New York State Teachers Retirement System Acquires 200 Shares of HCI Group, Inc. $HCI

New York State Teachers Retirement System boosted its holdings in HCI Group, Inc. (NYSE:HCI) by 1.9% during the second quarter, Holdings Channel.com reports. The firm 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’s holdings in HCI Group were worth $1,612,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HCI. American Century Companies Inc. boosted its position in shares of HCI Group by 168.8% in the 1st quarter. American Century Companies Inc. now owns 452,781 shares of the insurance provider’s stock worth $67,569,000 after purchasing an additional 284,315 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in HCI Group during the second quarter valued at $7,449,000. Millennium Management LLC boosted its holdings in HCI Group by 78.7% in the first quarter. Millennium Management LLC now owns 102,377 shares of the insurance provider’s stock worth $15,278,000 after acquiring an additional 45,097 shares in the last quarter. Informed Momentum Co LLC purchased a new stake in shares of HCI Group in the first quarter worth $4,068,000. Finally, Kingdon Capital Management L.L.C. bought a new position in shares of HCI Group during the first quarter valued at $3,880,000. Institutional investors own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

HCI has been the topic of a number of analyst reports. Wall Street Zen cut shares of HCI Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of HCI Group in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of HCI Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $181.25.

HCI Group Price Performance

NYSE HCI opened at $200.97 on Thursday. HCI Group, Inc. has a one year low of $105.00 and a one year high of $201.91. The stock has a 50-day moving average of $179.28 and a 200 day moving average of $160.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 17.82 and a beta of 1.17.

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

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors 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 annualized dividend and a yield of 0.8%. HCI Group’s dividend payout ratio (DPR) is currently 14.18%.

HCI Group 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.