Paresh Patel Biography and Net Worth

Chief Executive Officer and Chairman of the Board of HCI Group

Paresh Patel is the founder and Chief Executive Officer of HCI Group, Inc. He currently serves as Chairman of the Board for HCI Group and TypTap Insurance Company.

Paresh leveraged his extensive software development experience to design HCI’s policy administration systems, which he continues to oversee. Previously, Paresh founded NorthStar Bank in Tampa, Florida and from 2006 to 2011 served on the Board of Directors of its parent company, NorthStar Banking Corporation.

Paresh earned a Bachelor’s and a Master’s degree in Electrical Engineering from the University of Cambridge in the United Kingdom.

What is Paresh Patel's net worth?: The estimated net worth of Paresh Patel is at least $50.75 million as of April 11th, 2024. Mr. Patel owns 349,500 shares of HCI Group stock worth more than $50,749,148 as of March 26th. This net worth evaluation does not reflect any other investments that Mr. Patel may own. Additionally, Mr. Patel receives an annual salary of $1,790,000.00 as Chief Executive Officer and Chairman of the Board at HCI Group. Learn More about Paresh Patel's net worth.
How old is Paresh Patel?: Mr. Patel is currently 61 years old. There are 6 older executives and no younger executives at HCI Group. Learn More on Paresh Patel's age.
What is Paresh Patel's salary?: As the Chief Executive Officer and Chairman of the Board of HCI Group, Inc., Mr. Patel earns $1,790,000.00 per year. Learn More on Paresh Patel's salary.
How do I contact Paresh Patel?: The corporate mailing address for Mr. Patel and other HCI Group executives is 5300 WEST CYPRESS STREET SUITE 100, TAMPA FL, 33607. HCI Group can also be reached via phone at (813) 849-9500 and via email at rswansiger@hcigroup.com. Learn More on Paresh Patel's contact information.
Has Paresh Patel been buying or selling shares of HCI Group?: Paresh Patel has not been actively trading shares of HCI Group over the course of the past ninety days. Most recently, on Thursday, April 11th, Paresh Patel bought 500 shares of HCI Group stock. The stock was acquired at an average cost of $111.00 per share, with a total value of $55,500.00. Following the completion of the transaction, the chief executive officer now directly owns 349,500 shares of the company's stock, valued at $38,794,500. Learn More on Paresh Patel's trading history.
Who are HCI Group's active insiders?: HCI Group's insider roster includes Karin Coleman (COO, President of Homeowners Choice and Director), Andrew Graham (Insider), James Harmsworth (CFO), Sanjay Madhu (Director), Paresh Patel (Chief Executive Officer and Chairman of the Board), Anthony Saravanos (President of Greenleaf Capital, LLC and Director), Lauren Valiente (Director), and Susan Watts (Director). Learn More on HCI Group's active insiders.
Are insiders buying or selling shares of HCI Group?: In the last year, HCI Group insiders bought shares 2 times. They purchased a total of 1,500 shares worth more than $170,400.00. In the last year, insiders at the insurance provider sold shares 8 times. They sold a total of 113,102 shares worth more than $13,198,303.37. The most recent insider tranaction occured on April, 11th when CEO Paresh Patel bought 500 shares worth more than $55,500.00. Insiders at HCI Group own 21.0% of the company. Learn More about insider trades at HCI Group.
Information on this page was last updated on 4/11/2024.

Paresh Patel Insider Trading History at HCI Group

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
4/11/2024	Buy	500	$111.00	$55,500.00	349,500
4/9/2024	Buy	1,000	$114.90	$114,900.00	349,000
8/23/2022	Buy	1,000	$51.08	$51,080.00	37,500
3/13/2019	Buy	7,000	$41.20	$288,400.00	103,000
11/26/2018	Buy	1,000	$52.91	$52,910.00	85,000
12/8/2017	Buy	1,000	$30.30	$30,300.00	74,000
9/20/2017	Buy	1,000	$36.06	$36,060.00	227,000
2/4/2016	Buy	61	$31.87	$1,944.07
2/3/2016	Buy	1,000	$32.02	$32,020.00
2/2/2016	Buy	1,000	$32.34	$32,340.00
2/1/2016	Buy	1,000	$32.65	$32,650.00
1/29/2016	Buy	1,000	$32.53	$32,530.00
1/28/2016	Buy	1,000	$32.00	$32,000.00	400,000
1/26/2016	Buy	1,000	$31.62	$31,620.00	400,000
1/25/2016	Buy	1,000	$30.83	$30,830.00	400,000
1/22/2016	Buy	1,000	$30.87	$30,870.00	400,000
1/21/2016	Buy	1,000	$30.40	$30,400.00	400,000
1/20/2016	Buy	1,000	$29.89	$29,890.00	400,000
1/19/2016	Buy	1,000	$30.15	$30,150.00	400,000
1/15/2016	Buy	1,000	$30.46	$30,460.00	400,000
1/14/2016	Buy	1,000	$31.25	$31,250.00	400,000
1/13/2016	Buy	1,000	$31.33	$31,330.00	400,000
1/12/2016	Buy	1,000	$31.67	$31,670.00	400,000
1/11/2016	Buy	1,000	$31.71	$31,710.00	400,000
1/8/2016	Buy	1,000	$31.76	$31,760.00	400,000
1/7/2016	Buy	1,000	$32.67	$32,670.00	400,000
1/6/2016	Buy	1,000	$33.27	$33,270.00	400,000
12/31/2015	Buy	1,000	$35.05	$35,050.00	400,000
12/30/2015	Buy	1,000	$35.78	$35,780.00	400,000
12/29/2015	Buy	1,000	$35.79	$35,790.00	400,000
12/28/2015	Buy	1,000	$35.10	$35,100.00	400,000
12/24/2015	Buy	2,000	$34.89	$69,780.00	400,000
12/22/2015	Buy	1,939	$33.46	$64,878.94	400,000
5/27/2015	Buy	1,550	$42.33	$65,611.50

See Full Table

Paresh Patel Buying and Selling Activity at HCI Group

HCI Group Company Overview

HCI Group, Inc., together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs. The company also owns and operates waterfront properties and retail shopping centers, and an office building, as well as commercial properties for investment purposes. In addition, it designs and develops web-based applications and products for mobile devices, including SAMS, an online policy administration platform; Harmony, a policy administration platform; ClaimColony, an end-to-end claims management platform; and AtlasViewer, a mapping and data visualization platform. The company was formerly known as Homeowners Choice, Inc. and changed its name to HCI Group, Inc. in May 2013. HCI Group, Inc. was incorporated in 2006 and is headquartered in Tampa, Florida.

Today's Range

Now: $145.21

$140.55

$145.45

50 Day Range

MA: $127.00

$117.42

$140.27

2 Week Range

Now: $145.21

$83.65

$145.34

Volume

179,262 shs

Average Volume

132,290 shs

Market Capitalization

$1.56 billion

P/E Ratio

12.13

Dividend Yield

1.17%

Beta

1.14

Paresh Patel Biography and Net Worth

What is Paresh Patel's net worth?

How old is Paresh Patel?

What is Paresh Patel's salary?

How do I contact Paresh Patel?

Has Paresh Patel been buying or selling shares of HCI Group?

Who are HCI Group's active insiders?

Are insiders buying or selling shares of HCI Group?