HCI Group, Inc. (NYSE:HCI) CEO Acquires $55,500.00 in Stock

HCI Group, Inc. (NYSE:HCI) CEO Paresh Patel purchased 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were acquired at an average price of $111.00 per share, with a total value of $55,500.00. Following the purchase, the chief executive officer now owns 349,500 shares in the company, valued at $38,794,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Paresh Patel also recently made the following trade(s):

• On Tuesday, April 9th, Paresh Patel bought 1,000 shares of HCI Group stock. The stock was purchased at an average price of $114.90 per share, with a total value of $114,900.00.

HCI Group Stock Performance

Shares of HCI opened at $109.33 on Friday. The company has a 50-day simple moving average of $105.28 and a 200-day simple moving average of $86.48. 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 capitalization of $1.09 billion, a PE ratio of 14.46 and a beta of 1.14. HCI Group, Inc. has a 52-week low of $48.08 and a 52-week high of $121.57.

HCI Group (NYSE:HCI) last announced its quarterly earnings results on Thursday, March 7th. The insurance provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $1.81. The business had revenue of $162.67 million during the quarter, compared to the consensus estimate of $146.09 million. HCI Group had a net margin of 14.35% and a return on equity of 36.40%. During the same quarter last year, the firm posted $0.06 EPS. Equities research analysts predict that HCI Group, Inc. will post 10.33 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.46%. HCI Group’s dividend payout ratio is presently 21.16%.

Hedge Funds Weigh In On HCI Group

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its holdings 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 acquiring an additional 209 shares in the last quarter. Quest Partners LLC purchased a new position in HCI Group during the 4th quarter valued at about $28,000. Captrust Financial Advisors increased its holdings 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 acquiring an additional 257 shares in the last quarter. Point72 Hong Kong Ltd increased its holdings 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 acquiring an additional 506 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in HCI Group during the 3rd quarter valued at about $62,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on HCI shares. Compass Point raised 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. Oppenheimer restated an “outperform” rating and issued a $140.00 target price on shares of HCI Group in a research note on Friday, April 5th. Truist Financial raised 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 upgraded shares of HCI Group from a “market perform” rating to an “outperform” rating in a research note on Friday, March 8th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.33.

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.