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Teacher Retirement System of Texas Cuts Stake in HCI Group, Inc. (NYSE:HCI)

HCI Group logo with Finance background

Teacher Retirement System of Texas lessened its position in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 69.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,025 shares of the insurance provider's stock after selling 9,082 shares during the period. Teacher Retirement System of Texas' holdings in HCI Group were worth $601,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of HCI. Charles Schwab Investment Management Inc. boosted its holdings in HCI Group by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 77,391 shares of the insurance provider's stock worth $9,018,000 after purchasing an additional 3,815 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in HCI Group during the 4th quarter worth approximately $1,358,000. Raymond James Financial Inc. bought a new position in shares of HCI Group in the 4th quarter worth $2,713,000. HighTower Advisors LLC increased its holdings in shares of HCI Group by 9.7% in the 4th quarter. HighTower Advisors LLC now owns 6,345 shares of the insurance provider's stock worth $739,000 after buying an additional 559 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in shares of HCI Group by 64.7% in the 4th quarter. Royce & Associates LP now owns 9,560 shares of the insurance provider's stock worth $1,114,000 after buying an additional 3,755 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Stock Performance

Shares of NYSE:HCI traded down $0.60 during midday trading on Friday, reaching $143.43. The company's stock had a trading volume of 162,538 shares, compared to its average volume of 140,203. The firm has a market capitalization of $1.66 billion, a PE ratio of 13.87 and a beta of 1.21. HCI Group, Inc. has a twelve month low of $87.01 and a twelve month high of $176.40. The stock has a fifty day moving average of $154.99 and a 200 day moving average of $140.23. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.34.

HCI Group (NYSE:HCI - Get Free Report) last announced its earnings results on Thursday, May 8th. The insurance provider reported $5.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.86. The business had revenue of $216.43 million for the quarter, compared to analyst estimates of $214.89 million. HCI Group had a net margin of 17.38% and a return on equity of 27.69%. On average, equities analysts expect that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 15th will be paid 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 15.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HCI shares. Compass Point raised shares of HCI Group from a "neutral" rating to a "buy" rating and increased their price target for the company from $148.00 to $205.00 in a research report on Friday, May 30th. JMP Securities lifted their price target 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $181.25.

Read Our Latest Research Report on HCI

About HCI Group

(Free Report)

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.

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Institutional Ownership by Quarter for HCI Group (NYSE:HCI)

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