Robeco Institutional Asset Management B.V. Invests $1.22 Million in HCI Group, Inc. $HCI

Robeco Institutional Asset Management B.V. bought a new position in HCI Group, Inc. (NYSE:HCI) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 8,000 shares of the insurance provider’s stock, valued at approximately $1,218,000. Robeco Institutional Asset Management B.V. owned approximately 0.07% of HCI Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. USA Financial Formulas increased its holdings in HCI Group by 250.0% in 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 holdings in HCI Group by 17.6% in the 2nd 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 in the last quarter. Counterpoint Mutual Funds LLC acquired a new position in HCI Group in the 2nd quarter worth about $410,000. GAMMA Investing LLC increased its holdings in HCI Group by 24.5% in the 2nd quarter. GAMMA Investing LLC now owns 742 shares of the insurance provider’s stock worth $113,000 after purchasing an additional 146 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in HCI Group in the 2nd quarter worth about $7,449,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

HCI Group Stock Performance

Shares of HCI opened at $196.82 on Wednesday. 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 company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 17.45 and a beta of 1.17. The stock has a 50 day moving average of $168.43 and a 200 day moving average of $156.45. HCI Group, Inc. has a 12 month low of $91.06 and a 12 month high of $198.70.

HCI Group (NYSE:HCI) last announced its quarterly earnings results on Thursday, August 7th. The insurance provider reported $5.18 earnings per share for the quarter, beating the consensus estimate of $4.47 by $0.71. The company had revenue of $221.92 million during the quarter, compared to analysts’ expectations of $218.98 million. HCI Group had a return on equity of 25.84% and a net margin of 18.58%. As a group, sell-side analysts forecast that HCI Group, Inc. will post 6.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

HCI has been the topic of a number of analyst reports. Wall Street Zen lowered HCI Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of HCI Group in a research report on Saturday, September 27th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $181.25.

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.