New York State Teachers Retirement System Raises Holdings in HCI Group, Inc. $HCI

New York State Teachers Retirement System increased its stake in shares of HCI Group, Inc. (NYSE:HCI) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,593 shares of the insurance provider’s stock after acquiring an additional 200 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of HCI Group worth $1,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of HCI. Global Assets Advisory LLC purchased a new stake in shares of HCI Group during the second quarter valued at approximately $46,000. USA Financial Formulas raised its holdings in HCI Group by 250.0% during the 2nd quarter. USA Financial Formulas now owns 518 shares of the insurance provider’s stock valued at $79,000 after buying an additional 370 shares during the last quarter. GAMMA Investing LLC boosted its position in HCI Group by 16.6% during the 1st quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider’s stock valued at $89,000 after buying an additional 85 shares during the period. Russell Investments Group Ltd. boosted its position in HCI Group by 825.7% during the 1st quarter. Russell Investments Group Ltd. now owns 648 shares of the insurance provider’s stock valued at $97,000 after buying an additional 578 shares during the period. Finally, Simplex Trading LLC bought a new stake in HCI Group in the 1st quarter worth $148,000. Institutional investors own 86.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Zacks Research raised shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 8th. Wall Street Zen lowered HCI Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of HCI Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $181.25.

HCI Group Price Performance

Shares of NYSE HCI opened at $200.97 on Thursday. HCI Group, Inc. has a 1 year low of $105.00 and a 1 year high of $201.91. The stock has a market capitalization of $2.60 billion, a P/E ratio of 17.82 and a beta of 1.17. The company’s 50-day moving average is $179.28 and its 200 day moving average is $160.05. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.71 and a quick ratio of 0.71.

HCI Group (NYSE:HCI) last posted its earnings results on Thursday, August 7th. The insurance provider reported $5.18 earnings per share for the quarter, topping analysts’ consensus estimates of $4.47 by $0.71. The firm had revenue of $221.92 million for the quarter, compared to the consensus estimate of $218.98 million. HCI Group had a return on equity of 25.84% and a net margin of 18.58%. On average, sell-side analysts expect that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, November 21st will be issued a $0.40 dividend. The ex-dividend date is Friday, November 21st. This represents a $1.60 dividend on an annualized basis and a yield of 0.8%. HCI Group’s dividend payout ratio is 14.18%.

HCI Group Company Profile

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.