New York State Teachers Retirement System Boosts Stock Position in HCI Group, Inc. (NYSE:HCI)

New York State Teachers Retirement System grew its holdings in HCI Group, Inc. (NYSE:HCI) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,493 shares of the insurance provider’s stock after acquiring an additional 100 shares during the quarter. New York State Teachers Retirement System owned 0.10% of HCI Group worth $1,223,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its holdings in HCI Group by 77.3% in the third quarter. Barclays PLC now owns 15,501 shares of the insurance provider’s stock worth $1,659,000 after acquiring an additional 6,756 shares in the last quarter. Royce & Associates LP acquired a new stake in HCI Group in the third quarter worth about $621,000. Victory Capital Management Inc. boosted its holdings in HCI Group by 152.7% in the third quarter. Victory Capital Management Inc. now owns 22,234 shares of the insurance provider’s stock worth $2,380,000 after acquiring an additional 13,434 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in HCI Group by 16.4% in the third quarter. Principal Financial Group Inc. now owns 56,180 shares of the insurance provider’s stock worth $6,015,000 after acquiring an additional 7,914 shares in the last quarter. Finally, FMR LLC boosted its holdings in HCI Group by 49.6% in the third quarter. FMR LLC now owns 32,571 shares of the insurance provider’s stock worth $3,487,000 after acquiring an additional 10,795 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Stock Down 0.4 %

HCI Group stock opened at $117.42 on Monday. The stock has a market capitalization of $1.24 billion, a PE ratio of 9.81 and a beta of 1.12. HCI Group, Inc. has a 12 month low of $83.64 and a 12 month high of $126.50. The business has a 50 day simple moving average of $118.21 and a 200-day simple moving average of $111.24. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, February 21st. HCI Group’s payout ratio is 13.37%.

Analyst Upgrades and Downgrades

HCI has been the subject of a number of research reports. Oppenheimer lifted their target price on HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Truist Financial reaffirmed a “buy” rating and set a $145.00 target price on shares of HCI Group in a report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

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.