Anthony Saravanos Sells 20,873 Shares of HCI Group, Inc. (NYSE:HCI) Stock

HCI Group, Inc. (NYSE:HCI) insider Anthony Saravanos sold 20,873 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $116.78, for a total transaction of $2,437,548.94. Following the completion of the sale, the insider now owns 30,000 shares in the company, valued at $3,503,400. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Friday, April 5th, Anthony Saravanos sold 3,160 shares of HCI Group stock. The shares were sold at an average price of $115.00, for a total transaction of $363,400.00.
• On Wednesday, March 27th, Anthony Saravanos sold 12,967 shares of HCI Group stock. The shares were sold at an average price of $117.01, for a total transaction of $1,517,268.67.

HCI Group Stock Down 0.6 %

HCI traded down $0.64 during trading on Tuesday, reaching $115.37. The company had a trading volume of 88,985 shares, compared to its average volume of 134,603. The company has a market cap of $1.15 billion, a P/E ratio of 15.34 and a beta of 1.14. HCI Group, Inc. has a 12 month low of $48.08 and a 12 month high of $121.57. The business’s fifty day moving average price is $103.95 and its 200 day moving average price is $85.67. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.62 and a quick ratio of 0.62.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Thursday, March 7th. The insurance provider reported $3.22 earnings per share (EPS) for the quarter, topping 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 return on equity of 36.40% and a net margin of 14.35%. During the same period last year, the company earned $0.06 earnings per share. Equities analysts anticipate that HCI Group, Inc. will post 10.33 EPS for the current year.

HCI Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors 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 dividend on an annualized basis and a yield of 1.39%. HCI Group’s dividend payout ratio (DPR) is presently 21.16%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Oppenheimer reiterated an “outperform” rating and issued a $140.00 price target on shares of HCI Group in a research report on Friday. William Blair raised shares of HCI Group from a “market perform” rating to an “outperform” rating in a research note on Friday, March 8th. Compass Point boosted 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. Finally, Truist Financial lifted 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. One investment 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 currently has an average rating of “Moderate Buy” and a consensus price target of $125.33.

Institutional Investors Weigh In On HCI Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of HCI Group by 0.4% in the second quarter. BlackRock Inc. now owns 1,077,392 shares of the insurance provider’s stock valued at $66,561,000 after buying an additional 4,127 shares during the period. Vanguard Group Inc. lifted its position in shares of HCI Group by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 558,696 shares of the insurance provider’s stock valued at $38,092,000 after acquiring an additional 21,054 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of HCI Group by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 380,933 shares of the insurance provider’s stock valued at $25,972,000 after acquiring an additional 9,798 shares during the period. Voya Investment Management LLC increased its holdings in shares of HCI Group by 14.0% during the fourth quarter. Voya Investment Management LLC now owns 305,506 shares of the insurance provider’s stock valued at $26,701,000 after acquiring an additional 37,465 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of HCI Group by 3.8% during the second quarter. State Street Corp now owns 221,412 shares of the insurance provider’s stock valued at $15,003,000 after acquiring an additional 8,145 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

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.