Teacher Retirement System of Texas Sells 9,082 Shares of HCI Group, Inc. (NYSE:HCI)

Teacher Retirement System of Texas trimmed its holdings in shares of HCI Group, Inc. (NYSE:HCI) by 69.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 4,025 shares of the insurance provider’s stock after selling 9,082 shares during the quarter. Teacher Retirement System of Texas’ holdings in HCI Group were worth $601,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of HCI Group by 16.6% in the 1st quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider’s stock valued at $89,000 after purchasing an additional 85 shares during the last quarter. Aquatic Capital Management LLC raised its holdings 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 valued at $664,000 after buying an additional 94 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in HCI Group by 5.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,702 shares of the insurance provider’s stock worth $548,000 after buying an additional 247 shares during the period. SG Americas Securities LLC increased its position in HCI Group by 4.1% during the first quarter. SG Americas Securities LLC now owns 6,676 shares of the insurance provider’s stock valued at $996,000 after acquiring an additional 265 shares during the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of HCI Group by 7.0% in the fourth quarter. MetLife Investment Management LLC now owns 5,024 shares of the insurance provider’s stock valued at $585,000 after acquiring an additional 328 shares during the period. Institutional investors own 86.99% of the company’s stock.

Wall Street Analysts Forecast Growth

HCI has been the subject of a number of recent analyst reports. JMP Securities lifted their price target 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 raised shares of HCI Group from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $148.00 to $205.00 in a research note on Friday, May 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, HCI Group has a consensus rating of “Moderate Buy” and a consensus target price of $181.25.

HCI Group Stock Down 0.1%

NYSE:HCI opened at $141.18 on Wednesday. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 13.65 and a beta of 1.21. HCI Group, Inc. has a twelve month low of $87.01 and a twelve month high of $176.40. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $155.83 and a 200-day simple moving average of $139.83.

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 company had revenue of $216.43 million during 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%. Analysts anticipate that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.60 annualized dividend and a yield of 1.13%. HCI Group’s payout ratio is currently 15.47%.

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.