HCI Group (HCI) Announces $20M Buyback Plan

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HCI Group Authorizes $20 Million Stock Repurchase Program for 2017

December 21, 2016 8:00 AM EST

TAMPA, Fla., Dec. 21, 2016 (GLOBE NEWSWIRE) -- The board of directors of HCI Group, Inc. (NYSE: HCI), a holding company primarily engaged in homeowners insurance, with additional operations in reinsurance, real estate and information technology, has authorized a plan to repurchase up to $20 million of the companys common shares during 2017, subject to market conditions.

The plan permits the company to periodically repurchase shares... More