Mercer Global Advisors Inc. ADV Takes $1.05 Million Position in HCI Group, Inc. (NYSE:HCI)

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

A number of other institutional investors have also recently added to or reduced their stakes in HCI. Wasatch Advisors LP lifted its holdings in shares of HCI Group by 288.9% during the fourth quarter. Wasatch Advisors LP now owns 294,349 shares of the insurance provider’s stock worth $34,300,000 after purchasing an additional 218,664 shares during the period. Khrom Capital Management LLC raised its position in HCI Group by 20.7% during the 4th quarter. Khrom Capital Management LLC now owns 796,170 shares of the insurance provider’s stock worth $92,778,000 after purchasing an additional 136,642 shares during the last quarter. Hood River Capital Management LLC lifted its holdings in HCI Group by 15.7% during the 4th quarter. Hood River Capital Management LLC now owns 940,000 shares of the insurance provider’s stock worth $109,538,000 after buying an additional 127,332 shares during the period. Park West Asset Management LLC bought a new stake in shares of HCI Group in the 4th quarter valued at about $7,499,000. Finally, Invesco Ltd. increased its stake in shares of HCI Group by 93.0% in the fourth quarter. Invesco Ltd. now owns 113,710 shares of the insurance provider’s stock valued at $13,251,000 after buying an additional 54,803 shares during the period. 86.99% of the stock is owned by institutional investors.

HCI Group Stock Performance

Shares of HCI Group stock opened at $167.29 on Friday. The business has a 50-day moving average price of $143.19 and a two-hundred day moving average price of $126.43. HCI Group, Inc. has a 1-year low of $83.65 and a 1-year high of $176.40. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. The company has a market cap of $1.80 billion, a P/E ratio of 13.98 and a beta of 1.23.

HCI Group (NYSE:HCI) last released 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. HCI Group had a return on equity of 34.17% and a net margin of 19.37%. The business had revenue of $216.43 million during the quarter, compared to analysts’ expectations of $214.89 million. As a group, analysts anticipate 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, June 20th. Investors of record on Friday, May 16th will be given 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%.

Analyst Upgrades and Downgrades

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

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.