Teacher Retirement System of Texas Cuts Stock Position in HCI Group, Inc. (NYSE:HCI)

Teacher Retirement System of Texas trimmed its stake in shares of HCI Group, Inc. (NYSE:HCI - Free Report) by 14.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,107 shares of the insurance provider's stock after selling 2,251 shares during the period. Teacher Retirement System of Texas owned approximately 0.12% of HCI Group worth $1,527,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC grew its position in HCI Group by 116.3% in the 4th quarter. Intech Investment Management LLC now owns 9,792 shares of the insurance provider's stock worth $1,141,000 after purchasing an additional 5,266 shares during the period. Royce & Associates LP grew its holdings in shares of HCI Group by 64.7% in the fourth quarter. Royce & Associates LP now owns 9,560 shares of the insurance provider's stock worth $1,114,000 after acquiring an additional 3,755 shares during the period. HighTower Advisors LLC increased its position in HCI Group by 9.7% during the fourth quarter. HighTower Advisors LLC now owns 6,345 shares of the insurance provider's stock valued at $739,000 after acquiring an additional 559 shares during the last quarter. Clare Market Investments LLC purchased a new stake in HCI Group during the fourth quarter valued at $296,000. Finally, Raymond James Financial Inc. bought a new position in HCI Group in the fourth quarter valued at about $2,713,000. Institutional investors own 86.99% of the company's stock.

Analyst Upgrades and Downgrades

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

HCI Group Stock Performance

Shares of NYSE:HCI traded down $2.54 during midday trading on Wednesday, hitting $144.46. The company had a trading volume of 110,583 shares, compared to its average volume of 139,147. HCI Group, Inc. has a 12-month low of $83.65 and a 12-month high of $151.88. The company has a fifty day moving average of $129.99 and a two-hundred day moving average of $119.34. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 12.07 and a beta of 1.14. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47.

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

HCI Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Friday, February 21st. HCI Group's payout ratio is 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.