Insurance Operations and Other Operations. Its Insurance Operations include property and casualty insurance, and reinsurance.

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