Gregory Politis Buys 2,000 Shares of HCI Group Inc (HCI) Stock

HCI Group Inc (NYSE:HCI) Director Gregory Politis purchased 2,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were bought at an average price of $29.97 per share, for a total transaction of $59,940.00. Following the completion of the transaction, the director now owns 194,000 shares of the company’s stock, valued at $5,814,180. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Gregory Politis also recently made the following trade(s):

  • On Friday, December 15th, Gregory Politis purchased 4,000 shares of HCI Group stock. The shares were bought at an average price of $29.62 per share, for a total transaction of $118,480.00.

HCI Group Inc (NYSE:HCI) traded up $0.24 during mid-day trading on Thursday, hitting $29.34. 108,600 shares of the company traded hands, compared to its average volume of 122,591. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.22. HCI Group Inc has a one year low of $27.11 and a one year high of $50.93.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($4.44) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.52) by ($1.92). The company had revenue of $44.00 million during the quarter, compared to the consensus estimate of $66.46 million. HCI Group had a negative return on equity of 6.34% and a negative net margin of 5.63%. The firm’s revenue for the quarter was down 30.5% on a year-over-year basis. During the same quarter last year, the company posted $1.10 earnings per share. sell-side analysts predict that HCI Group Inc will post -0.4 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 17th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend was Thursday, November 16th. HCI Group’s dividend payout ratio (DPR) is -74.07%.

HCI Group declared that its board has authorized a stock buyback program on Wednesday, December 6th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the insurance provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Several brokerages have recently weighed in on HCI. ValuEngine cut HCI Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Sidoti upgraded HCI Group from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Monday, September 11th. Zacks Investment Research upgraded HCI Group from a “sell” rating to a “hold” rating in a research report on Monday, November 27th. Finally, TheStreet cut HCI Group from a “b-” rating to a “c” rating in a research report on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.33.

Several hedge funds have recently bought and sold shares of HCI. IFP Advisors Inc bought a new position in shares of HCI Group in the second quarter worth approximately $101,000. BNP Paribas Arbitrage SA increased its position in shares of HCI Group by 42.5% in the second quarter. BNP Paribas Arbitrage SA now owns 2,453 shares of the insurance provider’s stock worth $115,000 after purchasing an additional 731 shares during the last quarter. Brandywine Global Investment Management LLC increased its position in shares of HCI Group by 11.4% in the second quarter. Brandywine Global Investment Management LLC now owns 3,230 shares of the insurance provider’s stock worth $152,000 after purchasing an additional 330 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of HCI Group in the third quarter worth approximately $202,000. Finally, Thrivent Financial For Lutherans increased its position in shares of HCI Group by 3.3% in the second quarter. Thrivent Financial For Lutherans now owns 4,950 shares of the insurance provider’s stock worth $233,000 after purchasing an additional 160 shares during the last quarter. Institutional investors own 76.38% of the company’s stock.

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HCI Group Company Profile

HCI Group, Inc (HCI) is an insurance holding company. The Company operates through four operating divisions: property and casualty insurance, reinsurance, investment real estate and information technology. Its operations include Insurance Operations and Other Operations. Its Insurance Operations include property and casualty insurance, and reinsurance.

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