HCI Group’s 4.75% Convertible Senior Notes Due 2042 Became Convertible on January 1, 2025
HCI Group, Inc. (HCI)
Last hci group, inc. earnings: 3/5 04:15 pm
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hcigroup.com
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Source: GlobeNewswire
TAMPA, Fla., Jan. 02, 2025 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, has announced that its 4.75% Convertible Senior Notes Due 2042 became convertible by all Holders on January 1, 2025. The terms of the Notes provide that the Notes will become convertible during a quarter, when the HCI closing share price for 20 trading days during the final 30 trading days of the immediately preceding quarter was greater than 130% of the Conversion Price of $80.54. HCI’s common shares closed at more than 130% above the Conversion Price each day of the final 30 trading days of the quarter ended December 31, 2024. Accordingly, the Notes became convertible beginning January 1, 2025 and will remain convertible at least through March 31, 2025. All Holders who wish to convert their Notes into shares of HCI common stock must provide a Notice of Conversion to HCI. The requireme
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- HCI Group, Inc. (NYSE: HCI) had its price target raised by analysts at Truist Financial Co. from $140.00 to $145.00. They now have a "buy" rating on the stock.MarketBeat
HCI
Earnings
- 11/7/24 - Miss
HCI
Sec Filings
- 12/30/24 - Form 8-K
- 12/19/24 - Form 8-K
- 11/12/24 - Form SC
- HCI's page on the SEC website