Teacher Retirement System of Texas Purchases 4,758 Shares of HCI Group, Inc. $HCI

Teacher Retirement System of Texas lifted its position in shares of HCI Group, Inc. (NYSE:HCI) by 85.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,302 shares of the insurance provider’s stock after purchasing an additional 4,758 shares during the period. Teacher Retirement System of Texas owned 0.08% of HCI Group worth $1,977,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Quent Capital LLC bought a new stake in shares of HCI Group in the 3rd quarter worth approximately $25,000. EverSource Wealth Advisors LLC lifted its stake in HCI Group by 557.6% in the second quarter. EverSource Wealth Advisors LLC now owns 217 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 184 shares during the period. Global Assets Advisory LLC bought a new stake in HCI Group in the second quarter valued at $46,000. USA Financial Formulas increased its position 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 purchasing an additional 370 shares during the period. Finally, Caldwell Trust Co bought a new position in HCI Group in the 2nd quarter worth $83,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

HCI Group Stock Down 1.0%

NYSE:HCI opened at $158.76 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $2.06 billion, a P/E ratio of 10.14 and a beta of 1.20. HCI Group, Inc. has a fifty-two week low of $115.65 and a fifty-two week high of $210.50. The firm has a 50-day simple moving average of $177.67 and a two-hundred day simple moving average of $174.92.

HCI Group (NYSE:HCI) last posted its quarterly earnings results on Thursday, November 6th. The insurance provider reported $4.90 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $2.46. HCI Group had a net margin of 24.97% and a return on equity of 31.18%. The firm had revenue of $216.35 million for the quarter, compared to analysts’ expectations of $223.53 million. Analysts predict that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, February 20th. HCI Group’s dividend payout ratio is presently 10.22%.

Wall Street Analyst Weigh In

HCI has been the topic of several research analyst reports. Oppenheimer cut shares of HCI Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 13th. Zacks Research downgraded HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Truist Financial raised their target price on HCI Group from $190.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Citizens Jmp upped their price target on HCI Group from $225.00 to $255.00 and gave the stock a “market outperform” rating in a research note on Monday, November 10th. Finally, Citigroup reissued a “market outperform” rating on shares of HCI Group in a research report on Friday, January 16th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, HCI Group has an average rating of “Moderate Buy” and an average target price of $230.00.

HCI Group Profile

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.