Mercer Global Advisors Inc. ADV Purchases New Shares in HCI Group, Inc. (NYSE:HCI)

Mercer Global Advisors Inc. ADV acquired a new position in HCI Group, Inc. (NYSE:HCI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 9,003 shares of the insurance provider’s stock, valued at approximately $1,049,000. Mercer Global Advisors Inc. ADV owned approximately 0.09% of HCI Group as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC raised its position in shares of HCI Group by 28.4% in the fourth quarter. GAMMA Investing LLC now owns 511 shares of the insurance provider’s stock valued at $60,000 after buying an additional 113 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in HCI Group in the 4th quarter valued at $175,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of HCI Group during the 4th quarter valued at $211,000. Integrated Quantitative Investments LLC acquired a new stake in shares of HCI Group during the 4th quarter worth $281,000. Finally, Clare Market Investments LLC bought a new position in shares of HCI Group in the fourth quarter worth $296,000. Institutional investors own 86.99% of the company’s stock.

Analyst Ratings Changes

Separately, JMP Securities upped their price objective on shares of HCI Group from $165.00 to $210.00 and gave the stock a “market outperform” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, HCI Group has an average rating of “Moderate Buy” and a consensus price target of $156.25.

HCI Group Price Performance

HCI Group stock opened at $167.29 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. HCI Group, Inc. has a 52 week low of $83.65 and a 52 week high of $176.40. The stock has a market capitalization of $1.80 billion, a P/E ratio of 13.98 and a beta of 1.23. The stock has a fifty day moving average of $143.19 and a 200-day moving average of $126.43.

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

HCI Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. HCI Group’s payout ratio is presently 18.18%.

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.