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HCI Group Inc - HCI STOCK NEWS

Welcome to our dedicated news page for HCI Group (Ticker: HCI), a resource for investors and traders seeking the latest updates and insights on HCI Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect HCI Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of HCI Group's position in the market.

News
HCI Group Declares Quarterly Cash Dividend
Rhea-AI Summary
HCI Group, Inc. (NYSE: HCI) has declared a quarterly cash dividend of 40 cents per common share. The dividend is set to be paid on June 21, 2024, to shareholders of record as of May 17, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.93%
Tags
dividends
-
News
HCI Group Announces Five-Year Employment Agreement with Chief Executive Officer
Rhea-AI Summary
HCI Group, Inc. announces a new five-year Executive Employment Agreement with Chairman and CEO Paresh Patel, securing his leadership for the future. The agreement includes a long-term equity incentive with a vesting threshold of $200 per share, highlighting Patel's commitment to the company's goals and objectives. Patel's proven success has driven HCI Group to over $1 billion in annual premium, showing best-in-class performance in the industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.01%
Tags
none
-
News
HCI Group Sets First Quarter 2024 Earnings Call for Wednesday, May 8, 2024, at 4:45 p.m. ET
Rhea-AI Summary
HCI Group, Inc. will host a conference call on May 8, 2024, to discuss first-quarter results. The call will include a presentation by HCI management and a Q&A session. Interested parties can listen live via phone or webcast. Financial results will be released on the same day after the market closes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.2%
Tags
earnings
News
HCI Group Sets 2024 Annual Shareholders Meeting and Record Date
Rhea-AI Summary
HCI Group, Inc. will hold its Annual Meeting of Shareholders on June 11, 2024. Shareholders can vote on proposals like electing directors and ratifying auditors. The meeting will also address executive compensation and other business matters.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.88%
Tags
none
-
News
HCI Group Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
HCI Group, Inc. reported strong financial performance in the fourth quarter of 2023, with pre-tax income of $54.2 million and net income of $40.9 million. The company achieved significant milestones, including growing premiums-in-force by 30%, reducing the gross loss ratio to 30%, and starting operations of a new insurance carrier. HCI Group also redeemed all outstanding preferred shares and completed a secondary common stock offering for $85 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.85%
Tags
earnings
-
News
HCI Group Sets Fourth Quarter and Full Year 2023 Earnings Call for Thursday, March 7 at 4:45 p.m. ET
Rhea-AI Summary
HCI Group, Inc. (NYSE: HCI) will hold a conference call on March 7th, 2024, to discuss financial results for the fourth quarter and year ended December 31, 2023. Interested parties can listen to the live presentation or access the webcast link on the company's website. A replay of the call will also be available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.61%
Tags
earnings
News
HCI Group Declares Quarterly Cash Dividend
Rhea-AI Summary
HCI Group, Inc. (NYSE: HCI) has declared a regular quarterly cash dividend of 40 cents per common share, to be paid on March 15, 2024, to shareholders of record as of February 16, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
Tags
dividends
-
News
HCI Group Takes Strategic Steps to Better Position Company for Future Opportunities
Rhea-AI Summary
HCI Group, Inc. announces strategic steps to increase operational and capital flexibility, including the modification of the company’s relationship with Centerbridge Partners L.P. and redeeming all outstanding preferred shares of TypTap Insurance Group held by Centerbridge. These steps are designed to better position the company for future growth opportunities and unlock additional shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.58%
Tags
none
-
News
HCI Group to Redeem 4.25% Convertible Senior Notes
Rhea-AI Summary
HCI Group, a holding company with operations in homeowners insurance, IT services, real estate, and reinsurance, has elected to redeem the remaining $24 million principal balance of its 4.25% Convertible Senior Notes. The redemption date is March 15, 2024, and the Notes became immediately convertible into HCI common shares at a conversion rate of 16.5893 common shares per $1,000 principal amount of the Notes. The company expects all holders to elect to convert their Notes, which will have no impact on HCI’s diluted share count. This move is part of HCI's efforts to strengthen its balance sheet and reduce its debt-to-capital ratio, while maintaining significant liquidity for future business initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.75%
Tags
none
News
Condo Owners Reciprocal Exchange, an HCI Group Sponsored Insurer, Secures ‘A’, Exceptional Rating From Demotech
Rhea-AI Summary
HCI Group, Inc. (NYSE: HCI) announced that Condo Owners Reciprocal Exchange secured a Financial Stability Rating of ‘A’, Exceptional, from Demotech. The company has a positive long-term relationship with Demotech and appreciates the continued support. Condo Owners Reciprocal Exchange is an HCI-sponsored reciprocal insurer with plans to write commercial residential policies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.36%
Tags
none
Stock HCI logo
HCI Group Inc

NYSE:HCI

HCI Rankings

#2325 Ranked by Market Cap
#347 Ranked by Stock Gains
#1660 Ranked by Dividends

HCI Stock Data

1.09B
5.10M
26.56%
68.91%
9.67%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
Link
US
Tampa

About HCI

hci group, inc. engages in the property and casualty insurance, reinsurance, real estate, and information technology businesses in florida. it provides residential insurance products, such as homeowners insurance, flood insurance, and wind-only insurance to homeowners, condominium owners, and tenants, as well as offers reinsurance programs. the company also owns and operates one full-service restaurant, marinas, waterfront property, retail shopping centres, office building, and vacant shopping centre for investment purposes. in addition, it designs and develops web-based applications and products for mobile devices, including sams and claimcolony applications. the company was formerly known as homeowners choice, inc. and changed its name to hci group, inc. in may 2013. hci group, inc. was founded in 2006 and is headquartered in tampa, florida.