HCI Group, Inc. (NYSE:HCI – Get Rating) CFO James Mark Harmsworth sold 5,037 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $56.38, for a total transaction of $283,986.06. Following the completion of the sale, the chief financial officer now directly owns 43,531 shares of the company’s stock, valued at approximately $2,454,277.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
James Mark Harmsworth also recently made the following trade(s):
- On Monday, May 22nd, James Mark Harmsworth sold 9,963 shares of HCI Group stock. The stock was sold at an average price of $55.97, for a total transaction of $557,629.11.
HCI Group Trading Up 1.0 %
NYSE HCI opened at $56.74 on Wednesday. HCI Group, Inc. has a one year low of $27.65 and a one year high of $73.16. The company has a 50-day simple moving average of $53.25 and a 200-day simple moving average of $47.17. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market capitalization of $487.79 million, a PE ratio of -11.39 and a beta of 0.83.
HCI Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, May 19th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Thursday, May 18th. HCI Group’s payout ratio is -32.13%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Compass Point boosted their target price on shares of HCI Group from $66.00 to $67.00 in a research report on Wednesday, May 17th. TheStreet raised shares of HCI Group from a “d+” rating to a “c-” rating in a report on Thursday, March 9th. Finally, StockNews.com initiated coverage on shares of HCI Group in a report on Thursday, May 18th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, HCI Group currently has an average rating of “Moderate Buy” and a consensus target price of $79.00.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in 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 purchasing an additional 21,054 shares during the period. Hood River Capital Management LLC lifted its stake in shares of HCI Group by 34.3% in the 1st quarter. Hood River Capital Management LLC now owns 532,607 shares of the insurance provider’s stock worth $28,548,000 after acquiring an additional 136,058 shares during the period. Bernzott Capital Advisors lifted its stake in shares of HCI Group by 5.8% in the 4th quarter. Bernzott Capital Advisors now owns 398,889 shares of the insurance provider’s stock worth $15,792,000 after acquiring an additional 21,912 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of HCI Group by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 380,933 shares of the insurance provider’s stock worth $25,972,000 after acquiring an additional 9,798 shares during the period. Finally, Voya Investment Management LLC lifted its stake in shares of HCI Group by 83.0% in the 4th quarter. Voya Investment Management LLC now owns 377,416 shares of the insurance provider’s stock worth $14,942,000 after acquiring an additional 171,166 shares during the period. 67.71% of the stock is owned by institutional investors and hedge funds.
About HCI Group
HCI Group, Inc engages in the business of property and casualty insurance, reinsurance, real estate, and information technology. It operates through the following segments: Insurance Operations, Real Estate, and Corporate and Others. The Insurance Operations segment includes the property and casualty insurance division and reinsurance division.
Read More
- Get a free copy of the StockNews.com research report on HCI Group (HCI)
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