Teachers Retirement System of The State of Kentucky Cuts Stock Holdings in HCI Group, Inc. (NYSE:HCI)

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 34.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,799 shares of the insurance provider's stock after selling 4,019 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.07% of HCI Group worth $909,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. New York State Teachers Retirement System lifted its stake in HCI Group by 1.0% in the fourth quarter. New York State Teachers Retirement System now owns 10,493 shares of the insurance provider's stock worth $1,223,000 after acquiring an additional 100 shares during the last quarter. GAMMA Investing LLC lifted its stake in 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 acquiring an additional 113 shares during the last quarter. Rhumbline Advisers lifted its stake in HCI Group by 1.1% in the fourth quarter. Rhumbline Advisers now owns 22,315 shares of the insurance provider's stock worth $2,600,000 after acquiring an additional 232 shares during the last quarter. MetLife Investment Management LLC lifted its stake in HCI Group by 7.0% in the fourth quarter. MetLife Investment Management LLC now owns 5,024 shares of the insurance provider's stock worth $585,000 after acquiring an additional 328 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in HCI Group by 3.6% in the fourth quarter. Alliancebernstein L.P. now owns 10,249 shares of the insurance provider's stock worth $1,194,000 after acquiring an additional 354 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company's stock.

HCI Group Stock Down 0.3 %

HCI stock traded down $0.39 during midday trading on Thursday, reaching $145.91. 66,863 shares of the company were exchanged, compared to its average volume of 143,792. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. HCI Group, Inc. has a 1-year low of $83.65 and a 1-year high of $151.88. The stock's 50-day simple moving average is $139.79 and its 200 day simple moving average is $124.72. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 12.19 and a beta of 1.12.

HCI Group (NYSE:HCI - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The insurance provider reported $0.31 earnings per share 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 company had revenue of $161.88 million for the quarter, compared to analysts' expectations of $175.11 million. On average, equities 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, June 20th. Stockholders of record on Friday, May 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.10%. HCI Group's payout ratio is 18.18%.

HCI Group 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.