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S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Demand for grocery delivery cools as food costs rise
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
pixel
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Demand for grocery delivery cools as food costs rise
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
pixel
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Demand for grocery delivery cools as food costs rise
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
pixel
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
NYSE:HRTG

Heritage Insurance (HRTG) Stock Forecast, Price & News

$3.50
+1.07 (+44.03%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$2.50
▼
$3.50
50-Day Range
$2.31
▼
$4.00
52-Week Range
$2.26
▼
$7.56
Volume
672,282 shs
Average Volume
129,230 shs
Market Capitalization
$92.65 million
P/E Ratio
N/A
Dividend Yield
6.86%
Price Target
$7.00

Heritage Insurance MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
100.0% Upside
$7.00 Price Target
Short Interest
Healthy
1.77% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.74
Upright™ Environmental Score
News Sentiment
-0.10mentions of Heritage Insurance in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$36,100 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($1.50) to ($0.14) Per Share

Overall MarketRank™

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

2.63 out of 5 stars

Finance Sector

306th out of 1,176 stocks

Fire, Marine, & Casualty Insurance Industry

15th out of 66 stocks

See Top Rated MarketRank™ Stocks Here
Heritage Insurance logo

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, and emergency and recovery services; and property management, and reinsurance services. The company writes personal line policies through a network of retail independent agents, wholesale agents, and a partnership with a direct agency, as well as indirectly to approximately 1,500 retail locations through eight wholesale agency relationships; and personal and commercial insurance policies through a network of approximately 70 independent agencies. Heritage Insurance Holdings, Inc. was founded in 2012 and is headquartered in Tampa, Florida.

Heritage Insurance Stock Performance

HRTG traded up $1.07 on Friday, reaching $3.50. The stock had a trading volume of 672,282 shares, compared to its average volume of 129,230. The business's 50-day moving average price is $2.95 and its two-hundred day moving average price is $4.64. Heritage Insurance has a 12-month low of $2.26 and a 12-month high of $7.56. The company has a market cap of $92.65 million, a P/E ratio of -0.95 and a beta of 0.88. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.44.

Heritage Insurance (NYSE:HRTG - Get Rating) last announced its earnings results on Thursday, May 5th. The insurance provider reported ($1.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.65) by ($0.50). Heritage Insurance had a negative net margin of 15.61% and a negative return on equity of 10.95%. The company had revenue of $158.61 million during the quarter, compared to analyst estimates of $153.74 million. During the same quarter last year, the business earned ($0.19) EPS. Sell-side analysts forecast that Heritage Insurance will post -1.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HRTG. StockNews.com cut shares of Heritage Insurance from a "buy" rating to a "hold" rating in a report on Thursday, May 19th. JMP Securities cut their price objective on shares of Heritage Insurance from $10.00 to $8.00 and set a "market outperform" rating for the company in a report on Monday, July 18th. TheStreet cut shares of Heritage Insurance from a "c-" rating to a "d+" rating in a report on Tuesday, May 3rd. Finally, Piper Sandler cut their price objective on shares of Heritage Insurance to $6.00 in a report on Thursday, June 9th.

Insider Activity

In related news, CFO Kirk Lusk bought 10,000 shares of the company's stock in a transaction dated Thursday, June 30th. The shares were acquired at an average price of $2.61 per share, for a total transaction of $26,100.00. Following the completion of the transaction, the chief financial officer now directly owns 233,736 shares in the company, valued at $610,050.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 8.50% of the company's stock.

