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HCI Group posts 4Q profit

TAMPA, Fla. (AP) _ HCI Group Inc. (HCI) on Tuesday reported fourth-quarter net income of $4.6 million.

On a per-share basis, the Tampa, Florida-based company said it had net income of 47 cents.

The property and casualty insurance holding company posted revenue of $72.4 million in the period.

For the year, the company reported profit of $29 million, or $2.92 per share. Revenue was reported as $264.4 million.

HCI Group shares have climbed 9 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $43.11, a rise of 25 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HCI at https://www.zacks.com/ap/HCI


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