NYSE:HRTGHeritage Insurance Stock Price, Forecast & News

$12.32

-0.22 (-1.75 %)

(As of 06/2/2020 04:00 PM ET)

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Today's Range

$12.31

Now: $12.32▼

$12.55

50-Day Range

$10.46

MA: $11.43▼

$12.66

52-Week Range

$7.50

Now: $12.32▼

$16.38

Volume109,800 shs

Average Volume156,429 shs

Market Capitalization$347.57 million

P/E Ratio12.20

Dividend Yield1.95%

Beta0.69

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; rental property insurance; and commercial residential insurance in Alabama, Connecticut, Florida, Georgia, Hawaii, Massachusetts, New York, New Jersey, North Carolina, Rhode Island, and South Carolina, as well as residential wind-only property insurance. As of December 31, 2018, it had approximately 512,793 personal residential policies and 3,000 commercial residential policies. The company markets and writes its voluntary 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 8 wholesale agency relationships. It also provides restoration, and emergency and recovery services; and property management, retail agency, and reinsurance services. The company was founded in 2012 and is headquartered in Clearwater, Florida.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Heritage Insurance has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $16.25, Heritage Insurance has a potential upside of 31.9% from its current price of $12.32.
Amount of Analyst Coverage
Heritage Insurance has only been the subject of 2 research reports in the past 90 days.

2.7 Community Rank

Outperform Votes
Heritage Insurance has received 275 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Heritage Insurance has received 243 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Heritage Insurance has received 53.09% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Heritage Insurance and other stocks. Vote “Outperform” if you believe HRTG will outperform the S&P 500 over the long term. Vote “Underperform” if you believe HRTG will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Heritage Insurance is a leading dividend payer. It pays a dividend yield of 1.95%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Heritage Insurance has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Heritage Insurance is 25.26 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Heritage Insurance will have a dividend payout ratio of 13.11 % next year. This indicates that Heritage Insurance will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Heritage Insurance insiders have bought more of their company's stock than they have sold. Specifically, they have bought $20,630.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 11.90% of the stock of Heritage Insurance is held by insiders.
Percentage Held by Institutions
64.15% of the stock of Heritage Insurance is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Heritage Insurance are expected to grow by 13.66% in the coming year, from $1.61 to $1.83 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Heritage Insurance is 12.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of Heritage Insurance is 12.20, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.01.
Price to Book Value per Share Ratio
Heritage Insurance has a P/B Ratio of 0.81. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.16 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Fire, marine, & casualty insurance

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:HRTG

Previous Symbol

CUSIPN/A

CIK1598665

Webwww.heritagepci.com

Phone727-362-7200

Debt

Debt-to-Equity Ratio0.28

Current Ratio0.73

Quick Ratio0.73

Price-To-Earnings

Trailing P/E Ratio12.20

Forward P/E Ratio7.65

P/E GrowthN/A

Sales & Book Value

Annual Sales$511.30 million

Price / Sales0.68

Cash Flow$1.49 per share

Price / Cash Flow8.27

Book Value$15.20 per share

Price / Book0.81

Profitability

EPS (Most Recent Fiscal Year)$0.95

Net Income$28.64 million

Net Margins5.57%

Return on Equity6.57%

Return on Assets1.54%

Miscellaneous

Employees438

Outstanding Shares28,212,000

Market Cap$347.57 million

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

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Heritage Insurance (NYSE:HRTG) Frequently Asked Questions

How has Heritage Insurance's stock been impacted by COVID-19 (Coronavirus)?

Heritage Insurance's stock was trading at $10.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, HRTG stock has increased by 18.5% and is now trading at $12.32. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Heritage Insurance?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heritage Insurance in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Heritage Insurance.

When is Heritage Insurance's next earnings date?

Heritage Insurance is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Heritage Insurance.

How were Heritage Insurance's earnings last quarter?

Heritage Insurance Holdings Inc (NYSE:HRTG) posted its quarterly earnings results on Monday, May, 4th. The insurance provider reported $0.27 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.24 by $0.03. The insurance provider had revenue of $132.71 million for the quarter, compared to the consensus estimate of $127.39 million. Heritage Insurance had a return on equity of 6.57% and a net margin of 5.57%. View Heritage Insurance's earnings history.

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

Heritage Insurance declared a quarterly dividend on Monday, May 4th. Investors of record on Monday, June 15th will be given a dividend of $0.06 per share on Monday, July 6th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, June 12th. View Heritage Insurance's dividend history.

