HCI Group, Inc. $HCI Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its stake in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 27.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,974 shares of the insurance provider's stock after buying an additional 5,805 shares during the quarter. Public Sector Pension Investment Board owned about 0.25% of HCI Group worth $4,025,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in HCI Group by 16.6% in the first quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider's stock valued at $89,000 after purchasing an additional 85 shares during the last quarter. Simplex Trading LLC purchased a new stake in HCI Group in the first quarter valued at $148,000. CCG Wealth Management LLC purchased a new stake in HCI Group in the first quarter valued at $246,000. Virtu Financial LLC purchased a new stake in HCI Group in the first quarter valued at $254,000. Finally, Cerity Partners LLC purchased a new stake in HCI Group in the first quarter valued at $274,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

HCI Group Price Performance

Shares of HCI traded up $1.95 during mid-day trading on Friday, hitting $165.42. 17,636 shares of the company were exchanged, compared to its average volume of 134,731. HCI Group, Inc. has a 1-year low of $90.05 and a 1-year high of $176.40. 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 50 day moving average of $146.57 and a 200-day moving average of $144.83. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 14.67 and a beta of 1.24.

HCI Group (NYSE:HCI - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The insurance provider reported $5.18 EPS for the quarter, beating analysts' consensus estimates of $4.47 by $0.71. The company had revenue of $221.92 million during the quarter, compared to the consensus estimate of $218.98 million. HCI Group had a net margin of 18.58% and a return on equity of 25.84%. Analysts expect that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 15th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 15th. HCI Group's dividend payout ratio (DPR) is currently 14.18%.

Analyst Upgrades and Downgrades

HCI has been the topic of several recent research reports. Compass Point raised shares of HCI Group from a "neutral" rating to a "buy" rating and upped their price target for the company from $148.00 to $205.00 in a report on Friday, May 30th. JMP Securities upped their price target on shares of HCI Group from $210.00 to $225.00 and gave the company a "market outperform" rating in a report on Monday, May 19th. Finally, Wall Street Zen raised shares of HCI Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $181.25.

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.