HCI Group, Inc. (NYSE:HCI) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System grew its holdings in HCI Group, Inc. (NYSE:HCI) by 1.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,493 shares of the insurance provider’s stock after buying an additional 100 shares during the period. New York State Teachers Retirement System’s holdings in HCI Group were worth $1,223,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Point72 DIFC Ltd lifted its stake in shares of HCI Group by 75.0% in the 3rd quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider’s stock valued at $53,000 after purchasing an additional 213 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of HCI Group by 28.4% in the 4th quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider’s stock valued at $60,000 after purchasing an additional 113 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in HCI Group by 49.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 911 shares of the insurance provider’s stock worth $98,000 after acquiring an additional 300 shares in the last quarter. Amalgamated Bank lifted its stake in HCI Group by 10.3% during the 3rd quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider’s stock worth $258,000 after acquiring an additional 225 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in HCI Group during the 3rd quarter worth about $370,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Price Performance

Shares of NYSE HCI opened at $117.42 on Monday. The stock’s 50-day moving average is $118.21 and its two-hundred day moving average is $111.24. 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, Inc. has a 1-year low of $83.64 and a 1-year high of $126.50. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 9.81 and a beta of 1.12.

HCI Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 21st will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, February 21st. This represents a $1.60 annualized dividend and a yield of 1.36%. HCI Group’s dividend payout ratio (DPR) is 13.37%.

Analysts Set New Price Targets

Several research firms recently issued reports on HCI. Truist Financial reissued a “buy” rating and set a $145.00 target price on shares of HCI Group in a research note on Tuesday, December 17th. Oppenheimer increased their target price on HCI Group from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $140.00.

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.