State of Tennessee Department of Treasury Sells 2,544 Shares of HCI Group, Inc. (NYSE:HCI)

State of Tennessee Department of Treasury lowered its stake in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 36.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,487 shares of the insurance provider's stock after selling 2,544 shares during the period. State of Tennessee Department of Treasury's holdings in HCI Group were worth $523,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HCI. GAMMA Investing LLC lifted its holdings in shares of HCI Group by 28.4% in the fourth quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider's stock worth $60,000 after buying an additional 113 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in HCI Group in the 4th quarter valued at $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of HCI Group during the 4th quarter valued at $211,000. Integrated Quantitative Investments LLC bought a new position in shares of HCI Group in the fourth quarter worth $281,000. Finally, Clare Market Investments LLC purchased a new stake in shares of HCI Group in the fourth quarter worth $296,000. Hedge funds and other institutional investors own 86.99% of the company's stock.

HCI Group Price Performance

HCI Group stock opened at $147.33 on Friday. The business has a 50-day simple moving average of $140.85 and a 200 day simple moving average of $125.20. HCI Group, Inc. has a 52 week low of $83.65 and a 52 week high of $151.88. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 12.31 and a beta of 1.23. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.40.

HCI Group (NYSE:HCI - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The insurance provider reported $0.31 EPS for the quarter, topping analysts' consensus estimates of ($2.75) by $3.06. HCI Group had a net margin of 19.37% and a return on equity of 34.17%. The firm had revenue of $161.88 million for the quarter, compared to analyst estimates of $175.11 million. On average, research analysts forecast that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 16th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, May 16th. HCI Group's payout ratio is currently 18.18%.

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.

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