HCI Group, Inc. (NYSE:HCI - Get Free Report) CEO Paresh Patel bought 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 9th. The shares were purchased at an average cost of $114.90 per share, with a total value of $114,900.00. Following the purchase, the chief executive officer now directly owns 349,000 shares of the company's stock, valued at $40,100,100. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
HCI Group Trading Down 2.3 %
NYSE:HCI opened at $112.68 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.64. HCI Group, Inc. has a 1-year low of $48.08 and a 1-year high of $121.57. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 14.90 and a beta of 1.14. The stock has a fifty day simple moving average of $104.43 and a 200 day simple moving average of $86.12.
HCI Group (NYSE:HCI - Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The insurance provider reported $3.22 earnings per share 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 during the quarter, compared to analyst estimates of $146.09 million. During the same quarter last year, the company posted $0.06 EPS. Sell-side analysts forecast that HCI Group, Inc. will post 10.33 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 16th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.60 dividend on an annualized basis and a yield of 1.42%. HCI Group's payout ratio is presently 21.16%.
Institutional Investors Weigh In On HCI Group
A number of institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd boosted its position in HCI Group by 55.8% during the 4th quarter. Quadrature Capital Ltd now owns 29,844 shares of the insurance provider's stock worth $2,610,000 after acquiring an additional 10,693 shares during the period. Vanguard Group Inc. boosted its position in HCI Group by 12.0% during the 4th quarter. Vanguard Group Inc. now owns 468,714 shares of the insurance provider's stock worth $40,966,000 after acquiring an additional 50,201 shares during the period. Wellington Management Group LLP acquired a new stake in HCI Group during the 4th quarter worth about $5,633,000. Goldman Sachs Group Inc. boosted its position in HCI Group by 7.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 30,513 shares of the insurance provider's stock worth $2,667,000 after acquiring an additional 2,167 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its position in HCI Group by 375.7% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 9,770 shares of the insurance provider's stock worth $853,000 after acquiring an additional 7,716 shares during the period. 86.99% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. Oppenheimer reaffirmed an "outperform" rating and set a $140.00 target price on shares of HCI Group in a research note on Friday, April 5th. William Blair raised HCI Group from a "market perform" rating to an "outperform" rating in a research note on Friday, March 8th. Truist Financial increased their price target on HCI Group from $96.00 to $112.00 and gave the company a "buy" rating in a research report on Friday, January 12th. Finally, Compass Point increased 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $125.33.
Check Out Our Latest Research Report on HCI
About HCI Group
(
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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