Hci Group Stock Price, News & Analysis

HCI Group, Inc. (NYSE:HCI) will host a conference call on May 5, 2022, at 8:30 a.m. ET to discuss its Q1 2022 financial results, set to be released on May 4. The call will be available via a listen-only number or through a webcast on the company’s investor website. HCI operates in homeowners insurance, reinsurance, real estate, and IT services, and its subsidiaries include TypTap Insurance Company and Homeowners Choice Property & Casualty Insurance Company, Inc. The company’s shares are part of the Russell 2000 and S&P SmallCap 600 Index.

HCI Group, Inc. (NYSE:HCI) will hold its Annual Meeting of Shareholders on June 2, 2022, at 3:00 p.m. at its Tampa headquarters. Shareholders on record by April 12, 2022, can vote on key proposals, including the election of Class B Directors, the ratification of external auditors, and advisory approval of executive compensation. HCI operates in homeowners insurance, IT services, real estate, and reinsurance, with subsidiaries like TypTap Insurance Company and Homeowners Choice Property & Casualty Insurance Company.

The board of directors of HCI Group (NYSE: HCI) has authorized a share repurchase plan of up to $20 million in 2022. This plan allows for periodic buybacks in open market purchases, block transactions, and private negotiations under applicable federal laws. The plan may be modified or terminated at any time without prior notice. HCI Group operates mainly in homeowners insurance, and its subsidiaries include TypTap Insurance Company and Homeowners Choice Property & Casualty Insurance Company, providing insurance and real estate services.

HCI Group, a multi-faceted holding company, reported a net income of $1.4 million for Q4 2021, a drop from $2.7 million in Q4 2020. The adjusted net loss was $0.1 million, compared to an adjusted net income of $1.8 million a year earlier. Despite this, gross written premiums rose 35.9% to $189.3 million. For the full year, net income totaled $7.2 million, sharply down from $27.6 million in 2020, attributed to a prior one-time gain. However, gross written premiums increased 33.8% to $674.4 million.

HCI Group, Inc. (NYSE:HCI) reported a significant reduction in its 4.25% Convertible Senior Notes, lowering the outstanding balance to approximately $24 million from $139 million last year. No noteholders exercised their purchase option by the February 28 deadline. HCI Chairman Paresh Patel stated the company has improved its balance sheet, achieving a debt-to-capital ratio of 16% and maintaining over $100 million in liquidity for growth funding in 2022. HCI operates in homeowners insurance, information technology, real estate, and reinsurance.

HCI Group, Inc. (NYSE: HCI) will participate in the Bank of America Securities 2022 Insurance Conference on February 15, 2022. HCI's Chairman and CEO, Paresh Patel, is scheduled for a panel discussion at 10:15 a.m. Eastern time. Throughout the day, management will also engage in one-on-one meetings with institutional investors. HCI Group is known for its diverse operations in homeowners insurance, reinsurance, real estate, and information technology services, with its leading insurance operation, TypTap Insurance Company, expanding nationwide.

HCI Group, Inc. (NYSE:HCI), a diverse holding company based in Tampa, will hold a conference call on March 9, 2022, at 8:30 a.m. Eastern time to discuss its Q4 and full-year results for 2021. The results will be released after market hours on March 8, 2022. Interested parties can participate via telephone or by accessing the webcast through the Investor Information section of HCI's website. A replay will be available on the same day after 8:00 p.m. Eastern time until April 8, 2022.

The board of directors of HCI Group has declared a quarterly cash dividend of 40 cents per share for Q1 2022. This dividend will be paid on March 18, 2022, to shareholders recorded by the close of business on February 18, 2022. HCI Group operates in homeowners insurance, information technology services, real estate, and reinsurance sectors, with its insurance segment led by TypTap Insurance Company. The company trades under the ticker HCI on the NYSE.

HCI Group, Inc. (NYSE:HCI) has paused the initial public offering (IPO) of its subsidiary, TypTap Insurance Group, due to unfavorable market conditions. Chairman and CEO Paresh Patel stated that current market pricing does not reflect TypTap's value. HCI believes it can support TypTap's growth without IPO funding and will reassess conditions over the coming quarters for a potential future offering. A registration statement for the IPO has been filed but is not yet effective. HCI focuses on diverse business activities including homeowners insurance, reinsurance, and real estate.