Teacher Retirement System of Texas Grows Stock Holdings in HCI Group, Inc. $HCI

Teacher Retirement System of Texas boosted its stake in shares of HCI Group, Inc. (NYSE:HCI) by 85.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,302 shares of the insurance provider’s stock after purchasing an additional 4,758 shares during the period. Teacher Retirement System of Texas’ holdings in HCI Group were worth $1,977,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Marshall Wace LLP lifted its holdings in shares of HCI Group by 107.3% during the 2nd quarter. Marshall Wace LLP now owns 158,224 shares of the insurance provider’s stock valued at $24,082,000 after buying an additional 81,884 shares during the period. American Century Companies Inc. lifted its holdings in HCI Group by 15.2% in the second quarter. American Century Companies Inc. now owns 521,641 shares of the insurance provider’s stock valued at $79,394,000 after acquiring an additional 68,860 shares during the period. Balyasny Asset Management L.P. boosted its position in HCI Group by 46.8% in the second quarter. Balyasny Asset Management L.P. now owns 185,430 shares of the insurance provider’s stock worth $28,222,000 after purchasing an additional 59,134 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of HCI Group by 92.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 117,580 shares of the insurance provider’s stock valued at $21,971,000 after purchasing an additional 56,475 shares during the period. Finally, Millennium Management LLC increased its position in shares of HCI Group by 78.7% during the 1st quarter. Millennium Management LLC now owns 102,377 shares of the insurance provider’s stock valued at $15,278,000 after purchasing an additional 45,097 shares during the last quarter. Institutional investors own 86.99% of the company’s stock.

HCI Group Price Performance

NYSE:HCI opened at $158.76 on Friday. The business’s 50-day simple moving average is $177.67 and its two-hundred day simple moving average is $174.92. HCI Group, Inc. has a 52 week low of $115.65 and a 52 week high of $210.50. The stock has a market cap of $2.06 billion, a PE ratio of 10.14 and a beta of 1.20. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.04.

HCI Group (NYSE:HCI) last posted its quarterly earnings results on Thursday, November 6th. The insurance provider reported $4.90 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $2.46. HCI Group had a return on equity of 31.18% and a net margin of 24.97%.The company had revenue of $216.35 million for the quarter, compared to analysts’ expectations of $223.53 million. As a group, 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, March 20th. Shareholders of record on Friday, February 20th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, February 20th. HCI Group’s payout ratio is currently 10.22%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Zacks Research downgraded shares of HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Wall Street Zen upgraded shares of HCI Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Oppenheimer lowered HCI Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of HCI Group in a research report on Monday, December 29th. Finally, Citizens Jmp upped their price target on HCI Group from $225.00 to $255.00 and gave the stock a “market outperform” rating in a research report on Monday, November 10th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $230.00.

HCI Group Profile

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.