Insider Selling: HCI Group, Inc. (NYSE:HCI) CFO Sells $283,986.06 in Stock

HCI Group, Inc. (NYSE:HCI – Get Rating) CFO James Mark Harmsworth sold 5,037 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $56.38, for a total value of $283,986.06. Following the sale, the chief financial officer now directly owns 43,531 shares of the company’s stock, valued at $2,454,277.78. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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 value of $557,629.11.

HCI Group Price Performance

Shares of HCI opened at $55.35 on Friday. The stock has a market capitalization of $476.01 million, a P/E ratio of -11.11 and a beta of 0.83. HCI Group, Inc. has a twelve month low of $27.65 and a twelve month high of $73.16. The company has a 50 day moving average of $53.24 and a 200-day moving average of $47.38. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 1.09.

HCI Group (NYSE:HCI – Get Rating) last released its quarterly earnings data on Thursday, March 9th. The insurance provider reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.36) by $0.42. The company had revenue of $119.94 million during the quarter, compared to the consensus estimate of $123.32 million. HCI Group had a negative return on equity of 20.54% and a negative net margin of 8.79%. As a group, equities research analysts forecast that HCI Group, Inc. will post 2.2 EPS for the current fiscal year.

HCI Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, May 19th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Thursday, May 18th. HCI Group’s payout ratio is presently -32.13%.

Institutional Investors Weigh In On HCI Group

Several large investors have recently made changes to their positions in HCI. FMR LLC boosted its holdings in shares of HCI Group by 80.7% in the 1st quarter. FMR LLC now owns 468 shares of the insurance provider’s stock valued at $25,000 after buying an additional 209 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of HCI Group by 99.1% in the 4th quarter. Signaturefd LLC now owns 651 shares of the insurance provider’s stock valued at $26,000 after buying an additional 324 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of HCI Group by 112.7% in the 1st quarter. Captrust Financial Advisors now owns 485 shares of the insurance provider’s stock valued at $33,000 after buying an additional 257 shares during the last quarter. US Bancorp DE lifted its holdings in HCI Group by 428.5% during the 3rd quarter. US Bancorp DE now owns 909 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 737 shares during the last quarter. Finally, Point72 Hong Kong Ltd lifted its holdings in HCI Group by 1,807.1% during the 2nd quarter. Point72 Hong Kong Ltd now owns 534 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 506 shares during the last quarter. Institutional investors and hedge funds own 67.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Compass Point increased their target price on HCI Group from $66.00 to $67.00 in a research note on Wednesday, May 17th. StockNews.com initiated coverage on shares of HCI Group in a research note on Thursday, May 18th. They set a “hold” rating for the company. Finally, TheStreet raised shares of HCI Group from a “d+” rating to a “c-” rating in a research note on Thursday, March 9th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.00.

About HCI Group

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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.