NYSE:HRTG

Heritage Insurance (HRTG) Stock Forecast, Price & News

$6.48

-0.01 (-0.15%)

(As of 10/2/2023 ET)

Compare

Today's Range: $6.42
▼
$6.70
50-Day Range: $4.42
▼
$6.50
52-Week Range: $1.12
▼
$6.70

Volume: 260,495 shs
Average Volume: 287,144 shs
Market Capitalization: $165.63 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.05

Heritage Insurance MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 22.1% Downside
$5.05 Price Target
Short Interest: Healthy
2.32% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -0.68
Upright™ Environmental Score
News Sentiment: 0.01
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 8.55%
From $1.17 to $1.27 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.63 out of 5 stars

Finance Sector

806th out of 861 stocks

Fire, Marine, & Casualty Insurance Industry

43rd out of 48 stocks

1.3

Analyst's Opinion

Consensus Rating
Heritage Insurance has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $5.05, Heritage Insurance has a forecasted downside of 22.1% from its current price of $6.48.
Amount of Analyst Coverage
Heritage Insurance has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.32% of the float of Heritage Insurance has been sold short.
Short Interest Ratio / Days to Cover
Heritage Insurance has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Heritage Insurance has recently increased by 59.93%, indicating that investor sentiment is decreasing significantly.

0.8

Dividend Strength

Dividend Yield
Heritage Insurance does not currently pay a dividend.
Dividend Growth
Heritage Insurance does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Heritage Insurance will have a dividend payout ratio of 18.90% next year. This indicates that Heritage Insurance will be able to sustain or increase its dividend.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Heritage Insurance has received a 24.79% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Basic home insurance services for individuals", "Life insurance services for individuals", "Passenger car insurance services for individuals", "Commercial general liability insurance", and "Worker's compensation insurance" products. See details.
Environmental Sustainability
The Environmental Impact score for Heritage Insurance is -0.68.

2.2

News and Social Media Coverage

News Sentiment
Heritage Insurance has a news sentiment score of 0.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.72 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Heritage Insurance this week, compared to 1 article on an average week.
Search Interest
Only 4 people have searched for HRTG on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.
MarketBeat Follows
5 people have added Heritage Insurance to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Heritage Insurance insiders have not sold or bought any company stock.
Percentage Held by Insiders
11.90% of the stock of Heritage Insurance is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 31.51% of the stock of Heritage Insurance is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Heritage Insurance are expected to grow by 8.55% in the coming year, from $1.17 to $1.27 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Heritage Insurance is -12.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Heritage Insurance is -12.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Heritage Insurance has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Heritage Insurance (NYSE:HRTG) Stock

Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential property insurance for single-family homeowners and condominium owners; and rental property insurance in the states of Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; commercial residential insurance for properties in Florida, New Jersey, and New York; and licensed in the state of Pennsylvania, as well as personal residential and wind-only property insurance. It also provides restoration, emergency, and recovery services; property management, and reinsurance services. In addition, the company provides personal line policies through a network of retail independent agents, wholesale agents, and a partnership with a direct agency, as well as distribute indirectly to retail locations through wholesale agency relationships. Further, it offers personal and commercial insurance policies through a network of independent agencies. Heritage Insurance Holdings, Inc. was founded in 2012 and is headquartered in Tampa, Florida.

HRTG Price History

30 days | 90 days | 365 days | Advanced Chart

HRTG Stock News Headlines

September 29, 2023 | americanbankingnews.com

Heritage Insurance Holdings, Inc. (NYSE:HRTG) Sees Large Growth in Short Interest

September 27, 2023 | finance.yahoo.com

Strength Seen in Heritage Insurance (HRTG): Can Its 16.5% Jump Turn into More Strength?

October 3, 2023 | Chaikin Analytics (Ad)

Buy This Stock for AI Tidal Wave (not NVDA)

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September 26, 2023 | msn.com

Heritage Insurance among financials gainers

September 4, 2023 | finance.yahoo.com

Are You Looking for a Top Momentum Pick? Why Heritage Insurance (HRTG) is a Great Choice

August 16, 2023 | finance.yahoo.com

Heritage Insurance (HRTG) is a Great Momentum Stock: Should You Buy?

