James Harmsworth, the Chief Financial Officer of HCI Group Inc (HCI, Financial), sold 20,000 shares of the company on March 26, 2024, according to a recent SEC filing. The transaction was executed at an average price of $117.12 per share, resulting in a total value of $2,342,400.
HCI Group Inc is a diversified holding company primarily engaged in homeowners' insurance, with additional operations in reinsurance, real estate, and information technology. The company's primary insurance operation is conducted through its subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., which provides property and casualty insurance in the state of Florida.
Over the past year, the insider has sold a total of 35,000 shares of HCI Group Inc and has not made any purchases of the stock. The recent sale by the insider is part of a broader trend observed within the company. In the past year, there have been 2 insider buys and 3 insider sells.
On the valuation front, HCI Group Inc's shares were trading at $117.12 on the day of the insider's sale, giving the company a market capitalization of $1.158 billion. The price-earnings ratio stands at 15.23, which is above the industry median of 12.07 and also higher than the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.54, with a GF Value of $76.17, indicating that HCI Group Inc is significantly overvalued according to GuruFocus's valuation analysis.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
