HCI Group, Inc. (NYSE:HCI - Get Free Report) General Counsel Andrew L. Graham sold 29,008 shares of the business's stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $117.01, for a total value of $3,394,226.08. Following the completion of the sale, the general counsel now owns 21,819 shares of the company's stock, valued at $2,553,041.19. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
HCI Group Trading Up 0.9 %
NYSE:HCI opened at $114.48 on Friday. 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 current ratio of 0.62 and a quick ratio of 0.62. The stock has a market capitalization of $1.14 billion, a PE ratio of 15.14 and a beta of 1.14. The business's 50-day simple moving average is $103.48 and its 200-day simple moving average is $84.75.
HCI Group (NYSE:HCI - Get Free Report) last announced its earnings results on Thursday, March 7th. The insurance provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $146.09 million. During the same quarter last year, the firm earned $0.06 EPS. Sell-side analysts expect that HCI Group, Inc. will post 10.22 earnings per share for the current fiscal year.
HCI Group Dividend Announcement
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The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 16th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, February 15th. HCI Group's payout ratio is presently 21.16%.
Institutional Trading of HCI Group
Several institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP raised its holdings in shares of HCI Group by 100.6% during the 3rd quarter. GSA Capital Partners LLP now owns 21,527 shares of the insurance provider's stock worth $1,169,000 after buying an additional 10,797 shares in the last quarter. Quadrature Capital Ltd raised its holdings in shares of HCI Group by 253.1% during the 3rd quarter. Quadrature Capital Ltd now owns 19,151 shares of the insurance provider's stock worth $1,039,000 after buying an additional 13,728 shares in the last quarter. Barclays PLC increased its holdings in HCI Group by 54.7% in the 3rd quarter. Barclays PLC now owns 4,962 shares of the insurance provider's stock worth $270,000 after purchasing an additional 1,754 shares in the last quarter. Cedar Brook Financial Partners LLC acquired a new position in HCI Group in the 4th quarter worth about $201,000. Finally, Hsbc Holdings PLC acquired a new position in HCI Group in the 3rd quarter worth about $482,000. 86.99% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on HCI. Oppenheimer reissued an "outperform" rating and issued a $140.00 price target on shares of HCI Group in a report on Friday. Compass Point upped their target price on HCI Group from $90.00 to $124.00 and gave the stock a "buy" rating in a research report on Wednesday, March 13th. William Blair raised HCI Group from a "market perform" rating to an "outperform" rating in a research report on Friday, March 8th. Finally, Truist Financial increased their price objective on HCI Group from $96.00 to $112.00 and gave the stock a "buy" rating in a research note on Friday, January 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, HCI Group has an average rating of "Moderate Buy" and an average price target of $125.33.
Check Out Our Latest Stock Report on HCI
HCI Group Company Profile
(
Get Free Report)
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.
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