Louisiana State Employees Retirement System Purchases Shares of 4,800 HCI Group, Inc. $HCI

Louisiana State Employees Retirement System bought a new stake in shares of HCI Group, Inc. (NYSE:HCI) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,800 shares of the insurance provider’s stock, valued at approximately $742,000.

Other hedge funds have also recently bought and sold shares of the company. Kestra Private Wealth Services LLC purchased a new position in HCI Group during the first quarter worth about $479,000. SG Americas Securities LLC boosted its stake in shares of HCI Group by 82.2% in the 1st quarter. SG Americas Securities LLC now owns 8,968 shares of the insurance provider’s stock worth $1,387,000 after buying an additional 4,045 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of HCI Group by 909.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 646 shares of the insurance provider’s stock valued at $124,000 after acquiring an additional 582 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in HCI Group by 464.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 627 shares of the insurance provider’s stock worth $120,000 after purchasing an additional 516 shares during the last quarter. Finally, Invesco Ltd. grew its stake in HCI Group by 14.1% in the 4th quarter. Invesco Ltd. now owns 145,086 shares of the insurance provider’s stock valued at $27,812,000 after purchasing an additional 17,883 shares during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.

HCI Group Stock Up 1.1%

Shares of NYSE:HCI traded up $2.04 during trading on Tuesday, reaching $183.76. 4,678 shares of the stock traded hands, compared to its average volume of 171,204. The stock has a market cap of $2.35 billion, a P/E ratio of 8.09 and a beta of 1.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50-day moving average of $161.08 and a two-hundred day moving average of $164.05. HCI Group, Inc. has a 52-week low of $136.37 and a 52-week high of $210.50.

HCI Group (NYSE:HCI) last posted its quarterly earnings data on Wednesday, May 6th. The insurance provider reported $5.45 EPS for the quarter, beating analysts’ consensus estimates of $5.26 by $0.19. HCI Group had a return on equity of 30.88% and a net margin of 32.64%.The company had revenue of $242.88 million during the quarter, compared to analysts’ expectations of $245.09 million. As a group, sell-side analysts expect that HCI Group, Inc. will post 18.07 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 15th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, May 15th. HCI Group’s dividend payout ratio (DPR) is currently 7.02%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HCI. Wall Street Zen downgraded shares of HCI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Weiss Ratings upgraded HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Finally, Zacks Research cut HCI Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $245.00.

HCI Group Company Profile

HCI Group, Inc (NYSE: HCI) is a holding company whose principal business is the underwriting and issuance of property and casualty insurance through its insurance subsidiaries. Headquartered in Jacksonville, Florida, the company focuses primarily on personal-line insurance products, writing homeowners, condominium, renters and mobile home policies. HCI Group also offers wind-only and flood coverage in coastal regions across the state, providing tailored solutions to both coastal and non-coastal communities.

The company distributes its insurance products through a network of independent agents and brokers, leveraging local market expertise to assess risk and deliver personalized service.