Teacher Retirement System of Texas Has $844,000 Stake in HCI Group, Inc. $HCI

Teacher Retirement System of Texas lifted its stake in HCI Group, Inc. (NYSE:HCI) by 37.7% during the second quarter, Holdings Channel reports. The fund owned 5,544 shares of the insurance provider’s stock after acquiring an additional 1,519 shares during the quarter. Teacher Retirement System of Texas’ holdings in HCI Group were worth $844,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in HCI Group by 168.8% during the first quarter. American Century Companies Inc. now owns 452,781 shares of the insurance provider’s stock worth $67,569,000 after purchasing an additional 284,315 shares during the period. Wellington Management Group LLP lifted its stake in shares of HCI Group by 13.3% in the first quarter. Wellington Management Group LLP now owns 175,376 shares of the insurance provider’s stock worth $26,171,000 after buying an additional 20,537 shares during the last quarter. Millennium Management LLC lifted its stake in shares of HCI Group by 78.7% in the first quarter. Millennium Management LLC now owns 102,377 shares of the insurance provider’s stock worth $15,278,000 after buying an additional 45,097 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of HCI Group by 3.3% during the 1st quarter. Northern Trust Corp now owns 91,127 shares of the insurance provider’s stock worth $13,599,000 after buying an additional 2,897 shares during the period. Finally, Principal Financial Group Inc. grew its stake in HCI Group by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 61,664 shares of the insurance provider’s stock valued at $9,202,000 after buying an additional 1,332 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

HCI Group Price Performance

Shares of HCI Group stock opened at $179.32 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market cap of $2.32 billion, a PE ratio of 15.90 and a beta of 1.16. The firm has a fifty day moving average price of $188.79 and a two-hundred day moving average price of $165.00. HCI Group, Inc. has a fifty-two week low of $105.00 and a fifty-two week high of $210.50.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Thursday, November 6th. The insurance provider reported $4.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $2.46. HCI Group had a net margin of 18.58% and a return on equity of 25.84%. The company had revenue of $216.35 million for the quarter, compared to the consensus estimate of $223.53 million. Analysts expect that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, November 21st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.60 annualized dividend and a yield of 0.9%. HCI Group’s dividend payout ratio is 14.18%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Zacks Research upgraded shares of HCI Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 8th. Wall Street Zen raised HCI Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings reiterated a “buy (b-)” rating on shares of HCI Group in a research note on Wednesday, October 8th. Finally, Truist Financial boosted their price objective on HCI Group from $190.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $221.67.

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.