What price target have analysts set for HRTG?

4 brokers have issued twelve-month price objectives for Heritage Insurance's stock. Their forecasts range from $15.00 to $17.00. On average, they expect Heritage Insurance's stock price to reach $16.25 in the next year. This suggests a possible upside of 31.9% from the stock's current price. View analysts' price targets for Heritage Insurance.

Has Heritage Insurance been receiving favorable news coverage?

Media coverage about HRTG stock has trended very negative recently, InfoTrie reports. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Heritage Insurance earned a news sentiment score of -3.5 on InfoTrie's scale. They also assigned media headlines about the insurance provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutHeritage Insurance.

Who are some of Heritage Insurance's key competitors?

Some companies that are related to Heritage Insurance include Amerisafe (AMSF), James River Group (JRVR), Safety Insurance Group (SAFT), Employers (EIG), State Auto Financial (STFC), ProAssurance (PRA), Third Point Reinsurance (TPRE), United Fire Group (UFCS), BlackRock TCP Capital (TCPC), Universal Insurance (UVE), Donegal Group (DGICA), Donegal Group (DGICB), HCI Group (HCI), Global Indemnity (GBLI) and United Insurance (UIHC). View all competitors.

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), Ring Energy (REI), Ring Energy (REI), Huntington Bancshares (HBAN), Pattern Energy Group (PEGI), Universal Insurance (UVE), Weyerhaeuser (WY) and Diplomat Pharmacy (DPLO).

Who are Heritage Insurance's key executives?

Heritage Insurance's management team includes the following people:

Mr. Bruce Thomas Lucas, Chairman & CEO (Age 47)
Mr. Richard Alexander Widdicombe, Pres & Director (Age 60)
Mr. Ernesto Jose Garateix, Chief Operating Officer (Age 47)
Mr. Kirk Howard Lusk, Chief Financial Officer (Age 58)
Ms. Sharon Ann Binnun, Chief Accounting Officer (Age 57)

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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.25%), State Street Corp (1.84%), Mesirow Financial Investment Management Equity Management (1.67%), Nuveen Asset Management LLC (1.41%), Geode Capital Management LLC (1.31%) and Guggenheim Capital LLC (1.13%). Company insiders that own Heritage Insurance stock include Bruce Lucas, Ernie J Garateix, James Masiello, Kirk Lusk, Richard A Widdicombe and Steven C Martindale. View institutional ownership trends for Heritage Insurance.

Which major investors are selling Heritage Insurance stock?

HRTG stock was sold by a variety of institutional investors in the last quarter, including Foundry Partners LLC, Federated Hermes Inc., Morgan Stanley, IndexIQ Advisors LLC, Kirr Marbach & Co. LLC IN, Parametric Portfolio Associates LLC, JPMorgan Chase & Co., and Nuveen Asset Management LLC. View insider buying and selling activity for Heritage Insurance.

Which major investors are buying Heritage Insurance stock?

HRTG stock was purchased by a variety of institutional investors in the last quarter, including Guggenheim Capital LLC, BlackRock Inc., AQR Capital Management LLC, Los Angeles Capital Management & Equity Research Inc., Signia Capital Management LLC, Geode Capital Management LLC, Aperio Group LLC, and Envestnet Asset Management Inc.. Company insiders that have bought Heritage Insurance stock in the last two years include Bruce Lucas, Ernie J Garateix, James Masiello, Kirk Lusk, Richard A Widdicombe, and Steven C Martindale. View insider buying and selling activity 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Heritage Insurance's stock price today?

One share of HRTG stock can currently be purchased for approximately $12.32.

How big of a company is Heritage Insurance?

Heritage Insurance has a market capitalization of $347.57 million and generates $511.30 million in revenue each year. The insurance provider earns $28.64 million in net income (profit) each year or $0.95 on an earnings per share basis. Heritage Insurance employs 438 workers across the globe.

What is Heritage Insurance's official website?

The official website for Heritage Insurance is www.heritagepci.com.

How can I contact Heritage Insurance?

Heritage Insurance's mailing address is 2600 MCCORMICK DRIVE SUITE 300, CLEARWATER FL, 33759. The insurance provider can be reached via phone at 727-362-7200 or via email at [email protected]

This page was last updated on 6/2/2020 by MarketBeat.com Staff