Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires Shares of 1,813 HCI Group, Inc. (NYSE:HCI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in HCI Group, Inc. (NYSE:HCI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,813 shares of the insurance provider's stock, valued at approximately $211,000.

Several other hedge funds have also recently bought and sold shares of HCI. Thrivent Financial for Lutherans lifted its holdings in HCI Group by 8.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,629 shares of the insurance provider's stock worth $710,000 after buying an additional 541 shares in the last quarter. Intech Investment Management LLC boosted its holdings in HCI Group by 108.0% in the third quarter. Intech Investment Management LLC now owns 4,526 shares of the insurance provider's stock valued at $485,000 after purchasing an additional 2,350 shares during the period. Charles Schwab Investment Management Inc. grew its stake in HCI Group by 167.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 73,576 shares of the insurance provider's stock worth $7,877,000 after purchasing an additional 46,057 shares in the last quarter. FMR LLC increased its holdings in HCI Group by 49.6% during the 3rd quarter. FMR LLC now owns 32,571 shares of the insurance provider's stock worth $3,487,000 after purchasing an additional 10,795 shares during the period. Finally, BNP Paribas Financial Markets raised its position in HCI Group by 1.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,518 shares of the insurance provider's stock valued at $2,304,000 after purchasing an additional 343 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial restated a "buy" rating and set a $145.00 target price on shares of HCI Group in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, HCI Group currently has a consensus rating of "Moderate Buy" and an average target price of $140.00.

HCI Group Stock Down 1.0 %

NYSE HCI traded down $1.52 during trading on Monday, reaching $148.95. 115,960 shares of the company's stock were exchanged, compared to its average volume of 137,540. The company has a 50 day moving average price of $129.17 and a two-hundred day moving average price of $118.84. The stock has a market cap of $1.60 billion, a P/E ratio of 12.44 and a beta of 1.14. HCI Group, Inc. has a 1 year low of $83.65 and a 1 year high of $151.88. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47.

HCI Group (NYSE:HCI - Get Free Report) last posted its earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share for the quarter, beating the consensus estimate of ($2.75) by $3.06. The business had revenue of $161.88 million during the quarter, compared to the consensus estimate of $175.11 million. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. On average, equities research analysts anticipate that HCI Group, Inc. will post 6.78 EPS for the current fiscal year.

HCI Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, February 21st. HCI Group's payout ratio is currently 18.18%.

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.