HCI Group, Inc. (NYSE:HCI - Get Free Report) insider Anthony Saravanos sold 3,160 shares of the business's stock in a transaction on Friday, April 5th. The shares were sold at an average price of $115.00, for a total value of $363,400.00. Following the completion of the sale, the insider now owns 50,873 shares of the company's stock, valued at $5,850,395. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Anthony Saravanos also recently made the following trade(s):
- On Monday, April 8th, Anthony Saravanos sold 20,873 shares of HCI Group stock. The shares were sold at an average price of $116.78, for a total value of $2,437,548.94.
- On Wednesday, March 27th, Anthony Saravanos sold 12,967 shares of HCI Group stock. The shares were sold at an average price of $117.01, for a total value of $1,517,268.67.
HCI Group Price Performance
HCI Group stock opened at $115.37 on Wednesday. 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, Inc. has a 52 week low of $48.08 and a 52 week high of $121.57. The stock has a market capitalization of $1.15 billion, a P/E ratio of 15.26 and a beta of 1.14. The stock has a fifty day moving average of $103.95 and a 200-day moving average of $85.67.
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HCI Group (NYSE:HCI - Get Free Report) last posted its quarterly earnings results 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 return on equity of 36.40% and a net margin of 14.35%. The company had revenue of $162.67 million during the quarter, compared to analysts' expectations of $146.09 million. During the same quarter in the previous year, the firm earned $0.06 EPS. On average, sell-side analysts expect that HCI Group, Inc. will post 10.33 earnings per share for the current fiscal year.
HCI Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, February 16th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, February 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.39%. HCI Group's dividend payout ratio (DPR) is currently 21.16%.
Hedge Funds Weigh In On HCI Group
A number of institutional investors and hedge funds have recently bought and sold shares of HCI. Wasatch Advisors LP acquired a new position in HCI Group in the 1st quarter worth about $8,558,000. Bank of America Corp DE increased its holdings in HCI Group by 859.9% in 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 in the last quarter. Millennium Management LLC increased its holdings in HCI Group by 160.2% in 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 in the last quarter. Portolan Capital Management LLC acquired a new position in HCI Group in the 1st quarter worth about $5,815,000. Finally, Wellington Management Group LLP acquired a new position in HCI Group in the 4th quarter worth about $5,633,000. Institutional investors and hedge funds own 86.99% of the company's stock.
Analyst Upgrades and Downgrades
HCI has been the subject of several analyst reports. Truist Financial lifted their price objective on HCI Group from $96.00 to $112.00 and gave the company a "buy" rating in a report on Friday, January 12th. Oppenheimer reaffirmed an "outperform" rating and issued a $140.00 price objective on shares of HCI Group in a report on Friday, April 5th. William Blair raised HCI Group from a "market perform" rating to an "outperform" rating in a report on Friday, March 8th. Finally, Compass Point lifted their price objective on HCI Group from $90.00 to $124.00 and gave the company a "buy" rating in a report on Wednesday, March 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.
Further Reading
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