HCI Group (HCI) Announces $20M Buyback Plan

The board of directors of HCI Group, Inc. (NYSE: HCI) authorized a plan to repurchase up to $20 million of the company’s common shares during 2017, subject to market conditions.

The plan permits the company to periodically repurchase shares for cash in open market purchases, block transactions and privately negotiated transactions in accordance with applicable federal securities laws. Moreover, the share repurchase plan may be modified, suspended, terminated or extended by the company any time without prior notice.

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