New York State Teachers Retirement System Buys 155 Shares of HCI Group, Inc. (NYSE:HCI)

New York State Teachers Retirement System increased its position in shares of HCI Group, Inc. (NYSE:HCI) by 1.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,393 shares of the insurance provider’s stock after buying an additional 155 shares during the period. New York State Teachers Retirement System owned 0.10% of HCI Group worth $1,113,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bernzott Capital Advisors increased its holdings in shares of HCI Group by 8.0% during the third quarter. Bernzott Capital Advisors now owns 84,357 shares of the insurance provider’s stock valued at $9,031,000 after acquiring an additional 6,237 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in HCI Group by 49.1% during the third quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider’s stock worth $98,000 after acquiring an additional 300 shares during the period. State of Alaska Department of Revenue grew its position in HCI Group by 11.8% during the third quarter. State of Alaska Department of Revenue now owns 4,815 shares of the insurance provider’s stock valued at $515,000 after buying an additional 510 shares during the period. Louisiana State Employees Retirement System lifted its stake in HCI Group by 10.8% in the third quarter. Louisiana State Employees Retirement System now owns 4,100 shares of the insurance provider’s stock valued at $439,000 after purchasing an additional 400 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of HCI Group by 56.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 35,315 shares of the insurance provider’s stock worth $3,781,000 after acquiring an additional 12,755 shares during the period. Institutional investors own 86.99% of the company’s stock.

HCI Group Stock Performance

HCI stock opened at $118.70 on Friday. The stock has a market capitalization of $1.24 billion, a PE ratio of 9.92 and a beta of 1.12. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. HCI Group, Inc. has a 12-month low of $74.50 and a 12-month high of $124.00. The stock’s 50 day simple moving average is $108.46 and its 200 day simple moving average is $100.48.

HCI Group (NYSE:HCI) last released its quarterly earnings results 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. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. The firm had revenue of $206.25 million for the quarter, compared to analysts’ expectations of $196.67 million. During the same period in the prior year, the firm earned $1.22 EPS. As a group, research analysts forecast that HCI Group, Inc. will post 6.15 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 15th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.60 annualized dividend and a yield of 1.35%. HCI Group’s payout ratio is presently 13.37%.

Analysts Set New Price Targets

HCI has been the subject of a number of analyst reports. Truist Financial raised their price target on HCI Group from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday. Oppenheimer lifted their price target on HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday. StockNews.com cut HCI Group from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Compass Point reaffirmed a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of HCI Group in a research note on Monday, October 21st. Finally, JMP Securities reissued a “market outperform” rating and set a $145.00 price objective on shares of HCI Group in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $140.00.

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.