HCI Group, Inc. (NYSE:HCI - Get Free Report) CEO Paresh Patel purchased 500 shares of the stock in a transaction on Thursday, April 11th. The stock was acquired at an average cost of $111.00 per share, for a total transaction of $55,500.00. Following the completion of the acquisition, the chief executive officer now owns 349,500 shares of the company's stock, valued at approximately $38,794,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Paresh Patel also recently made the following trade(s):
- On Tuesday, April 9th, Paresh Patel purchased 1,000 shares of HCI Group stock. The stock was acquired at an average cost of $114.90 per share, for a total transaction of $114,900.00.
HCI Group Trading Down 2.0 %
HCI stock opened at $110.65 on Friday. The company's 50-day simple moving average is $104.89 and its 200-day simple moving average is $86.31. 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 52-week low of $48.08 and a 52-week high of $121.57. The firm has a market cap of $1.10 billion, a P/E ratio of 14.64 and a beta of 1.14.
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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, topping the consensus estimate of $1.41 by $1.81. HCI Group had a net margin of 14.35% and a return on equity of 36.40%. The firm had revenue of $162.67 million during the quarter, compared to the consensus estimate of $146.09 million. During the same quarter in the prior year, the firm earned $0.06 EPS. As a group, equities analysts forecast that HCI Group, Inc. will post 10.33 EPS for the current fiscal year.
HCI Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors 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 annualized dividend and a dividend yield of 1.45%. HCI Group's dividend payout ratio (DPR) is presently 21.16%.
Analysts Set New Price Targets
Several research firms have commented on HCI. Oppenheimer reaffirmed an "outperform" rating and issued a $140.00 price target on shares of HCI Group in a report on Friday, April 5th. Compass Point increased their target price on shares of HCI Group from $90.00 to $124.00 and gave the stock a "buy" rating in a research note on Wednesday, March 13th. Truist Financial increased their target price on shares of HCI Group from $96.00 to $112.00 and gave the stock a "buy" rating in a research note on Friday, January 12th. Finally, William Blair raised shares of HCI Group from a "market perform" rating to an "outperform" rating in a research note on Friday, March 8th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, HCI Group has an average rating of "Moderate Buy" and an average target price of $125.33.
View Our Latest Stock Analysis on HCI
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd raised its position in shares of 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 purchasing an additional 10,693 shares during the last quarter. Vanguard Group Inc. raised its position in shares of 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 purchasing an additional 50,201 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of HCI Group during the 4th quarter worth about $5,633,000. Goldman Sachs Group Inc. raised its position in shares of 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 purchasing an additional 2,167 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of 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 purchasing an additional 7,716 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company's stock.
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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