HCI Group, Inc.
In the published model solve dated 2026-Q2, anchored at $187.64, HCI Group, Inc. (HCI) is priced for 13.9% return on equity. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• HCI is a Florida property insurer that has been earning an unusually high return on its capital, around 28.7% recently, well above the roughly 12.9% the current price assumes it sustains. • The defining risk is geographic: HCI's filing states its insurance business is primarily in Florida, so a single major hurricane season is the event that can erase a year of underwriting profit. [Source: HCI FY2025 10-K] • Watch the technology contribution and the Exzeo stake: HCI retained 81.5% of Exzeo af
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270 institutional managers reported holding HCI in 13F filings for the quarter ended 2026-03-31. Together they hold about 68% of the company; the top 10 hold 41%. 40 opened new positions that quarter. Held by BlackRock, State Street, Dimensional Fund Advisors, among others. On the short side, 393k shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (2.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
HCI's share count grew 25.9% over the past five years even with $92.09M spent on repurchases. It pays a dividend, and has paid one every year in our records (15 and counting), raised 2 years straight; the current rate is $1.60 a share annually. Cash returned over the past three years: $47.93M in dividends and $20.06M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at HCI over the trailing three years: 2024: 2 buys totaling $170k. 10 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
HCI's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-10 | +7.9% | -6.8% |
| 2023-11-09 | +24.7% | +12.6% |
| 2024-03-09 | +15.2% | -8.2% |
| 2024-05-10 | -6.2% | -14.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
HCI's latest 8-K filings: 2026-08-06 (items 2.02, 9.01); 2026-06-15 (items 1.01); 2026-06-12 (items 5.07); 2026-06-01 (items 1.01); 2026-05-06 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.