BlackRock Amends HCI Group Stake: Passive Investment Update
Ticker: HCIIP · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1400810
| Field | Detail |
|---|---|
| Company | Hci Group, Inc. (HCIIP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in HCI Group as of year-end 2023.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating a change in its ownership stake in HCI Group, Inc. as of December 31, 2023. This filing, Amendment No. 12, updates BlackRock's passive investment position in HCI Group's Common Stock. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in market sentiment or investment strategy regarding HCI Group, potentially influencing other investors' decisions.
Why It Matters
This filing shows BlackRock's updated passive ownership in HCI Group, providing transparency on a major institutional investor's position, which can influence market perception.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive stake in HCI Group, but this routine update doesn't suggest any immediate action. It's a data point for understanding institutional ownership.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- HCI Group, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 12 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 12' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY' section of the filing.
What is the subject company whose securities are being reported?
The subject company is HCI Group, Inc., as indicated by 'Name of Issuer) HCI Group, Inc.' and in the 'SUBJECT COMPANY' section of the filing.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(b), as indicated by the checked box '[X] Rule 13d-1(b)' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding HCI Group, Inc. (HCIIP).