Teachers Retirement System of The State of Kentucky Lowers Holdings in HCI Group, Inc. $HCI

Teachers Retirement System of The State of Kentucky reduced its stake in shares of HCI Group, Inc. (NYSE:HCI) by 79.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,054 shares of the insurance provider’s stock after selling 7,865 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in HCI Group were worth $317,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HCI. Freestone Grove Partners LP lifted its holdings in shares of HCI Group by 353.6% in the 4th quarter. Freestone Grove Partners LP now owns 275,108 shares of the insurance provider’s stock valued at $52,735,000 after buying an additional 214,464 shares during the period. Danske Bank A S purchased a new stake in shares of HCI Group in the third quarter worth about $19,256,000. Jacobs Levy Equity Management Inc. grew its holdings in HCI Group by 129.1% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 125,399 shares of the insurance provider’s stock worth $24,038,000 after acquiring an additional 70,662 shares during the period. Balyasny Asset Management L.P. grew its holdings in HCI Group by 46.8% during the second quarter. Balyasny Asset Management L.P. now owns 185,430 shares of the insurance provider’s stock worth $28,222,000 after acquiring an additional 59,134 shares during the period. Finally, Invesco Ltd. raised its position in HCI Group by 85.6% during the third quarter. Invesco Ltd. now owns 127,203 shares of the insurance provider’s stock valued at $24,414,000 after acquiring an additional 58,663 shares in the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Zacks Research raised HCI Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 2nd. Wall Street Zen lowered shares of HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Weiss Ratings upgraded shares of HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Finally, Cantor Fitzgerald initiated coverage on shares of HCI Group in a report on Thursday, July 9th. They set an “overweight” rating and a $225.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, HCI Group presently has an average rating of “Buy” and an average target price of $238.33.

HCI Group Price Performance

Shares of HCI Group stock opened at $178.15 on Friday. The firm has a market cap of $2.27 billion, a PE ratio of 7.82 and a beta of 1.03. HCI Group, Inc. has a twelve month low of $136.37 and a twelve month high of $210.50. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $165.01 and a 200 day moving average price of $163.38.

HCI Group (NYSE:HCI) last issued its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $5.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.26 by $0.19. HCI Group had a return on equity of 30.88% and a net margin of 32.64%.The company had revenue of $242.88 million for the quarter, compared to the consensus estimate of $245.09 million. Sell-side analysts predict that HCI Group, Inc. will post 18.41 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be given a dividend of $0.40 per share. The ex-dividend date is Friday, August 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. HCI Group’s dividend payout ratio (DPR) is 7.02%.

About HCI Group

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.