Wellington Management Group LLP Purchases 8,101 Shares of HCI Group, Inc. (NYSE:HCI)

Wellington Management Group LLP lifted its holdings in HCI Group, Inc. (NYSE:HCI - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 154,839 shares of the insurance provider's stock after purchasing an additional 8,101 shares during the quarter. Wellington Management Group LLP owned 1.44% of HCI Group worth $18,043,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of HCI. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of HCI Group during the fourth quarter valued at about $3,526,000. ProShare Advisors LLC acquired a new position in HCI Group during the 4th quarter valued at about $291,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of HCI Group by 5.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,702 shares of the insurance provider's stock worth $548,000 after buying an additional 247 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of HCI Group in the 4th quarter worth approximately $255,000. Finally, Graham Capital Management L.P. lifted its stake in shares of HCI Group by 8.5% in the 4th quarter. Graham Capital Management L.P. now owns 8,864 shares of the insurance provider's stock worth $1,033,000 after acquiring an additional 695 shares during the period. Institutional investors own 86.99% of the company's stock.

Analyst Upgrades and Downgrades

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

HCI Group Stock Down 3.4%

Shares of NYSE HCI traded down $5.77 during mid-day trading on Tuesday, reaching $165.52. The company had a trading volume of 130,547 shares, compared to its average volume of 137,027. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 13.83 and a beta of 1.23. HCI Group, Inc. has a 12-month low of $83.65 and a 12-month high of $176.40. The stock has a fifty day moving average of $151.80 and a two-hundred day moving average of $132.15.

HCI Group (NYSE:HCI - Get Free Report) last posted its earnings results on Thursday, May 8th. The insurance provider reported $5.35 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.86. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. The firm had revenue of $216.43 million during the quarter, compared to analyst estimates of $214.89 million. As a group, equities research analysts expect that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 16th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Friday, May 16th. HCI Group's dividend payout ratio (DPR) is 15.47%.

HCI Group 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.