HCI Group (HCI)
Florida-focused homeowners insurer with carrier software and reciprocal-exchange operations.
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Underwrites homeowners property-and-casualty policies through Homeowners Choice and TypTap, primarily in Florida, while controlling Exzeo's carrier software platform and managing the CORE and Tailrow reciprocal exchanges. Insurance premiums and service fees support a model exposed to hurricane losses, reinsurance costs and Florida insurance regulation.
Underwrites homeowners property-and-casualty coverage through Homeowners Choice and TypTap, with Florida as the primary market and additional business across the Northeast and Southeast. Insurance operations include captive reinsurance, while majority-owned Exzeo supplies quoting, underwriting, policy-administration, claims, reporting and reinsurance-placement tools to affiliated and outside carriers.
Also manages policyholder-owned CORE and Tailrow reciprocal exchanges as attorney-in-fact and operates a Florida commercial real estate portfolio. The model combines independent-agent distribution with proprietary software and data analytics for risk selection and carrier workflows. Results remain concentrated in Florida property insurance, where hurricane losses, reinsurance availability and cost, regulator-approved rates and forms, and Citizens policy assumptions shape underwriting volume and earnings.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 9, 2026 | Cantor Fitzgerald | Initiate | Rating: —Target: — | Target: $225 |
| Nov 13, 2025 | Oppenheimer | Downgrade | ||
| May 30, 2025 | Compass Point | Upgrade | ||
| Oct 21, 2024 | Compass Point | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $942.7M · Total debt $67.5M · Total assets $2.65B · Shareholders' equity $1.08B
- Revenue
- $246.7M
- Operating income
- $111.0M
- Net income
- $73.8M
HistoryDividendAnnual yield
| Institutions | 76.65% | 9.53M shares | |
|---|---|---|---|
| 299 holders · as of Jun 30, 2026 | |||
| Insiders | 17.37% | 2.16M shares | |
| 7 holders · as of Jun 15, 2026 | |||
| Other | 5.98% | 743.1K shares | |
| remainder | |||
12.44M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 14.82% | 1.84M | as of Jun 30, 2026 |
Paresh Patel1Insiderdirector, 10 percent owner, officer: Chief Executive Officer | 13.30% | 1.63M | filed Feb 24, 2026 |
Khrom Capital Management LLCInstitution | 5.55% | 690,749 | as of Jun 30, 2026 |
Raymond E. CabillotInsider | 4.05% | 503,377 | filed Apr 11, 2017 |
Vanguard Capital Management LLCInstitution | 3.84% | 477,702 | as of Jun 30, 2026 |
- Paresh Patel's transaction reports restate only vehicles that traded; the 2025 ownership statement (1.63M) plus the 20.0K net shares acquired since is used instead.
Insider tradesForm 4
No open-market trades in the last 12 months.
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| HCI Group | $181.50 | +0.76% | $2.35B | 7.6 | 8.8 | 2.5 | +11.2% |
| Universal Insurance | $43.03 | −0.07% | $1.21B | 5.7 | 9.3 | 0.7 | +55.3% |
| Heritage Insurance | $33.50 | −0.03% | $1.03B | 4.9 | 6.7 | 1.3 | +3.0% |
| Kingstone Companies | $19.03 | −0.05% | $277.8M | 7.9 | 6.7 | 1.3 | +38.6% |
| Palomar | $131.54 | −0.06% | $3.55B | 18.0 | 12.2 | 3.3 | +210.1% |
| Hippo | $31.37 | +0.03% | $832.1M | 6.8 | 24.2 | 1.6 | +23.4% |
| Lemonade | $47.60 | −0.21% | $3.68B | — | — | 3.9 | +79.4% |
| Median | 6.8 | 9.3 | 1.5 | +47.0% |