HCI Group Inc (NYSE:HCI) CFO James Mark Harmsworth sold 5,500 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $41.10, for a total transaction of $226,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE:HCI traded up $0.92 during trading on Tuesday, reaching $42.07. The company had a trading volume of 57,067 shares, compared to its average volume of 60,677. The company has a fifty day moving average price of $40.55. The stock has a market cap of $335.55 million, a PE ratio of 13.00 and a beta of 0.76. HCI Group Inc has a 12 month low of $36.72 and a 12 month high of $59.32. 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 results on Tuesday, August 6th. The insurance provider reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.03. The firm had revenue of $58.63 million for the quarter, compared to analyst estimates of $55.26 million. HCI Group had a net margin of 6.63% and a return on equity of 7.95%. As a group, equities research analysts predict that HCI Group Inc will post 3 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 16th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Thursday, August 15th. HCI Group’s dividend payout ratio is currently 49.54%.

HCI has been the topic of a number of research analyst reports. ValuEngine cut shares of HCI Group from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th. TheStreet upgraded shares of HCI Group from a “c+” rating to a “b-” rating in a research note on Friday, May 3rd. Finally, Zacks Investment Research cut shares of HCI Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $48.33.

Hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. increased its stake in HCI Group by 19,900.0% during the 1st 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 holdings in shares of HCI Group by 108.8% in the second quarter. Bank of Montreal Can now owns 1,094 shares of the insurance provider’s stock worth $44,000 after buying an additional 570 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of HCI Group by 175.6% in the first quarter. BNP Paribas Arbitrage SA now owns 1,516 shares of the insurance provider’s stock worth $65,000 after buying an additional 966 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of HCI Group in the fourth quarter worth approximately $108,000. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in shares of HCI Group by 319.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,147 shares of the insurance provider’s stock worth $109,000 after buying an additional 1,635 shares during the last quarter. 60.61% of the stock is currently owned by institutional investors.

About HCI Group

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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