August 14, 2023 | markets.businessinsider.com

Truist Financial Sticks to Their Buy Rating for Heritage Insurance Holdings (HRTG)

August 11, 2023 | msn.com

JMP Securities Maintains Heritage Insurance Holdings (HRTG) Market Outperform Recommendation

October 3, 2023 | Chaikin Analytics (Ad)

Buy This Stock for AI Tidal Wave (not NVDA)

The internet boom made more millionaires than any tech - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.

August 9, 2023 | finance.yahoo.com

Q2 2023 Heritage Insurance Holdings Inc Earnings Call

August 9, 2023 | finance.yahoo.com

Heritage Insurance CEO: ‘Still too early’ to say if tort reforms are helping Florida market

August 9, 2023 | finanznachrichten.de

Heritage Insurance Holdings, Inc.: Heritage Reports Second Quarter 2023 Results

August 9, 2023 | markets.businessinsider.com

Heritage Insurance Holdings (HRTG) Receives a Hold from Piper Sandler

August 8, 2023 | msn.com

Compared to Estimates, Heritage Insurance (HRTG) Q2 Earnings: A Look at Key Metrics

August 8, 2023 | finance.yahoo.com

Heritage Reports Second Quarter 2023 Results

August 4, 2023 | fool.com

Heritage Insurance (NYSE: HRTG)

July 30, 2023 | finance.yahoo.com

Insider Stock Buying Reaches US$1.2m On Heritage Insurance Holdings

July 26, 2023 | finance.yahoo.com

Heritage Announces Second Quarter 2023 Earnings Dates

July 17, 2023 | finance.yahoo.com

15 Best Places to Retire in Florida Without Hurricanes

July 5, 2023 | finance.yahoo.com

Best Momentum Stocks to Buy for July 5th

June 5, 2023 | finance.yahoo.com

The past five years for Heritage Insurance Holdings (NYSE:HRTG) investors has not been profitable

May 19, 2023 | bizjournals.com

Heritage inks deal with reinsurers despite a reluctance to do business in Florida

May 18, 2023 | finance.yahoo.com

Heritage Announces Full Placement of 2023-2024 CAT XOL Reinsurance Program

May 16, 2023 | marketwatch.com

When Heritage Insurance Holdings In ($HRTG) Moves Investors should Listen

May 9, 2023 | finance.yahoo.com

Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) large institutional owners must be happy as stock continues to impress, up 18% over the past week

May 8, 2023 | msn.com

Piper Sandler Maintains Heritage Insurance Holdings (HRTG) Neutral Recommendation

May 7, 2023 | insidermonkey.com

Heritage Insurance Holdings, Inc. (NYSE:HRTG) Q1 2023 Earnings Call Transcript

See More Headlines

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HRTG Company Calendar

Last Earnings: 8/08/2023
Today: 10/02/2023
Next Earnings (Estimated): 11/14/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Fire, marine, & casualty insurance
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:HRTG
CUSIP: N/A
CIK: 1598665
Web: www.heritagepci.com
Phone: (727) 362-7202
Fax: N/A
Employees: 612
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $5.05
High Stock Price Forecast: $6.00
Low Stock Price Forecast: $4.15
Forecasted Upside/Downside: -22.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.50)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 5.54
P/E Growth: N/A
Net Income: $-154,360,000.00
Net Margins: -1.99%
Pretax Margin: -0.94%
Return on Equity: -9.51%
Return on Assets: -0.57%

Debt

Debt-to-Equity Ratio: 0.77
Current Ratio: 0.71
Quick Ratio: 0.71

Sales & Book Value

Annual Sales: $662.46 million
Price / Sales: 0.25
Cash Flow: $1.58 per share
Price / Cash Flow: 4.11
Book Value: $5.06 per share
Price / Book: 1.28

