HCI Group Inc (HCI) Director Buys $59,940.00 in Stock

HCI Group Inc (NYSE:HCI) Director Gregory Politis purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were purchased at an average cost of $29.97 per share, with a total value of $59,940.00. Following the completion of the acquisition, the director now owns 194,000 shares in the company, valued at approximately $5,814,180. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 purchased at an average cost of $29.62 per share, with a total value of $118,480.00.

HCI Group Inc (NYSE:HCI) traded down $0.59 during trading hours on Tuesday, reaching $29.10. The company had a trading volume of 182,145 shares, compared to its average volume of 122,648. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.22. HCI Group Inc has a 1-year low of $27.11 and a 1-year high of $50.93.

HCI Group (NYSE:HCI) last released its quarterly earnings results 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 firm had revenue of $44.00 million for the quarter, compared to analyst estimates of $66.46 million. HCI Group had a negative return on equity of 6.34% and a negative net margin of 5.63%. The business’s revenue for the quarter was down 30.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 earnings per share. equities research analysts forecast that HCI Group Inc will post -0.4 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 17th were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, November 16th. This represents a $1.40 annualized dividend and a yield of 4.81%. HCI Group’s payout ratio is currently -74.07%.

HCI Group announced that its board has authorized a stock buyback program on Wednesday, December 6th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the insurance provider to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in HCI. Vanguard Group Inc. raised its holdings in HCI Group by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 549,378 shares of the insurance provider’s stock valued at $25,040,000 after acquiring an additional 33,914 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in HCI Group by 17.8% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 6,361 shares of the insurance provider’s stock valued at $290,000 after acquiring an additional 961 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in HCI Group in the 2nd quarter valued at $282,000. IFP Advisors Inc acquired a new position in HCI Group in the 2nd quarter valued at $101,000. Finally, Legal & General Group Plc raised its holdings in HCI Group by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 14,790 shares of the insurance provider’s stock valued at $695,000 after acquiring an additional 643 shares in the last quarter. 76.38% of the stock is owned by hedge funds and other institutional investors.

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About HCI Group

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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