HCI Group, Inc. (NYSE:HCI) Position Increased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its position in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 45.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,361 shares of the insurance provider's stock after purchasing an additional 3,562 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.11% of HCI Group worth $1,696,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of HCI Group by 16.6% in the first quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider's stock worth $89,000 after acquiring an additional 85 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of HCI Group in the fourth quarter worth approximately $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of HCI Group in the fourth quarter worth approximately $211,000. CCG Wealth Management LLC acquired a new stake in shares of HCI Group in the first quarter worth approximately $246,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of HCI Group in the fourth quarter worth approximately $255,000. 86.99% of the stock is owned by institutional investors and hedge funds.

HCI Group Stock Down 0.4%

Shares of NYSE HCI traded down $0.59 during trading on Friday, reaching $138.40. 155,101 shares of the stock were exchanged, compared to its average volume of 135,128. The business's 50-day moving average price is $153.30 and its 200 day moving average price is $141.00. HCI Group, Inc. has a twelve month low of $87.00 and a twelve month high of $176.40. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 13.39 and a beta of 1.21.

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

HCI Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 15th will be paid a $0.40 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. HCI Group's dividend payout ratio (DPR) is presently 15.47%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Compass Point raised shares of HCI Group from a "neutral" rating to a "buy" rating and lifted 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 company a "market outperform" rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.