HCI Group, Inc. announces $80 million share repurchase program, subject to market conditions and management's discretion.
Quiver AI Summary
HCI Group, Inc. has announced a share repurchase program authorized by its board of directors, allowing the company to buy back up to $80 million of its common shares over the next year, depending on market conditions. The repurchase will be conducted through various methods, including open market purchases and negotiated transactions, adhering to federal securities laws. The specific timing and amounts of repurchases will be determined by management and may vary based on numerous factors, including market prices and regulatory requirements. HCI Group, a diversified holding company engaged in multiple sectors such as insurance and technology, emphasizes that the program does not commit the company to buy a specific number of shares and can be paused or canceled at any time. The company's stock is traded on the NYSE under the ticker symbol "HCI."
Potential Positives
- The board of directors has authorized a significant share repurchase program of up to $80 million, indicating confidence in the company's value and financial health.
- This program enhances shareholder value by potentially increasing earnings per share through the reduction of the number of shares outstanding.
- The flexibility of the repurchase program allows management to act in accordance with market conditions, optimizing the timing and execution of the buyback.
- This initiative may bolster investor confidence and attract additional investors, positively impacting stock performance and market perception.
Potential Negatives
- The share repurchase program is subject to market conditions and management's discretion, indicating potential uncertainty regarding the company's commitment to actually repurchasing shares.
- The program can be canceled or suspended at any time without notice, which may create apprehension among investors about the reliability of the company’s intentions.
- The press release highlights that forward-looking statements are subject to various risks and uncertainties, which could have material adverse effects on the company, suggesting potential vulnerabilities in its financial health.
FAQ
What is the purpose of HCI Group's share repurchase program?
The program aims to repurchase up to $80 million of the company’s common shares, subject to market conditions.
How long will the share repurchase program last?
The program has a term of one year and may be canceled or suspended at any time without notice.
What factors determine the timing of share repurchases?
The timing and total amount will depend on management's discretion and various market and business conditions.
Where can I find more information about HCI Group?
More information about HCI Group and its subsidiaries is available on their website at www.hcigroup.com.
What are forward-looking statements in the press release?
Forward-looking statements indicate expectations about future results and are subject to various risks and uncertainties.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HCI Revenue
$HCI had revenues of $246.2M in Q4 2025. This is an increase of 52.12% from the same period in the prior year.
You can track HCI financials on Quiver Quantitative's HCI stock page.
$HCI Hedge Fund Activity
We have seen 158 institutional investors add shares of $HCI stock to their portfolio, and 126 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP removed 345,051 shares (-97.8%) from their portfolio in Q4 2025, for an estimated $66,142,826
- FREESTONE GROVE PARTNERS LP added 214,464 shares (+353.6%) to their portfolio in Q4 2025, for an estimated $41,110,604
- PHILADELPHIA FINANCIAL MANAGEMENT OF SAN FRANCISCO, LLC added 160,000 shares (+inf%) to their portfolio in Q4 2025, for an estimated $30,670,400
- KHROM CAPITAL MANAGEMENT LLC removed 134,391 shares (-19.3%) from their portfolio in Q4 2025, for an estimated $25,761,410
- VOYA INVESTMENT MANAGEMENT LLC added 131,408 shares (+1648.0%) to their portfolio in Q4 2025, for an estimated $25,189,599
- MARSHALL WACE, LLP removed 94,438 shares (-68.1%) from their portfolio in Q4 2025, for an estimated $18,102,820
- DANSKE BANK A/S added 86,821 shares (+1391.6%) to their portfolio in Q4 2025, for an estimated $16,642,717
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$HCI Analyst Ratings
Wall Street analysts have issued reports on $HCI in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Citizens issued a "Market Outperform" rating on 11/10/2025
- Truist Securities issued a "Buy" rating on 11/07/2025
To track analyst ratings and price targets for $HCI, check out Quiver Quantitative's $HCI forecast page.
$HCI Price Targets
Multiple analysts have issued price targets for $HCI recently. We have seen 2 analysts offer price targets for $HCI in the last 6 months, with a median target of $245.0.
Here are some recent targets:
- Matthew J. Carletti from Citizens set a target price of $255.0 on 11/10/2025
- Mark Hughes from Truist Securities set a target price of $235.0 on 11/07/2025
Full Release
TAMPA, Fla., March 03, 2026 (GLOBE NEWSWIRE) -- The board of directors of HCI Group, Inc. (NYSE:HCI) has authorized a program to repurchase up to $80 million of the company’s common shares, subject to market conditions.
The program permits the company to repurchase shares for cash periodically in open market purchases, block transactions, privately negotiated transactions in accordance with applicable federal securities laws, or by other means, including through the use of trading programs intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in accordance with applicable securities laws and other restrictions, including Rule 10b-18 under that Act. The timing and total amount of any stock repurchases will be determined at management's discretion and depend upon business, economic and market conditions, corporate and regulatory requirements, prevailing stock prices and other considerations. The share repurchase program has a term of one year, does not obligate HCI Group to acquire a specific number of shares of common stock, and may be canceled or suspended at any time without notice.
About HCI Group, Inc.
HCI Group, Inc. is a diversified holding company engaged in insurance, reinsurance, real estate, claims services, and insurance technology. The HCI Group portfolio of companies includes multiple P&C underwriters and exchanges, a captive reinsurer, a claims management business, a commercial real estate investment company and leading insurance technology company, Exzeo Group, Inc. HCI was founded in 2006 and operates in 13 states.
HCI's common shares trade on the New York Stock Exchange under the ticker symbol "HCI" and are included in the Russell 2000 and S&P SmallCap 600 Index. HCI Group, Inc. regularly publishes financial and other information in the Investor Information section of the company’s website. For more information about HCI Group and its subsidiaries, visit www.hcigroup.com. Exzeo’s common shares trade on the New York Stock Exchange under the ticker symbol “XZO.” For more information about Exzeo, visit www.exzeo.com .
Forward-Looking Statements
This news release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “confident,” “prospects” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. There can be no assurance, for example, that changes in the trading price of the company’s common shares or changes in the company’s cash flow will not impact the ability or willingness of HCI Group to repurchase shares. Some of these risks and uncertainties are identified in the company’s filings with the Securities and Exchange Commission. Should any risks or uncertainties develop into actual events, these developments could have material adverse effects on the company’s business, financial condition and results of operations. HCI Group, Inc. disclaims all obligations to update any forward-looking statements.
Company Contact
Nat Otis
Investor Relations
HCI Group, Inc.
Tel (813) 405-5341
[email protected]
