Heritage Insurance Holdings
HRTG

$7.75

2.11%

Market Cap: 237M

About: Heritage Insurance Holdings Inc is a regional property and casualty insurance company that offers a variety of personal and commercial insurance products. Through its subsidiaries, Heritage Property & Casualty Insurance, Narragansett Bay Insurance, and Zephyr Insurance, the company issues personal residential property insurance in various states in the United States. It also offers commercial residential insurance predominantly for its Florida properties. Heritage Insurance manages insurance underwriting, customer services, actuarial analysis, distribution, and claims processing internally.

Employees: 566

Financials Fire, Marine & Casualty Insurance

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

0

News positive %

of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

218% more call options, than puts

Call options by funds: $2.35M | Put options by funds: $739K

71% more capital invested

Capital invested by funds: $92.1M [Q4 2023] → $158M (+$65.5M) [Q1 2024]

44% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 18

9% more funds holding

Funds holding: 85 [Q4 2023] → 93 (+8) [Q1 2024]

2.04% more ownership

Funds ownership: 46.97% [Q4 2023] → 49.01% (+2.04%) [Q1 2024]

13% less repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 31

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Research analyst outlook

2 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$9

16%

upside

Avg. target

$10

29%

upside

High target

$11

42%

upside

2 analyst ratings

1 positive

50%

1 neutral

50%

0 negative

0%

Piper Sandler Paul Newsome	16%upside $9	Neutral Maintained	1 Apr 2024
Truist Securities Mark Hughes	42%upside $11	Buy Maintained	13 Mar 2024

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Financial journalist opinion

Based on 3 articles about HRTG published over the past 30 days

Heritage Announces Second Quarter 2024 Earnings Dates

TAMPA, Fla. , July 18, 2024 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, will announce second quarter 2024 financial results after the market closes on Tuesday, August 6, 2024, followed by a 9:00 am ET conference call and webcast on Wednesday, August 7, 2024.

Heritage Announces Second Quarter 2024 Earnings Dates

Heritage Insurance Rejoins Russell 3000® Index

TAMPA, Fla. , July 16, 2024 /PRNewswire/ -- Heritage Insurance Holdings Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, today announced its inclusion in the Russell 3000® Index, as confirmed by the reconstitution information posted on the FTSE Russell website.

Heritage Insurance Rejoins Russell 3000® Index

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Heritage Insurance Holdings, Inc. Announces Approved 3.3% Rate Decrease for Property and Casualty Insurance in Florida

TAMPA, Fla. , May 22, 2024 /PRNewswire/ -- Heritage Insurance Holdings Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, is pleased to announce that the Florida Office of Insurance Regulation has approved a 3.3% rate decrease for its Florida homeowner's (HO3) business.

Heritage Insurance Holdings, Inc. Announces Approved 3.3% Rate Decrease for Property and Casualty Insurance in Florida

Heritage Insurance: How The Stock Looks After Q1 2024 Earnings

Heritage Insurance's stock value has increased by 59% since October 2023. Q1 2024 earnings report shows positive results, with revenue increasing by 8% and book value per share increasing by 27%. I expect Heritage's effective strategies to continue to drive book value growth and drive the stock higher from the attractive valuation level.

Heritage Insurance: How The Stock Looks After Q1 2024 Earnings

Zacks Investment Research

Is Heritage Insurance (HRTG) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Heritage Insurance (HRTG) Stock Undervalued Right Now?

Heritage Insurance Holdings, Inc. (HRTG) Q1 2024 Earnings Call Transcript

Heritage Insurance Holdings, Inc. (NYSE:HRTG ) Q1 2024 Results Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Kirk Lusk - Chief Financial Officer Ernie Garateix - Chief Executive Officer Conference Call Participants Maxwell Fritscher - Truist Securities Mark Hughes - Truist Securities Operator Good morning and welcome to the Heritage Insurance Holdings' First Quarter 2024 Earnings Conference Call. At this time, all lines are in listen-only mode.

Heritage Insurance Holdings, Inc. (HRTG) Q1 2024 Earnings Call Transcript

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