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HRTG Stock News Headlines

August 5, 2022 | seekingalpha.com
Heritage Insurance Holdings, Inc.'s (HRTG) CEO Ernie Garateix on Q2 2022 Results - Earnings Call Transcript
August 5, 2022 | finance.yahoo.com
Tampa's Heritage Insurance incurs millions in losses in second quarter
August 4, 2022 | finance.yahoo.com
/C O R R E C T I O N -- Heritage Insurance Holdings, Inc./
July 25, 2022 | finance.yahoo.com
Heritage Announces Second Quarter 2022 Earnings Dates
July 19, 2022 | americanbankingnews.com
Heritage Insurance (NYSE:HRTG) Price Target Lowered to $8.00 at JMP Securities
July 11, 2022 | finance.yahoo.com
Heritage Insurance Holdings (NYSE:HRTG) investors are sitting on a loss of 81% if they invested three years ago
June 17, 2022 | seekingalpha.com
Heritage Insurance: A Potential Lifebuoy In The Stormy Florida Market
June 10, 2022 | bizjournals.com
Tampa property insurer secures full reinsurance in time for hurricane season
June 6, 2022 | finance.yahoo.com
Heritage Announces Details 2022-2023 Catastrophe Reinsurance Program
June 1, 2022 | finance.yahoo.com
Heritage Announces Full Placement of 2022-2023 CAT XOL Reinsurance Program
May 27, 2022 | finance.yahoo.com
Heritage Insurance Holdings (NYSE:HRTG) Has Affirmed Its Dividend Of US$0.06
May 20, 2022 | bizjournals.com
Clearwater’s Heritage Insurance is moving residential insurance policies out of state
May 18, 2022 | finance.yahoo.com
Lawsuit alleges two Clearwater property insurers are 'stripping away' homeowners’ rights
May 10, 2022 | finance.yahoo.com
Insiders who purchased Heritage Insurance Holdings, Inc. (NYSE:HRTG) earlier this year lose an additional US$69k as the stock sinks to US$3.32
May 6, 2022 | seekingalpha.com
Heritage Insurance Holdings, Inc. (HRTG) CEO Ernie Garateix on Q1 2022 Results - Earnings Call Transcript
May 6, 2022 | seekingalpha.com
Heritage InsuranceEPS of -$1.15, revenue of $158.6M beats by $4.8M
May 5, 2022 | finance.yahoo.com
Heritage Reports First Quarter 2022 Results
May 2, 2022 | theglobeandmail.com
Instrument Name Heritage Insurance Holdings Instrument Symbol (HRTG-N)
April 27, 2022 | seekingalpha.com
Heritage Insurance reports prelim Q1 weather losses
April 27, 2022 | finance.yahoo.com
Heritage Announces Preliminary First Quarter 2022 Weather Losses
April 22, 2022 | finance.yahoo.com
Heritage Announces First Quarter 2022 Earnings Dates
March 28, 2022 | finance.yahoo.com
Wall Street Analysts Believe Heritage Insurance (HRTG) Could Rally 53%: Here's is How to Trade
March 22, 2022 | finance.yahoo.com
Chubb (CB) Hits 52-Week High, Can the Run Continue?
March 16, 2022 | finance.yahoo.com
How Heritage Insurance (HRTG) Stock Stands Out in a Strong Industry
March 11, 2022 | benzinga.com
Tuesday Is Your Last Chance To Buy Heritage Insurance Hldgs Before The Dividend Payout
See More Headlines

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HRTG Company Calendar

Last Earnings
11/04/2021
Ex-Dividend for 7/5 Dividend
6/13/2022
Dividend Payable
7/05/2022
Today
8/07/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022
Get Stock Alerts

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) 362-7200
Fax
N/A
Employees
648
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$7.00
High Stock Price Forecast
$8.00
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
+100.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($6.85)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-74,730,000.00
Net Margins
-15.61%
Pretax Margin
-17.06%
Return on Equity
-10.95%
Return on Assets
-1.89%

Debt

Debt-to-Equity Ratio
0.44
Current Ratio
0.62
Quick Ratio
0.62

Sales & Book Value

Annual Sales
$631.56 million
Price / Sales
0.15
Cash Flow
$2.17 per share
Price / Cash Flow
1.61
Book Value
$12.30 per share
Price / Book
0.28

Miscellaneous

Outstanding Shares
26,470,000
Free Float
24,220,000
Market Cap
$92.65 million
Optionable
Optionable
Beta
0.88

Key Executives

  • Mr. Ernesto Jose Garateix CPCU (Age 50)
    CEO & Director
    Comp: $1.76M
  • Mr. Kirk Howard Lusk (Age 61)
    Chief Financial Officer
    Comp: $1.17M
  • Ms. Sharon Ann Binnun (Age 60)
    Chief Accounting Officer
    Comp: $588.61k
  • Mr. Timothy Michael Moura (Age 49)
    Pres of Narragansett Bay Insurance Company
    Comp: $1.11M
  • Mr. Timothy E. Johns (Age 65)
    Pres of Zephyr Insurance Company
    Comp: $454.44k
  • Mr. Joseph Rene Peiso (Age 63)
    VP of Compliance
  • Arlene Luis
    Exec. VP of Commercial
  • Mr. Randy Jones
    Pres of Commercial Division
  • Mr. Stephen Lowell Rohde (Age 71)
    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?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heritage Insurance in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Heritage Insurance stock.
View analyst ratings for Heritage Insurance or view top-rated stocks.

