HCI Group, Inc. (NYSE:HCI) Insider Sells $363,400.00 in Stock

HCI Group, Inc. (NYSE:HCI - Get Free Report) insider Anthony Saravanos sold 3,160 shares of the firm's stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $115.00, for a total value of $363,400.00. Following the transaction, the insider now owns 50,873 shares in the company, valued at approximately $5,850,395. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Anthony Saravanos also recently made the following trade(s):

• On Monday, April 8th, Anthony Saravanos sold 20,873 shares of HCI Group stock. The stock was 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 stock was sold at an average price of $117.01, for a total value of $1,517,268.67.

HCI Group Stock Performance

HCI Group stock traded down $0.64 during mid-day trading on Tuesday, reaching $115.37. 88,985 shares of the company were exchanged, compared to its average volume of 134,603. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.62 and a current ratio of 0.62. The firm's 50-day simple moving average is $103.95 and its two-hundred day simple moving average is $85.67. The firm has a market cap of $1.15 billion, a PE ratio of 15.26 and a beta of 1.14. HCI Group, Inc. has a twelve month low of $48.08 and a twelve month high of $121.57.

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, beating the consensus estimate of $1.41 by $1.81. The business had revenue of $162.67 million during the quarter, compared to analysts' expectations of $146.09 million. HCI Group had a return on equity of 36.40% and a net margin of 14.35%. During the same period last year, the firm earned $0.06 EPS. Equities analysts predict 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 $0.40 dividend. The ex-dividend date was Thursday, February 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.39%. HCI Group's dividend payout ratio is currently 21.16%.

Institutional Trading of HCI Group

Several hedge funds have recently modified their holdings of HCI. FMR LLC lifted its holdings in shares of HCI Group by 80.7% in the 1st quarter. FMR LLC now owns 468 shares of the insurance provider's stock valued at $25,000 after buying an additional 209 shares during the period. Quest Partners LLC purchased a new position in HCI Group in the 4th quarter valued at approximately $28,000. Captrust Financial Advisors increased its stake in HCI Group by 112.7% in 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. Point72 Hong Kong Ltd increased its stake in HCI Group by 1,807.1% in 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. Finally, Quantbot Technologies LP purchased a new position in HCI Group in the 3rd quarter valued at approximately $62,000. 86.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HCI has been the topic of a number of research reports. William Blair upgraded HCI Group from a "market perform" rating to an "outperform" rating in a research note on Friday, March 8th. Truist Financial increased their price objective on HCI Group from $96.00 to $112.00 and gave the stock a "buy" rating in a research report on Friday, January 12th. Compass Point increased their price objective on HCI Group from $90.00 to $124.00 and gave the stock a "buy" rating in a research report on Wednesday, March 13th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $140.00 price objective on shares of HCI Group in a research report on Friday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, HCI Group presently has an average rating of "Moderate Buy" and an average price target of $125.33.

About HCI Group

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.