Bridgewater Advisors Inc. Invests $361,000 in HCI Group, Inc. (NYSE:HCI)

Bridgewater Advisors Inc. acquired a new stake in shares of HCI Group, Inc. (NYSE:HCI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,477 shares of the insurance provider's stock, valued at approximately $361,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in HCI Group by 5.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 77,391 shares of the insurance provider's stock valued at $9,018,000 after buying an additional 3,815 shares during the period. Proficio Capital Partners LLC purchased a new position in HCI Group in the fourth quarter valued at approximately $1,358,000. Raymond James Financial Inc. purchased a new position in HCI Group in the fourth quarter valued at approximately $2,713,000. HighTower Advisors LLC raised its holdings in HCI Group by 9.7% in the fourth quarter. HighTower Advisors LLC now owns 6,345 shares of the insurance provider's stock valued at $739,000 after buying an additional 559 shares during the period. Finally, Royce & Associates LP raised its holdings in HCI Group by 64.7% in the fourth quarter. Royce & Associates LP now owns 9,560 shares of the insurance provider's stock valued at $1,114,000 after buying an additional 3,755 shares during the period. Institutional investors and hedge funds own 86.99% of the company's stock.

HCI Group Stock Down 0.4%

NYSE:HCI traded down $0.60 during trading hours on Friday, hitting $143.43. The stock had a trading volume of 162,538 shares, compared to its average volume of 134,341. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.34. HCI Group, Inc. has a 1-year low of $87.00 and a 1-year high of $176.40. The business has a 50 day simple moving average of $155.47 and a two-hundred day simple moving average of $140.05. The company has a market cap of $1.66 billion, a PE ratio of 13.87 and a beta of 1.21.

HCI Group (NYSE:HCI - Get Free Report) last issued 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. HCI Group had a net margin of 17.38% and a return on equity of 27.69%. The company had revenue of $216.43 million during the quarter, compared to the consensus estimate of $214.89 million. Analysts predict that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Dividend Announcement

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 given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.12%. The ex-dividend date is Friday, August 15th. HCI Group's dividend payout ratio (DPR) is 15.47%.

Analyst Upgrades and Downgrades

HCI has been the topic of several research reports. JMP Securities raised their price target on shares of HCI Group from $210.00 to $225.00 and gave the company a "market outperform" rating in a report on Monday, May 19th. Compass Point upgraded shares of HCI Group from a "neutral" rating to a "buy" rating and raised their price target for the company from $148.00 to $205.00 in a report on Friday, May 30th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $181.25.

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.