HCI Group Inc (NYSE:HCI) CEO Paresh Patel bought 1,000 shares of HCI Group stock in a transaction on Friday, December 8th. The shares were bought at an average cost of $30.30 per share, with a total value of $30,300.00. Following the acquisition, the chief executive officer now directly owns 74,000 shares in the company, valued at $2,242,200. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Paresh Patel also recently made the following trade(s):

  • On Wednesday, September 20th, Paresh Patel bought 1,000 shares of HCI Group stock. The shares were bought at an average cost of $36.06 per share, with a total value of $36,060.00.

Shares of HCI Group Inc (NYSE HCI) traded down $0.09 during midday trading on Tuesday, hitting $30.48. The stock had a trading volume of 179,013 shares, compared to its average volume of 120,025. HCI Group Inc has a 52 week low of $27.11 and a 52 week high of $50.93. 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 (NYSE:HCI) last issued its quarterly earnings data on Thursday, November 2nd. The insurance provider reported ($4.44) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.52) by ($1.92). HCI Group had a negative return on equity of 70.29% and a negative net margin of 84.53%. The business had revenue of $44.00 million for the quarter, compared to analysts’ expectations of $66.46 million. During the same period in the previous year, the firm posted $1.10 EPS. The firm’s revenue for the quarter was down 30.5% compared to the same quarter last year. sell-side analysts anticipate that HCI Group Inc will post -0.4 EPS for the current year.

HCI Group declared that its Board of Directors has approved a stock buyback program on Wednesday, December 6th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the insurance provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend is Thursday, November 16th. HCI Group’s payout ratio is -74.07%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of HCI Group by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 832,371 shares of the insurance provider’s stock worth $31,838,000 after purchasing an additional 21,016 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of HCI Group by 10.7% during the second quarter. Vanguard Group Inc. now owns 608,144 shares of the insurance provider’s stock worth $28,571,000 after purchasing an additional 58,766 shares in the last quarter. LSV Asset Management grew its holdings in shares of HCI Group by 40.4% during the second quarter. LSV Asset Management now owns 549,934 shares of the insurance provider’s stock worth $25,835,000 after purchasing an additional 158,380 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of HCI Group by 4.9% during the second quarter. Schroder Investment Management Group now owns 462,396 shares of the insurance provider’s stock worth $22,056,000 after purchasing an additional 21,800 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of HCI Group by 0.7% during the second quarter. State Street Corp now owns 210,029 shares of the insurance provider’s stock worth $9,864,000 after purchasing an additional 1,542 shares in the last quarter. 76.48% of the stock is owned by institutional investors.

A number of research analysts have weighed in on the company. ValuEngine lowered HCI Group from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Sidoti raised HCI Group from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a report on Monday, September 11th. Zacks Investment Research raised HCI Group from a “sell” rating to a “hold” rating in a report on Monday, November 27th. Finally, TheStreet lowered HCI Group from a “b-” rating to a “c” rating in a report on Thursday, September 28th. Two 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 an average rating of “Hold” and an average target price of $43.33.

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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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