The estimated Net Worth of Paresh Patel is at least $39.2 Million dollars as of 11 April 2024. Mr. Patel owns over 500 units of HCI Inc stock worth over $33,080,175 and over the last 12 years he sold HCI stock worth over $0. In addition, he makes $6,076,670 as Chairman of the Board und Chief Executive Officer at HCI Inc.
Paresh has made over 59 trades of the HCI Inc stock since 2013, according to the Form 4 filled with the SEC. Most recently he bought 500 units of HCI stock worth $55,500 on 11 April 2024.
The largest trade he's ever made was exercising 40,000 units of HCI Inc stock on 26 May 2015 worth over $100,000. On average, Paresh trades about 2,471 units every 52 days since 2013. As of 11 April 2024 he still owns at least 349,500 units of HCI Inc stock.
You can see the complete history of Mr. Patel stock trades at the bottom of the page.
Paresh Patel serves as Chairman of the Board, Chief Executive Officer of the Company. He has been a director of the Company since its inception and has served as the Chairman of our Board of Directors since May 2007. He has served as Chief Executive Officer since 2011. From 2015 to 2019, he served as President of our insurance subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., a position he also held from 2011 to 2012. In addition, Mr. Patel is Chairman of the Board of TypTap Insurance Company, our technology-based homeowners and flood insurance subsidiary corporation formed in January 2016. Mr. Patel has broad experience in technology and finance. He developed and continues to oversee development of the Company’s policy administration systems. From 2011 to 2015, he served as Chairman of the Board of First Home Bancorp, Inc., a bank holding company in Seminole, Florida and from 2014 to December 2017 he served as Chairman of the Board of Directors of Oxbridge Re Holdings Limited, a NASDAQ-listed Cayman Islands reinsurance holding company. He was a founder of NorthStar Bank in Tampa, Florida and from 2006 to 2010 served on the Board of Directors of its parent company, NorthStar Banking Corporation. From 1998 to 2000, he was Director of Customer Care and Billing with Global Crossing. In that position, Mr. Patel defined business processes and systems, hired and trained department staff and led the integration of the customer care and billing systems with the systems of companies that Global Crossing acquired. As an independent software and systems consultant from 1991 to 1998, Mr. Patel worked with large international telephone companies. Mr. Patel holds a Bachelor’s and a Master’s degree in Electronic Engineering from the University of Cambridge in the United Kingdom.
As the Chairman of the Board und Chief Executive Officer of HCI Inc, the total compensation of Paresh Patel at HCI Inc is $6,076,670. There are no executives at HCI Inc getting paid more.
Paresh Patel is 57, he's been the Chairman of the Board und Chief Executive Officer of HCI Inc since 2015. There are 10 older and 6 younger executives at HCI Inc. The oldest executive at HCI Group Inc is Wayne Burks, 72, who is the Independent Director.
Paresh's mailing address filed with the SEC is 3802 COCONUT PALM DRIVE, , TAMPA, FL, 33619.
Over the last 12 years, insiders at HCI Inc have traded over $22,844,910 worth of HCI Inc stock and bought 108,074 units worth $4,240,132 . The most active insiders traders include Paresh Patel, Sanjay Madhu und Gregory Politis. On average, HCI Inc executives and independent directors trade stock every 32 days with the average trade being worth of $488,583. The most recent stock trade was executed by Paresh Patel on 11 April 2024, trading 500 units of HCI stock currently worth $55,500.
hci group, inc. engages in the property and casualty insurance, reinsurance, real estate, and information technology businesses in florida. it provides residential insurance products, such as homeowners insurance, flood insurance, and wind-only insurance to homeowners, condominium owners, and tenants, as well as offers reinsurance programs. the company also owns and operates one full-service restaurant, marinas, waterfront property, retail shopping centres, office building, and vacant shopping centre for investment purposes. in addition, it designs and develops web-based applications and products for mobile devices, including sams and claimcolony applications. the company was formerly known as homeowners choice, inc. and changed its name to hci group, inc. in may 2013. hci group, inc. was founded in 2006 and is headquartered in tampa, florida.
HCI Inc executives and other stock owners filed with the SEC include: