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 business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $116.42, for a total value of $93,136.00. Following the transaction, the general counsel now owns 57,630 shares in the company, valued at $6,709,284.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

HCI Group Price Performance

Shares of NYSE HCI traded up $0.45 during mid-day trading on Thursday, reaching $115.98. The company’s stock had a trading volume of 183,473 shares, compared to its average volume of 136,903. The stock has a 50-day moving average of $100.11 and a two-hundred day moving average of $81.94. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market capitalization of $1.16 billion, a P/E ratio of 15.28 and a beta of 1.12. HCI Group, Inc. has a 1-year low of $48.08 and a 1-year high of $121.57.

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. On average, equities research analysts anticipate that HCI Group, Inc. will post 10.22 EPS for the current fiscal year.

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 16th were paid 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 (DPR) is presently 21.16%.

Analyst Ratings Changes

HCI has been the subject of a number of recent analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $140.00 target price on shares of HCI Group in a research note on Wednesday. Compass Point lifted their price target on 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 upped their price target on HCI Group from $96.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, January 12th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.33.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in HCI Group by 23.0% during the first quarter. JPMorgan Chase & Co. now owns 2,826 shares of the insurance provider’s stock worth $193,000 after purchasing an additional 529 shares during the last quarter. Citigroup Inc. increased its holdings in shares of HCI Group by 24.4% during the 1st quarter. Citigroup Inc. now owns 6,817 shares of the insurance provider’s stock worth $465,000 after buying an additional 1,336 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of HCI Group by 60.1% during the 1st quarter. MetLife Investment Management LLC now owns 3,040 shares of the insurance provider’s stock valued at $207,000 after buying an additional 1,141 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in HCI Group by 14.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,893 shares of the insurance provider’s stock valued at $470,000 after acquiring an additional 850 shares during the last quarter. Finally, Yousif Capital Management LLC grew its position in HCI Group by 3.0% in 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. Hedge funds and other institutional investors 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.