Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Position in HCI Group, Inc. $HCI

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in HCI Group, Inc. (NYSE:HCI) by 17.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,390 shares of the insurance provider’s stock after buying an additional 358 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in HCI Group were worth $364,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Global Assets Advisory LLC bought a new stake in shares of HCI Group in the second quarter worth approximately $46,000. USA Financial Formulas boosted its holdings in HCI Group by 250.0% in the second quarter. USA Financial Formulas now owns 518 shares of the insurance provider’s stock worth $79,000 after purchasing an additional 370 shares during the last quarter. Russell Investments Group Ltd. grew its position in HCI Group by 825.7% in the 1st quarter. Russell Investments Group Ltd. now owns 648 shares of the insurance provider’s stock worth $97,000 after purchasing an additional 578 shares during the period. GAMMA Investing LLC grew its position in HCI Group by 24.5% in the 2nd quarter. GAMMA Investing LLC now owns 742 shares of the insurance provider’s stock worth $113,000 after purchasing an additional 146 shares during the period. Finally, Simplex Trading LLC purchased a new stake in HCI Group during the 1st quarter valued at $148,000. Institutional investors own 86.99% of the company’s stock.

Analysts Set New Price Targets

HCI has been the topic of a number of research reports. Zacks Research upgraded HCI Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 8th. Oppenheimer cut HCI Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 13th. Wall Street Zen raised shares of HCI Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Truist Financial increased their price objective on shares of HCI Group from $190.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Finally, Citizens Jmp raised their price objective on shares of HCI Group from $225.00 to $255.00 and gave the stock a “market outperform” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $230.00.

HCI Group Stock Up 0.8%

HCI stock opened at $177.02 on Thursday. The business’s 50-day moving average price is $189.59 and its 200-day moving average price is $167.90. The stock has a market cap of $2.29 billion, a P/E ratio of 15.69 and a beta of 1.16. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.02. HCI Group, Inc. has a twelve month low of $106.89 and a twelve month high of $210.50.

HCI Group (NYSE:HCI) last released its earnings results on Thursday, November 6th. The insurance provider reported $4.90 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $223.53 million. On average, equities research analysts forecast that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, November 21st will be issued a $0.40 dividend. The ex-dividend date is Friday, November 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.9%. HCI Group’s payout ratio is 10.22%.

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.