Louisiana State Employees Retirement System Has $439,000 Stock Holdings in HCI Group, Inc. (NYSE:HCI)

Louisiana State Employees Retirement System increased its position in HCI Group, Inc. (NYSE:HCI) by 10.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,100 shares of the insurance provider’s stock after purchasing an additional 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in HCI Group were worth $439,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Khrom Capital Management LLC boosted its position in HCI Group by 225.3% during the second quarter. Khrom Capital Management LLC now owns 587,204 shares of the insurance provider’s stock worth $54,123,000 after purchasing an additional 406,698 shares during the period. American Century Companies Inc. lifted its stake in shares of HCI Group by 130.5% during the 2nd quarter. American Century Companies Inc. now owns 110,271 shares of the insurance provider’s stock worth $10,164,000 after buying an additional 62,438 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of HCI Group by 1,648.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 56,996 shares of the insurance provider’s stock worth $6,102,000 after buying an additional 53,737 shares during the period. Hood River Capital Management LLC grew its stake in HCI Group by 6.3% in the 2nd quarter. Hood River Capital Management LLC now owns 767,544 shares of the insurance provider’s stock valued at $70,745,000 after buying an additional 45,668 shares during the last quarter. Finally, West Coast Financial LLC bought a new position in HCI Group in the 2nd quarter valued at about $3,407,000. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Stock Up 1.4 %

NYSE HCI opened at $117.00 on Thursday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 9.15 and a beta of 1.12. The company has a 50 day moving average of $107.58 and a 200-day moving average of $100.43. HCI Group, Inc. has a 1-year low of $62.01 and a 1-year high of $124.00.

HCI Group (NYSE:HCI) last announced its quarterly earnings data on Thursday, August 8th. The insurance provider reported $4.21 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.63. The firm had revenue of $206.25 million during the quarter, compared to analysts’ expectations of $196.67 million. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. During the same period in the previous year, the firm earned $1.22 EPS. On average, equities research analysts expect that HCI Group, Inc. will post 6.15 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, December 20th. Investors of record on Friday, November 15th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, November 15th. This represents a $1.60 annualized dividend and a yield of 1.37%. HCI Group’s dividend payout ratio is 12.51%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HCI. StockNews.com cut HCI Group from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. JMP Securities restated a “market outperform” rating and issued a $145.00 price target on shares of HCI Group in a research note on Tuesday, October 15th. Finally, Compass Point reaffirmed a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of HCI Group in a report on Monday, October 21st. Two research analysts have 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 $129.25.

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.