Wellington Management Group LLP Has $26.17 Million Stake in HCI Group, Inc. $HCI

Key Points

• Wellington Management Group LLP increased its stake in HCI Group, Inc. by 13.3%, owning 1.63% of the company, valued at $26.17 million as of the latest SEC filing.
• HCI Group reported an EPS of $5.18, surpassing analysts' expectations, and achieved a return on equity of 25.84% with a net margin of 18.58%.
• A quarterly dividend of $0.40 per share will be paid on September 19th, offering investors a yield of 1.0%.

Wellington Management Group LLP grew its holdings in HCI Group, Inc. (NYSE:HCI - Free Report) by 13.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 175,376 shares of the insurance provider's stock after acquiring an additional 20,537 shares during the quarter. Wellington Management Group LLP owned 1.63% of HCI Group worth $26,171,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Northern Trust Corp increased its holdings in shares of HCI Group by 3.3% in the first quarter. Northern Trust Corp now owns 91,127 shares of the insurance provider's stock worth $13,599,000 after acquiring an additional 2,897 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of HCI Group by 30.3% during the first quarter. Raymond James Financial Inc. now owns 30,345 shares of the insurance provider's stock worth $4,528,000 after buying an additional 7,063 shares in the last quarter. Cresset Asset Management LLC bought a new position in shares of HCI Group during the first quarter worth about $209,000. American Century Companies Inc. grew its holdings in shares of HCI Group by 168.8% during the first quarter. American Century Companies Inc. now owns 452,781 shares of the insurance provider's stock worth $67,569,000 after buying an additional 284,315 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of HCI Group by 825.7% during the first quarter. Russell Investments Group Ltd. now owns 648 shares of the insurance provider's stock worth $97,000 after buying an additional 578 shares in the last quarter. 86.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HCI shares. Wall Street Zen downgraded HCI Group from a "strong-buy" rating to a "buy" rating in a report on Friday, August 22nd. JMP Securities increased their price objective on HCI Group from $210.00 to $225.00 and gave the stock a "market outperform" rating in a report on Monday, May 19th. Finally, Compass Point upgraded HCI Group from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $148.00 to $205.00 in a report on Friday, May 30th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $181.25.

HCI Group Stock Up 1.0%

HCI stock traded up $1.66 during mid-day trading on Friday, reaching $166.16. The company had a trading volume of 123,374 shares, compared to its average volume of 145,865. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a 50 day simple moving average of $148.12 and a two-hundred day simple moving average of $146.77. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 14.73 and a beta of 1.24. HCI Group, Inc. has a 52 week low of $91.06 and a 52 week high of $176.40.

HCI Group (NYSE:HCI - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The insurance provider reported $5.18 earnings per share for the quarter, beating analysts' consensus estimates of $4.47 by $0.71. The firm had revenue of $221.92 million during the quarter, compared to the consensus estimate of $218.98 million. HCI Group had a return on equity of 25.84% and a net margin of 18.58%. As a group, equities analysts predict that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 15th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, August 15th. HCI Group's dividend payout ratio (DPR) is currently 14.18%.

HCI Group Company Profile

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.