Louisiana State Employees Retirement System Makes New Investment in HCI Group, Inc. $HCI

Louisiana State Employees Retirement System bought a new position in shares of HCI Group, Inc. (NYSE:HCI) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,800 shares of the insurance provider’s stock, valued at approximately $742,000.

Several other large investors have also recently bought and sold shares of HCI. Kestra Private Wealth Services LLC bought a new stake in shares of HCI Group during the first quarter worth approximately $479,000. SG Americas Securities LLC lifted its holdings in HCI Group by 82.2% during the 1st quarter. SG Americas Securities LLC now owns 8,968 shares of the insurance provider’s stock worth $1,387,000 after purchasing an additional 4,045 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in HCI Group by 909.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 646 shares of the insurance provider’s stock worth $124,000 after purchasing an additional 582 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in HCI Group by 464.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 627 shares of the insurance provider’s stock valued at $120,000 after purchasing an additional 516 shares during the period. Finally, Invesco Ltd. boosted 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 institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HCI. Weiss Ratings raised HCI Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Wall Street Zen lowered shares of HCI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Zacks Research downgraded shares of HCI Group from a “strong-buy” rating to a “hold” rating in a report 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $245.00.

HCI Group Price Performance

Shares of NYSE HCI traded up $2.04 during trading hours on Tuesday, hitting $183.76. 4,678 shares of the stock were exchanged, compared to its average volume of 171,204. HCI Group, Inc. has a 1-year low of $136.37 and a 1-year high of $210.50. 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 company has a market cap of $2.35 billion, a PE ratio of 8.09 and a beta of 1.03. The company’s fifty day simple moving average is $161.08 and its two-hundred day simple moving average is $164.05.

HCI Group (NYSE:HCI) last announced its quarterly earnings results on Wednesday, May 6th. The insurance provider reported $5.45 EPS for the quarter, beating analysts’ consensus estimates of $5.26 by $0.19. The company had revenue of $242.88 million during the quarter, compared to analysts’ expectations of $245.09 million. HCI Group had a return on equity of 30.88% and a net margin of 32.64%. On average, sell-side analysts predict that HCI Group, Inc. will post 18.07 EPS for the current 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. The ex-dividend date was Friday, May 15th. This represents a $1.60 annualized dividend and a yield of 0.9%. HCI Group’s dividend payout ratio (DPR) is presently 7.02%.

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.