KLP Kapitalforvaltning AS Has $274,000 Holdings in HCI Group, Inc. $HCI

KLP Kapitalforvaltning AS lifted its holdings in shares of HCI Group, Inc. (NYSE:HCI) by 20.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,800 shares of the insurance provider’s stock after purchasing an additional 300 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in HCI Group were worth $274,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in HCI. Global Assets Advisory LLC bought a new position in HCI Group during the 2nd quarter worth $46,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of HCI Group during the 2nd quarter valued at $1,218,000. USA Financial Formulas grew its holdings in shares of HCI Group by 250.0% during the 2nd quarter. USA Financial Formulas now owns 518 shares of the insurance provider’s stock worth $79,000 after purchasing an additional 370 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of HCI Group by 17.6% in the second quarter. State of Alaska Department of Revenue now owns 5,532 shares of the insurance provider’s stock worth $841,000 after purchasing an additional 827 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new position in HCI Group in the second quarter valued at about $410,000. 86.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HCI has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of HCI Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 22nd. Zacks Research upgraded shares of HCI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of HCI Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $181.25.

HCI Group Trading Down 0.4%

Shares of HCI Group stock opened at $189.55 on Monday. The firm’s 50 day moving average is $176.73 and its 200 day moving average is $159.09. The firm has a market capitalization of $2.46 billion, a PE ratio of 16.80 and a beta of 1.17. HCI Group, Inc. has a 1 year low of $105.00 and a 1 year high of $201.91. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02.

HCI Group (NYSE:HCI) last issued its earnings results on Thursday, August 7th. The insurance provider reported $5.18 earnings per share for the quarter, beating analysts’ consensus estimates of $4.47 by $0.71. The firm had revenue of $221.92 million for the quarter, compared to analyst estimates of $218.98 million. HCI Group had a net margin of 18.58% and a return on equity of 25.84%. Equities research analysts forecast that HCI Group, Inc. will post 6.78 earnings per share for the current fiscal year.

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.