HCI Group, Inc. (NYSE:HCI) Shares Bought by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp increased its holdings in HCI Group, Inc. (NYSE:HCI) by 28.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,685 shares of the insurance provider’s stock after buying an additional 1,719 shares during the quarter. Texas Permanent School Fund Corp owned about 0.07% of HCI Group worth $708,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quest Partners LLC acquired a new position in HCI Group in the 4th quarter worth approximately $28,000. Gladius Capital Management LP acquired a new position in HCI Group in the 2nd quarter worth approximately $31,000. CWM LLC grew its stake in shares of HCI Group by 115.4% during the 2nd quarter. CWM LLC now owns 924 shares of the insurance provider’s stock worth $85,000 after purchasing an additional 495 shares during the period. Arizona State Retirement System grew its stake in shares of HCI Group by 11.3% during the 2nd quarter. Arizona State Retirement System now owns 2,234 shares of the insurance provider’s stock worth $206,000 after purchasing an additional 227 shares during the period. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in shares of HCI Group during the 2nd quarter worth approximately $217,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HCI shares. JMP Securities raised their price objective on shares of HCI Group from $135.00 to $145.00 and gave the stock a “market outperform” rating in a research note on Friday, August 9th. StockNews.com cut shares of HCI Group from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, HCI Group has an average rating of “Moderate Buy” and an average price target of $130.25.

HCI Group Trading Down 0.8 %

Shares of NYSE:HCI opened at $105.04 on Friday. HCI Group, Inc. has a 1 year low of $50.01 and a 1 year high of $121.57. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 10.69 and a beta of 1.13. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.44 and a quick ratio of 0.44. The business’s 50 day moving average price is $94.56 and its 200-day moving average price is $100.63.

HCI Group (NYSE:HCI) last announced its earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $196.67 million. During the same quarter last year, the firm posted $1.22 EPS. On average, equities research analysts forecast that HCI Group, Inc. will post 12.37 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 16th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.52%. HCI Group’s dividend payout ratio (DPR) is 16.28%.

About HCI Group

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.