Bridgewater Advisors Inc. Acquires 2,506 Shares of HCI Group, Inc. $HCI

Bridgewater Advisors Inc. grew its holdings in HCI Group, Inc. (NYSE:HCI) by 101.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,983 shares of the insurance provider’s stock after purchasing an additional 2,506 shares during the quarter. Bridgewater Advisors Inc.’s holdings in HCI Group were worth $758,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HCI. Global Assets Advisory LLC bought a new position in shares of HCI Group in the 2nd quarter valued at about $46,000. USA Financial Formulas lifted its stake in shares of HCI Group by 250.0% in the 2nd quarter. USA Financial Formulas now owns 518 shares of the insurance provider’s stock valued at $79,000 after purchasing an additional 370 shares during the period. GAMMA Investing LLC lifted its stake in shares of HCI Group by 16.6% in the 1st quarter. GAMMA Investing LLC now owns 596 shares of the insurance provider’s stock valued at $89,000 after purchasing an additional 85 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of HCI Group by 825.7% in the 1st quarter. Russell Investments Group Ltd. now owns 648 shares of the insurance provider’s stock valued at $97,000 after purchasing an additional 578 shares during the period. Finally, Simplex Trading LLC acquired a new position in shares of HCI Group in the 1st quarter valued at $148,000. Institutional investors own 86.99% of the company’s stock.

HCI Group Stock Performance

Shares of HCI Group stock opened at $201.52 on Tuesday. The company has a market capitalization of $2.61 billion, a PE ratio of 17.87 and a beta of 1.17. HCI Group, Inc. has a 12 month low of $105.00 and a 12 month high of $210.50. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02. The stock’s fifty day simple moving average is $186.24 and its 200 day simple moving average is $163.82.

HCI Group (NYSE:HCI) last issued its quarterly earnings data on Thursday, August 7th. The insurance provider reported $5.18 EPS for the quarter, topping the consensus estimate of $4.47 by $0.71. The business had revenue of $221.92 million for 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%. On average, research analysts predict that HCI Group, Inc. will post 6.78 EPS for the current year.

HCI Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, November 21st. HCI Group’s dividend payout ratio (DPR) is 14.18%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HCI shares. Zacks Research raised HCI Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 8th. Wall Street Zen downgraded HCI Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 22nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of HCI Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat.com, HCI Group has an average rating of “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.