HCI Group, Inc. announces a quarterly cash dividend of 40 cents per share, payable on March 21, 2025.
Quiver AI Summary
HCI Group, Inc. has announced a quarterly cash dividend of 40 cents per common share, set to be paid on March 21, 2025, to shareholders on record as of February 21, 2025. The company, which operates in homeowners insurance, IT services, real estate, and reinsurance, aims to enhance shareholder value through this dividend. Its primary insurance arm, TypTap Insurance Company, utilizes technology developed by its software subsidiary, Exzeo USA, Inc. HCI Group is publicly traded on the NYSE under the ticker "HCI" and is part of the Russell 2000 and S&P SmallCap 600 Index. The release also includes a disclaimer about forward-looking statements and potential risks affecting dividend payments.
Potential Positives
- HCI Group, Inc. has declared a quarterly cash dividend of 40 cents per common share, signaling financial stability and shareholder value.
- The dividend payment is scheduled for March 21, 2025, enhancing the company's attractiveness to investors.
- HCI Group, Inc. operates diverse business segments, indicating resilience and multiple streams of revenue.
- The company’s common shares are traded on the NYSE and included in the Russell 2000 and S&P SmallCap 600 Index, which may boost investor confidence and interest.
Potential Negatives
- The declaration of a regular cash dividend may raise concerns among investors about the company's cash flow and financial stability, as the press release suggests that future dividends could be impacted by changes in cash flow and cash balances.
- The forward-looking statements disclaimer highlights potential risks and uncertainties that could adversely affect the company's operations and financial condition, which may undermine investor confidence.
- The reliance on diverse operations increases complexity and potential exposure to sector-specific downturns, particularly in the real estate and insurance markets, which can affect overall business performance.
FAQ
What is the amount of the quarterly dividend declared by HCI Group?
The HCI Group has declared a quarterly cash dividend of 40 cents per common share.
When will the dividend be paid to shareholders?
The dividend is scheduled to be paid on March 21, 2025.
What is the record date for HCI Group's dividend payment?
Shareholders must be on record by the close of business on February 21, 2025, to receive the dividend.
What sectors does HCI Group, Inc. operate in?
HCI Group operates in homeowners insurance, information technology services, real estate, and reinsurance.
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.
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 Hedge Fund Activity
We have seen 113 institutional investors add shares of $HCI stock to their portfolio, and 80 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PHILADELPHIA FINANCIAL MANAGEMENT OF SAN FRANCISCO, LLC removed 155,251 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $16,621,172
- DRIEHAUS CAPITAL MANAGEMENT LLC removed 149,017 shares (-22.3%) from their portfolio in Q3 2024, for an estimated $15,953,760
- TWO SIGMA ADVISERS, LP added 100,600 shares (+196.5%) to their portfolio in Q3 2024, for an estimated $10,770,236
- BLACKROCK, INC. added 96,192 shares (+7.8%) to their portfolio in Q3 2024, for an estimated $10,298,315
- MARSHALL WACE, LLP added 82,377 shares (+81.4%) to their portfolio in Q3 2024, for an estimated $8,819,281
- KHROM CAPITAL MANAGEMENT LLC added 72,324 shares (+12.3%) to their portfolio in Q3 2024, for an estimated $7,743,007
- PRINCIPAL FINANCIAL GROUP INC added 60,332 shares (+inf%) to their portfolio in Q4 2024, for an estimated $7,030,487
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
TAMPA, Fla., Feb. 04, 2025 (GLOBE NEWSWIRE) -- The board of directors of HCI Group, Inc. (NYSE: HCI) , a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, has declared a regular quarterly cash dividend in the amount of 40 cents per common share. The dividend is scheduled to be paid March 21, 2025 to shareholders of record at the close of business February 21, 2025.
About HCI Group, Inc.
HCI Group, Inc. owns subsidiaries engaged in diverse, yet complementary business activities, including homeowners insurance, information technology services, insurance management, real estate, and reinsurance. HCI’s leading insurance operation, TypTap Insurance Company, is a technology-driven homeowners insurance company. TypTap’s operations are powered in large part by insurance-related information technology developed by HCI’s software subsidiary, Exzeo USA, Inc. HCI’s largest subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., provides homeowners insurance primarily in Florida. HCI’s real estate subsidiary, Greenleaf Capital, LLC, owns and operates multiple properties in Florida, including office buildings, retail centers and marinas.
The company'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 .
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 company’s cash flow and cash balances will not impact the ability or willingness of HCI Group to pay a dividend. 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:
Bill Broomall, CFA
Investor Relations
HCI Group, Inc.
Tel (813) 776-1012
[email protected]
Investor Relations Contact:
Matt Glover
Gateway Group, Inc.
Tel 949-574-3860
[email protected]