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.
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.
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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