HCI Group, Inc. (NYSE:HCI) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in HCI Group, Inc. (NYSE:HCI - Free Report) by 5.5% in the fourth 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 1.47% of HCI Group worth $18,043,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of HCI Group by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 597,295 shares of the insurance provider's stock valued at $69,603,000 after acquiring an additional 7,732 shares during the last quarter. State Street Corp raised its position in HCI Group by 7.7% during the third quarter. State Street Corp now owns 291,244 shares of the insurance provider's stock valued at $31,181,000 after purchasing an additional 20,910 shares during the period. Geode Capital Management LLC lifted its stake in shares of HCI Group by 28.7% in the 3rd quarter. Geode Capital Management LLC now owns 219,821 shares of the insurance provider's stock valued at $23,538,000 after purchasing an additional 48,969 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of HCI Group by 16.3% in the 4th quarter. American Century Companies Inc. now owns 168,466 shares of the insurance provider's stock worth $19,631,000 after purchasing an additional 23,610 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in shares of HCI Group by 80.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 102,916 shares of the insurance provider's stock valued at $11,781,000 after purchasing an additional 45,920 shares during the last quarter. 86.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial reaffirmed a "buy" rating and set a $145.00 price target on shares of HCI Group in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $140.00.

HCI Group Trading Up 2.5 %

HCI stock traded up $3.73 during mid-day trading on Monday, reaching $150.28. The company had a trading volume of 12,829 shares, compared to its average volume of 144,127. HCI Group, Inc. has a 12 month low of $83.65 and a 12 month high of $151.88. The company has a market capitalization of $1.62 billion, a PE ratio of 12.56 and a beta of 1.12. The firm has a 50 day moving average of $133.37 and a 200 day moving average of $121.54. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47.

HCI Group (NYSE:HCI - Get Free Report) last issued its earnings results on Thursday, February 27th. The insurance provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of ($2.75) by $3.06. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. The business had revenue of $161.88 million during the quarter, compared to analysts' expectations of $175.11 million. On average, equities analysts predict that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

HCI Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.06%. HCI Group's dividend payout ratio is presently 18.18%.

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.