Insider Selling: HCI Group Inc (NYSE:HCI) CFO Sells $226,050.00 in Stock

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HCI Group Inc (NYSE:HCI) CFO James Mark Harmsworth sold 5,500 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $41.10, for a total value of $226,050.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of HCI stock opened at $41.02 on Friday. HCI Group Inc has a 1-year low of $36.72 and a 1-year high of $59.32. The stock’s 50-day moving average is $40.60 and its 200 day moving average is $42.35. The company has a market cap of $344.14 million, a P/E ratio of 24.75 and a beta of 0.76. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.67 and a quick ratio of 0.67.

HCI Group (NYSE:HCI) last issued its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.03. HCI Group had a return on equity of 7.95% and a net margin of 6.63%. The company had revenue of $58.63 million for the quarter, compared to the consensus estimate of $55.26 million. On average, analysts anticipate that HCI Group Inc will post 3 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 16th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date is Thursday, August 15th. HCI Group’s payout ratio is currently 49.54%.

Several equities analysts have recently commented on HCI shares. Zacks Investment Research lowered HCI Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 17th. TheStreet raised HCI Group from a “c+” rating to a “b-” rating in a research report on Friday, May 3rd. Finally, ValuEngine downgraded HCI Group from a “buy” rating to a “hold” rating in a research report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $48.33.

Hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. boosted its position in HCI Group by 19,900.0% during the first quarter. Meeder Asset Management Inc. now owns 600 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 597 shares in the last quarter. Bank of Montreal Can boosted its position in HCI Group by 108.8% during the second quarter. Bank of Montreal Can now owns 1,094 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 570 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in HCI Group by 175.6% during the first quarter. BNP Paribas Arbitrage SA now owns 1,516 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 966 shares in the last quarter. Assetmark Inc. boosted its position in HCI Group by 412.2% during the second quarter. Assetmark Inc. now owns 2,259 shares of the insurance provider’s stock valued at $91,000 after purchasing an additional 1,818 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in HCI Group during the fourth quarter valued at about $108,000. 60.61% of the stock is currently owned by institutional investors.

HCI Group Company Profile

HCI Group, Inc engages in the property and casualty insurance, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners insurance, flood insurance, and wind-only insurance to homeowners, condominium owners, and tenants, as well as offers reinsurance programs.

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Insider Buying and Selling by Quarter for HCI Group (NYSE:HCI)

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