California State Teachers Retirement System continued to hold its position in shares of HCI Group Inc. (NYSE:HCI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,170 shares of the company’s stock at the end of the second quarter. California State Teachers Retirement System owned approximately 0.17% of HCI Group worth $496,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the stock. Bank of Montreal Can purchased a new position in shares of HCI Group during the second quarter worth about $2,135,000. Nisa Investment Advisors LLC raised its position in shares of HCI Group by 390.0% in the second quarter. Nisa Investment Advisors LLC now owns 9,800 shares of the company’s stock worth $267,000 after buying an additional 7,800 shares during the last quarter. Foundry Partners LLC raised its position in shares of HCI Group by 47.4% in the second quarter. Foundry Partners LLC now owns 119,800 shares of the company’s stock worth $3,268,000 after buying an additional 38,520 shares during the last quarter. AMP Capital Investors Ltd raised its position in shares of HCI Group by 15.8% in the first quarter. AMP Capital Investors Ltd now owns 21,300 shares of the company’s stock worth $708,000 after buying an additional 2,900 shares during the last quarter. Finally, Hancock Holding Co. raised its position in shares of HCI Group by 1.1% in the first quarter. Hancock Holding Co. now owns 230,840 shares of the company’s stock worth $7,687,000 after buying an additional 2,470 shares during the last quarter. 66.58% of the stock is owned by hedge funds and other institutional investors.
HCI Group Inc. (NYSE:HCI) traded down 2.39% during midday trading on Monday, hitting $28.24. The stock had a trading volume of 72,559 shares. The company has a market cap of $293.36 million, a P/E ratio of 9.07 and a beta of 2.16. HCI Group Inc. has a one year low of $24.35 and a one year high of $45.50. The stock’s 50-day moving average is $30.84 and its 200-day moving average is $30.71.
HCI Group (NYSE:HCI) last posted its earnings results on Tuesday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by $0.34. HCI Group had a net margin of 12.77% and a return on equity of 13.37%. The firm earned $61.52 million during the quarter, compared to the consensus estimate of $64.86 million. During the same quarter last year, the firm posted $1.93 EPS. The business’s revenue was down 22.2% on a year-over-year basis. Equities analysts predict that HCI Group Inc. will post $2.79 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 19th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date was Wednesday, August 17th. HCI Group’s dividend payout ratio (DPR) is currently 39.09%.
Separately, JMP Securities decreased their price target on HCI Group from $40.00 to $38.00 and set a “market outperform” rating for the company in a research note on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $45.50.
About HCI Group
HCI Group, Inc (HCI) is a holding company. The Company is engaged in providing property and casualty insurance to homeowners, condominium owners, and tenants in the state of Florida through its subsidiaries. The Company operates through property and casualty insurance operations segment. The Company’s operations include Insurance Operations and Other Operations.
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