Teacher Retirement System of Texas Decreases Position in HCI Group, Inc. (NYSE:HCI)

Teacher Retirement System of Texas reduced its holdings in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 69.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,025 shares of the insurance provider's stock after selling 9,082 shares during the quarter. Teacher Retirement System of Texas' holdings in HCI Group were worth $601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of HCI. GAMMA Investing LLC lifted its stake 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 acquiring an additional 85 shares during the period. KLP Kapitalforvaltning AS bought a new position in HCI Group during the fourth quarter valued at approximately $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in HCI Group in the fourth quarter worth approximately $211,000. CCG Wealth Management LLC purchased a new stake in HCI Group during the 1st quarter valued at $246,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in HCI Group in the fourth quarter valued at about $255,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HCI shares. JMP Securities increased their price objective on shares of HCI Group from $210.00 to $225.00 and gave the stock a "market outperform" rating in a research note on Monday, May 19th. Compass Point raised HCI Group from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $148.00 to $205.00 in a research note on Friday, May 30th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $181.25.

HCI Group Price Performance

Shares of HCI stock traded up $0.29 during mid-day trading on Thursday, hitting $143.25. The company had a trading volume of 35,429 shares, compared to its average volume of 139,830. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.56 and a quick ratio of 0.56. The stock's 50 day moving average price is $155.68 and its 200-day moving average price is $139.85. HCI Group, Inc. has a 52-week low of $87.01 and a 52-week high of $176.40. The company has a market capitalization of $1.65 billion, a P/E ratio of 13.82 and a beta of 1.21.

HCI Group (NYSE:HCI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The insurance provider reported $5.35 earnings per share for the quarter, beating analysts' consensus estimates of $4.49 by $0.86. The firm had revenue of $216.43 million during the quarter, compared to analyst estimates of $214.89 million. HCI Group had a return on equity of 27.69% and a net margin of 17.38%. Equities research analysts forecast that HCI Group, Inc. will post 6.78 earnings per share for the current year.

HCI Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 15th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, August 15th. HCI Group's dividend payout ratio (DPR) is presently 15.47%.

About HCI Group

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.