Teacher Retirement System of Texas Sells 9,082 Shares of HCI Group, Inc. (NYSE:HCI)

Teacher Retirement System of Texas reduced its holdings in shares of HCI Group, Inc. (NYSE:HCI) by 69.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,025 shares of the insurance provider’s stock after selling 9,082 shares during the period. Teacher Retirement System of Texas’ holdings in HCI Group were worth $601,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Hood River Capital Management LLC increased its position in HCI Group by 15.7% during the fourth quarter. Hood River Capital Management LLC now owns 940,000 shares of the insurance provider’s stock valued at $109,538,000 after acquiring an additional 127,332 shares during the last quarter. Khrom Capital Management LLC grew its holdings in HCI Group by 20.7% during the fourth quarter. Khrom Capital Management LLC now owns 796,170 shares of the insurance provider’s stock valued at $92,778,000 after purchasing an additional 136,642 shares during the period. Vanguard Group Inc. raised its stake in shares of HCI Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 597,295 shares of the insurance provider’s stock worth $69,603,000 after buying an additional 7,732 shares during the period. Wasatch Advisors LP grew its stake in shares of HCI Group by 288.9% during the 4th quarter. Wasatch Advisors LP now owns 294,349 shares of the insurance provider’s stock valued at $34,300,000 after acquiring an additional 218,664 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of HCI Group by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 227,567 shares of the insurance provider’s stock valued at $26,524,000 after acquiring an additional 7,746 shares during the period. Institutional investors own 86.99% of the company’s stock.

HCI Group Price Performance

HCI stock opened at $141.18 on Wednesday. The company has a market capitalization of $1.63 billion, a PE ratio of 13.65 and a beta of 1.21. The company’s fifty day moving average price is $155.83 and its 200-day moving average price is $139.83. HCI Group, Inc. has a one year low of $87.01 and a one year high of $176.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.56 and a current ratio of 0.56.

HCI Group (NYSE:HCI) last released its quarterly earnings data on Thursday, May 8th. The insurance provider reported $5.35 EPS for the quarter, beating the consensus estimate of $4.49 by $0.86. HCI Group had a net margin of 17.38% and a return on equity of 27.69%. The business had revenue of $216.43 million during the quarter, compared to the consensus estimate of $214.89 million. On average, equities analysts anticipate that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.13%. The ex-dividend date is Friday, August 15th. HCI Group’s dividend payout ratio is presently 15.47%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HCI. Compass Point raised shares of HCI Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $148.00 to $205.00 in a report on Friday, May 30th. JMP Securities upped their target price on shares of HCI Group from $210.00 to $225.00 and gave the stock a “market outperform” rating in a report on Monday, May 19th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, HCI Group has a consensus rating of “Moderate Buy” and an average price target of $181.25.

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.