What is Heritage Insurance's stock price forecast for 2022?

1 analysts have issued 1-year price targets for Heritage Insurance's stock. Their HRTG stock forecasts range from $6.00 to $8.00. On average, they anticipate Heritage Insurance's stock price to reach $7.00 in the next twelve months. This suggests a possible upside of 100.0% from the stock's current price.
View analysts' price targets for Heritage Insurance or view top-rated stocks among Wall Street analysts.

How has Heritage Insurance's stock price performed in 2022?

Heritage Insurance's stock was trading at $5.88 at the beginning of the year. Since then, HRTG stock has decreased by 40.5% and is now trading at $3.50.
View the best growth stocks for 2022 here.

Are investors shorting Heritage Insurance?

Heritage Insurance saw a decrease in short interest in June. As of June 30th, there was short interest totaling 450,300 shares, a decrease of 62.5% from the June 15th total of 1,200,000 shares. Based on an average trading volume of 333,600 shares, the days-to-cover ratio is presently 1.3 days. Approximately 2.1% of the company's shares are short sold.
View Heritage Insurance's Short Interest.

When is Heritage Insurance's next earnings date?

Heritage Insurance is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our earnings forecast for Heritage Insurance.

How were Heritage Insurance's earnings last quarter?

Heritage Insurance Holdings, Inc. (NYSE:HRTG) posted its earnings results on Thursday, November, 4th. The insurance provider reported ($0.59) EPS for the quarter, missing the consensus estimate of ($0.38) by $0.21. The insurance provider earned $167.41 million during the quarter, compared to analysts' expectations of $155.11 million. Heritage Insurance had a negative net margin of 15.61% and a negative trailing twelve-month return on equity of 10.95%. During the same quarter last year, the firm earned ($0.19) EPS.

How often does Heritage Insurance pay dividends? What is the dividend yield for Heritage Insurance?

Heritage Insurance declared a quarterly dividend on Thursday, May 5th. Stockholders of record on Tuesday, June 14th will be paid a dividend of $0.06 per share on Tuesday, July 5th. This represents a $0.24 annualized dividend and a yield of 6.86%. The ex-dividend date of this dividend is Monday, June 13th.
View Heritage Insurance's dividend history.

Is Heritage Insurance a good dividend stock?

Heritage Insurance(NYSE:HRTG) pays an annual dividend of $0.24 per share and currently has a dividend yield of 6.86%. HRTG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
View Heritage Insurance's dividend history.

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), Conduent (CNDT) and 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."

Who are Heritage Insurance's major shareholders?

Heritage Insurance's stock is owned by many different institutional and retail investors. Top institutional investors include Connor Clark & Lunn Investment Management Ltd. (0.37%) and Herold Advisors Inc. (0.05%). Company insiders that own Heritage Insurance stock include Bruce Lucas, Ernie J Garateix, Ernie J Garateix, Kirk Lusk, Richard A Widdicombe and Steven C Martindale.
View institutional ownership trends for Heritage Insurance.

How do I buy shares of Heritage Insurance?

Shares of HRTG 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 $3.50.

How much money does Heritage Insurance make?

Heritage Insurance (NYSE:HRTG) has a market capitalization of $92.65 million and generates $631.56 million in revenue each year. The insurance provider earns $-74,730,000.00 in net income (profit) each year or ($6.85) on an earnings per share basis.

How many employees does Heritage Insurance have?

Heritage Insurance employs 648 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 Heritage Insurance is www.heritagepci.com. The insurance provider can be reached via phone at (727) 362-7200 or via email at asoleimani@heritagepci.com.

This page (NYSE:HRTG) was last updated on 8/7/2022 by MarketBeat.com Staff

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