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

Wellington Management Group LLP lifted its position in shares of HCI Group, Inc. (NYSE:HCI) by 58.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,738 shares of the insurance provider’s stock after purchasing an additional 54,050 shares during the quarter. Wellington Management Group LLP’s holdings in HCI Group were worth $15,710,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HCI. New York State Teachers Retirement System boosted its holdings in HCI Group by 1.5% during the third quarter. New York State Teachers Retirement System now owns 10,393 shares of the insurance provider’s stock worth $1,113,000 after buying an additional 155 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of HCI Group by 2.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 6,088 shares of the insurance provider’s stock worth $561,000 after acquiring an additional 174 shares in the last quarter. GAMMA Investing LLC grew its position in shares of HCI Group by 80.9% during the 3rd quarter. GAMMA Investing LLC now owns 398 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 178 shares during the period. Point72 DIFC Ltd increased its stake in shares of HCI Group by 75.0% in the 3rd quarter. Point72 DIFC Ltd now owns 497 shares of the insurance provider’s stock valued at $53,000 after purchasing an additional 213 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in HCI Group by 10.3% in the 3rd quarter. Amalgamated Bank now owns 2,413 shares of the insurance provider’s stock worth $258,000 after purchasing an additional 225 shares during the period. 86.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HCI has been the subject of a number of recent analyst reports. Compass Point restated a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of HCI Group in a research report on Monday, October 21st. Truist Financial increased their price objective on shares of HCI Group from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 8th. Oppenheimer increased their target price on HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $145.00 price objective on shares of HCI Group in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.00.

HCI Group Trading Up 0.9 %

NYSE HCI opened at $114.24 on Friday. HCI Group, Inc. has a 12 month low of $81.35 and a 12 month high of $126.50. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 9.54 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.47 and a quick ratio of 0.47. The firm’s fifty day moving average price is $114.00 and its 200 day moving average price is $101.93.

HCI Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 15th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.40%. The ex-dividend date is Friday, November 15th. HCI Group’s dividend payout ratio (DPR) is 13.37%.

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.