HCI Group, Inc. (NYSE:HCI) CFO James Mark Harmsworth Sells 20,000 Shares

HCI Group, Inc. (NYSE:HCI) CFO James Mark Harmsworth sold 20,000 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $117.12, for a total transaction of $2,342,400.00. Following the completion of the transaction, the chief financial officer now directly owns 15,420 shares of the company’s stock, valued at $1,805,990.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

HCI Group Stock Performance

HCI Group stock opened at $115.98 on Friday. The company’s 50-day moving average price is $100.65 and its 200-day moving average price is $82.17. HCI Group, Inc. has a twelve month low of $48.08 and a twelve month high of $121.57. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.16 billion, a PE ratio of 15.34 and a beta of 1.12.

HCI Group (NYSE:HCI) last released its quarterly earnings data on Thursday, March 7th. The insurance provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $1.81. The company had revenue of $162.67 million during the quarter, compared to analysts’ expectations of $146.09 million. HCI Group had a net margin of 14.35% and a return on equity of 36.40%. During the same period in the previous year, the company earned $0.06 EPS. On average, equities research analysts forecast that HCI Group, Inc. will post 10.22 EPS for the current fiscal year.

HCI Group Announces Dividend

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 $0.40 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. HCI Group’s dividend payout ratio is currently 21.16%.

Analysts Set New Price Targets

A number of brokerages have weighed in on HCI. Oppenheimer reaffirmed an “outperform” rating and set a $140.00 target price on shares of HCI Group in a research note on Wednesday. William Blair upgraded shares of HCI Group from a “market perform” rating to an “outperform” rating in a report on Friday, March 8th. Compass Point lifted their price target 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. Finally, Truist Financial lifted their price target 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, HCI Group presently has an average rating of “Moderate Buy” and an average price target of $125.33.

Institutional Investors Weigh In On HCI Group

Several large investors have recently modified their holdings of HCI. Quest Partners LLC bought a new position in shares of HCI Group during the 4th quarter worth approximately $28,000. FMR LLC increased its stake in HCI Group by 80.7% during the 1st quarter. FMR LLC now owns 468 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 209 shares in the last quarter. Captrust Financial Advisors increased its stake in HCI Group by 112.7% during the 1st quarter. Captrust Financial Advisors now owns 485 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 257 shares in the last quarter. Cerity Partners LLC acquired a new position in HCI Group during the 1st quarter valued at approximately $383,000. Finally, Point72 Hong Kong Ltd increased its stake in HCI Group by 1,807.1% during the 2nd quarter. Point72 Hong Kong Ltd now owns 534 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 506 shares in the last quarter. Institutional investors own 86.99% of the company’s stock.

HCI Group Company Profile

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.