HCI Group, Inc. (NYSE:HCI) Stock Holdings Lifted by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its position in shares of HCI Group, Inc. (NYSE:HCI) by 15.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,114 shares of the insurance provider’s stock after acquiring an additional 2,141 shares during the quarter. Public Sector Pension Investment Board’s holdings in HCI Group were worth $1,485,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Gladius Capital Management LP purchased a new position in HCI Group during the 2nd quarter worth approximately $31,000. CWM LLC boosted its position in shares of HCI Group by 115.4% in the second quarter. CWM LLC now owns 924 shares of the insurance provider’s stock worth $85,000 after buying an additional 495 shares during the period. SageView Advisory Group LLC acquired a new stake in shares of HCI Group in the first quarter worth $219,000. Virtu Financial LLC purchased a new position in shares of HCI Group during the first quarter valued at $230,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in HCI Group during the first quarter valued at $242,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

HCI Group Stock Performance

Shares of HCI stock opened at $107.06 on Tuesday. HCI Group, Inc. has a fifty-two week low of $52.08 and a fifty-two week high of $121.57. The stock’s 50-day moving average is $96.21 and its two-hundred day moving average is $100.54. 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 firm has a market cap of $1.12 billion, a P/E ratio of 10.89 and a beta of 1.13.

HCI Group (NYSE:HCI) last released its quarterly earnings data on Thursday, August 8th. The insurance provider reported $4.21 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.63. The firm had revenue of $206.25 million for the quarter, compared to the consensus estimate of $196.67 million. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. During the same quarter in the prior year, the company posted $1.22 earnings per share. Analysts predict that HCI Group, Inc. will post 12.37 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 16th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Friday, August 16th. HCI Group’s payout ratio is presently 16.28%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JMP Securities reaffirmed a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a research note on Monday, September 23rd. StockNews.com downgraded shares of HCI Group from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, HCI Group has an average rating of “Moderate Buy” and a consensus target price of $130.25.

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.