Miscellaneous

Outstanding Shares: 25,560,000
Free Float: 22,517,000
Market Cap: $165.63 million
Optionable: Optionable
Beta: 0.64

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Key Executives

Mr. Ernesto Jose Garateix CPCU (Age 51)
CEO & Director
Comp: $1.37M

Mr. Kirk Howard Lusk (Age 62)
Chief Financial Officer
Comp: $1.09M

Mr. Timothy Michael Moura (Age 50)
Pres of Narragansett Bay Insurance Company
Comp: $999.54k

Ms. Sharon Ann Binnun (Age 61)
Chief Accounting Officer

Mr. Joseph Rene Peiso (Age 64)
VP of Compliance

Mr. Timothy E. Johns (Age 66)
Pres of Zephyr Insurance Company

Mr. Stephen Lowell Rohde (Age 72)
Advisory

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

HRTG Stock - Frequently Asked Questions

Should I buy or sell Heritage Insurance stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heritage Insurance in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" HRTG shares.
View HRTG analyst ratings or view top-rated stocks.
What is Heritage Insurance's stock price forecast for 2023?: 3 analysts have issued twelve-month price objectives for Heritage Insurance's stock. Their HRTG share price forecasts range from $4.15 to $6.00. On average, they expect the company's stock price to reach $5.05 in the next year. This suggests that the stock has a possible downside of 22.1%.
View analysts price targets for HRTG or view top-rated stocks among Wall Street analysts.
How have HRTG shares performed in 2023?: Heritage Insurance's stock was trading at $1.80 at the beginning of 2023. Since then, HRTG shares have increased by 260.0% and is now trading at $6.48.
View the best growth stocks for 2023 here.
Are investors shorting Heritage Insurance?: Heritage Insurance saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 407,500 shares, an increase of 59.9% from the August 31st total of 254,800 shares. Based on an average daily volume of 185,100 shares, the short-interest ratio is presently 2.2 days. Approximately 2.3% of the shares of the company are sold short.
View Heritage Insurance's Short Interest.
When is Heritage Insurance's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our HRTG earnings forecast.
How were Heritage Insurance's earnings last quarter?: Heritage Insurance Holdings, Inc. (NYSE:HRTG) released its quarterly earnings data on Tuesday, August, 8th. The insurance provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.27. The insurance provider had revenue of $185.31 million for the quarter, compared to analyst estimates of $168.53 million. Heritage Insurance had a negative net margin of 1.99% and a negative trailing twelve-month return on equity of 9.51%.

What other stocks do shareholders of Heritage Insurance own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Heritage Insurance investors own include United Insurance (UIHC), HCI Group (HCI), VEREIT (VER), Huntington Bancshares (HBAN), Pattern Energy Group (PEGI), Universal Insurance (UVE), Weyerhaeuser (WY), Angi (ANGI), Diplomat Pharmacy (DPLO).
What is Heritage Insurance's stock symbol?: Heritage Insurance trades on the New York Stock Exchange (NYSE) under the ticker symbol "HRTG."
How do I buy shares of Heritage Insurance?: Shares of HRTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Heritage Insurance's stock price today?: One share of HRTG stock can currently be purchased for approximately $6.48.
How much money does Heritage Insurance make?: Heritage Insurance (NYSE:HRTG) has a market capitalization of $165.63 million and generates $662.46 million in revenue each year. The insurance provider earns $-154,360,000.00 in net income (profit) each year or ($0.50) on an earnings per share basis.
How many employees does Heritage Insurance have?: The company employs 612 workers across the globe.
How can I contact Heritage Insurance?: Heritage Insurance's mailing address is 2600 MCCORMICK DRIVE SUITE 300, CLEARWATER FL, 33759. The official website for the company is www.heritagepci.com. The insurance provider can be reached via phone at (727) 362-7202 or via email at asoleimani@heritagepci.com.

This page (NYSE:HRTG) was last updated on 10/3/2023 by MarketBeat.com Staff

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