Illinois Municipal Retirement Fund Sells 811 Shares of HCI Group, Inc. (NYSE:HCI)

Illinois Municipal Retirement Fund decreased its position in shares of HCI Group, Inc. (NYSE:HCI) by 16.8% during the first quarter, Holdings Channel.com reports. The fund owned 4,030 shares of the insurance provider’s stock after selling 811 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in HCI Group were worth $601,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in HCI Group by 16.6% during the 1st quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider’s stock worth $89,000 after acquiring an additional 85 shares during the period. Aquatic Capital Management LLC raised its stake in HCI Group by 1.7% during the 4th quarter. Aquatic Capital Management LLC now owns 5,694 shares of the insurance provider’s stock worth $664,000 after acquiring an additional 94 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in HCI Group by 5.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,702 shares of the insurance provider’s stock worth $548,000 after acquiring an additional 247 shares during the period. SG Americas Securities LLC raised its stake in HCI Group by 4.1% during the 1st quarter. SG Americas Securities LLC now owns 6,676 shares of the insurance provider’s stock worth $996,000 after acquiring an additional 265 shares during the period. Finally, MetLife Investment Management LLC raised its stake in HCI Group by 7.0% during the 4th quarter. MetLife Investment Management LLC now owns 5,024 shares of the insurance provider’s stock worth $585,000 after acquiring an additional 328 shares during the period. Institutional investors own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

HCI has been the topic of a number of recent analyst reports. JMP Securities raised their target price on shares of HCI Group from $210.00 to $225.00 and gave the stock a “market outperform” rating in a research note on Monday, May 19th. Compass Point upgraded shares of HCI Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $148.00 to $205.00 in a research report on Friday, May 30th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.25.

HCI Group Trading Up 0.9%

HCI Group stock opened at $146.76 on Friday. The stock has a market cap of $1.70 billion, a P/E ratio of 14.19 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.56 and a quick ratio of 0.56. HCI Group, Inc. has a 1 year low of $83.65 and a 1 year high of $176.40. The firm’s 50 day moving average price is $156.38 and its 200-day moving average price is $137.92.

HCI Group (NYSE:HCI) last released its quarterly earnings data on Thursday, May 8th. The insurance provider reported $5.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.86. The firm had revenue of $216.43 million for the quarter, compared to analysts’ expectations of $214.89 million. HCI Group had a net margin of 17.38% and a return on equity of 27.69%. On average, equities analysts predict that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 15th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Friday, August 15th. HCI Group’s payout ratio is currently 15.47%.

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.