Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $211,000 in HCI Group, Inc. (NYSE:HCI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in HCI Group, Inc. (NYSE:HCI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,813 shares of the insurance provider’s stock, valued at approximately $211,000.

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

HCI Group Stock Up 2.0 %

HCI stock opened at $148.28 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. The company’s 50 day simple moving average is $128.04 and its 200-day simple moving average is $117.80. HCI Group, Inc. has a 12 month low of $83.65 and a 12 month high of $149.60. The firm has a market capitalization of $1.60 billion, a PE ratio of 12.39 and a beta of 1.14.

HCI Group (NYSE:HCI) last released its quarterly earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of ($2.75) by $3.06. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. The company had revenue of $161.88 million during the quarter, compared to the consensus estimate of $175.11 million. Equities analysts expect that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.08%. HCI Group’s dividend payout ratio is currently 18.18%.

Wall Street Analyst Weigh In

Separately, Truist Financial reaffirmed a “buy” rating and issued a $145.00 price objective on shares of HCI Group in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, HCI Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.00.

About HCI Group

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.