Gregory Politis Buys 4,000 Shares of HCI Group Inc (HCI) Stock

HCI Group Inc (NYSE:HCI) Director Gregory Politis purchased 4,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was bought at an average cost of $40.91 per share, with a total value of $163,640.00. Following the purchase, the director now owns 206,000 shares of the company’s stock, valued at approximately $8,427,460. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of HCI stock traded up $0.18 on Tuesday, hitting $41.53. The company had a trading volume of 62,726 shares, compared to its average volume of 67,347. The stock has a market cap of $357.42 million, a price-to-earnings ratio of 12.86 and a beta of 0.86. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.38. HCI Group Inc has a twelve month low of $36.72 and a twelve month high of $59.32.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Thursday, March 7th. The insurance provider reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.08). HCI Group had a net margin of 8.14% and a return on equity of 13.68%. The company had revenue of $53.00 million during the quarter, compared to analyst estimates of $60.31 million. Sell-side analysts forecast that HCI Group Inc will post 4.5 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 17th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, May 16th. This represents a $1.60 annualized dividend and a dividend yield of 3.85%. HCI Group’s payout ratio is 49.54%.

Institutional investors have recently made changes to their positions in the stock. Quantamental Technologies LLC bought a new stake in shares of HCI Group during the 4th quarter valued at about $56,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of HCI Group during the 4th quarter valued at about $108,000. Metropolitan Life Insurance Co. NY boosted its position in shares of HCI Group by 319.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,147 shares of the insurance provider’s stock valued at $109,000 after purchasing an additional 1,635 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of HCI Group by 898.2% during the 4th quarter. LS Investment Advisors LLC now owns 2,166 shares of the insurance provider’s stock valued at $110,000 after purchasing an additional 1,949 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of HCI Group during the 4th quarter valued at about $131,000. Institutional investors own 64.38% of the company’s stock.

HCI has been the subject of several recent research reports. Zacks Investment Research raised HCI Group from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Wednesday, January 2nd. ValuEngine cut HCI Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $48.33.

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About HCI Group

HCI Group, Inc primarily engages in the property and casualty insurance business in Florida. It provides property and casualty insurance to homeowners, condominium owners, and tenants; and reinsurance. The company also owns and operates one full-service restaurant, two marinas, two retail shopping centers, and one office building.

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