13,317 Shares in Homeowners Choice Inc (HCI) Purchased by Arizona State Retirement System

Arizona State Retirement System bought a new position in Homeowners Choice Inc (NYSE:HCI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,317 shares of the insurance provider’s stock, valued at approximately $398,000. Arizona State Retirement System owned about 0.14% of Homeowners Choice as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in HCI. Wells Fargo & Company MN raised its stake in shares of Homeowners Choice by 15.7% in the fourth quarter. Wells Fargo & Company MN now owns 15,713 shares of the insurance provider’s stock worth $469,000 after buying an additional 2,137 shares during the period. American Research & Management Co. raised its stake in Homeowners Choice by 4.6% during the 4th quarter. American Research & Management Co. now owns 36,125 shares of the insurance provider’s stock valued at $1,080,000 after purchasing an additional 1,600 shares during the period. California Public Employees Retirement System raised its stake in Homeowners Choice by 11.8% during the 4th quarter. California Public Employees Retirement System now owns 44,163 shares of the insurance provider’s stock valued at $1,320,000 after purchasing an additional 4,668 shares during the period. Victory Capital Management Inc. raised its stake in Homeowners Choice by 43.3% during the 4th quarter. Victory Capital Management Inc. now owns 45,000 shares of the insurance provider’s stock valued at $1,346,000 after purchasing an additional 13,600 shares during the period. Finally, Wedge Capital Management L L P NC raised its stake in Homeowners Choice by 72.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 23,800 shares of the insurance provider’s stock valued at $712,000 after purchasing an additional 10,000 shares during the period. 70.44% of the stock is currently owned by institutional investors and hedge funds.

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Several analysts recently issued reports on the company. TheStreet downgraded Homeowners Choice from a “b-” rating to a “c” rating in a research note on Wednesday, March 21st. Zacks Investment Research downgraded Homeowners Choice from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, ValuEngine raised Homeowners Choice from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Homeowners Choice presently has an average rating of “Hold” and a consensus price target of $44.00.

NYSE:HCI traded up $0.63 during trading hours on Thursday, reaching $39.09. The stock had a trading volume of 40,823 shares, compared to its average volume of 130,876. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.23. Homeowners Choice Inc has a 52 week low of $27.11 and a 52 week high of $49.25.

Homeowners Choice (NYSE:HCI) last announced its earnings results on Tuesday, March 6th. The insurance provider reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.32. The firm had revenue of $61.62 million during the quarter, compared to analysts’ expectations of $62.98 million. Homeowners Choice had a negative return on equity of 3.21% and a negative net margin of 2.82%. The company’s quarterly revenue was down 14.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 EPS. analysts expect that Homeowners Choice Inc will post 3.73 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 16th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date was Thursday, February 15th. Homeowners Choice’s dividend payout ratio (DPR) is -186.67%.

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Homeowners Choice Company Profile

HCI Group, Inc primarily engages in the property and casualty insurance business in Florida. It provides property and casualty insurance to homeowners, condominium owners, and tenants; and reinsurance. The company also owns and operates one full-service restaurant, two marinas, two retail shopping centers, and one office building.

Institutional Ownership by Quarter for Homeowners Choice (NYSE:HCI)

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