NYSE:HRTG

Heritage Insurance (HRTG) Stock Price, News & Analysis

$9.45
+0.24 (+2.61%)
(As of 05/17/2024 ET)
Today's Range
$9.14
$9.47
50-Day Range
$6.99
$10.99
52-Week Range
$3.73
$11.23
Volume
259,036 shs
Average Volume
405,426 shs
Market Capitalization
$289.55 million
P/E Ratio
5.76
Dividend Yield
N/A
Price Target
$9.00

Heritage Insurance MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
4.8% Downside
$9.00 Price Target
Short Interest
Healthy
3.49% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.68
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Acquiring Shares
$621,350 Bought Last Quarter
Proj. Earnings Growth
24.14%
From $1.45 to $1.80 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.09 out of 5 stars

Finance Sector

275th out of 877 stocks

Fire, Marine, & Casualty Insurance Industry

20th out of 52 stocks

HRTG stock logo

About Heritage Insurance Stock (NYSE:HRTG)

Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential insurance in 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; homeowners insurance products, including single-family, homeowners or duplex, and condominium owners; and dwelling fire insurance policies. 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. The company was founded in 2012 and is headquartered in Tampa, Florida.

HRTG Stock Price History

HRTG Stock News Headlines

Heritage Reports First Quarter 2024 Results
Heritage Insurance earnings preview: what to expect
Heritage Insurance Holdings Inc (HRTG)
Q4 2023 Heritage Insurance Holdings Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
5/01/2024
Today
5/17/2024
Next Earnings (Estimated)
8/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
N/A
Fax
N/A
Employees
566
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$9.00
High Stock Price Target
$11.00
Low Stock Price Target
$7.00
Potential Upside/Downside
-4.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$45.31 million
Pretax Margin
7.29%

Debt

Sales & Book Value

Annual Sales
$735.50 million
Cash Flow
$1.41 per share
Book Value
$7.67 per share

Miscellaneous

Free Float
26,990,000
Market Cap
$289.55 million
Optionable
Optionable
Beta
0.92

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Key Executives

  • Mr. Ernesto Jose Garateix CPCU (Age 52)
    CEO & Director
    Comp: $1.37M
  • Mr. Kirk Howard Lusk (Age 63)
    Chief Financial Officer
    Comp: $1.09M
  • Mr. Timothy Michael Moura (Age 51)
    President of Narragansett Bay Insurance Company
    Comp: $999.54k
  • Ms. Sharon Ann Binnun (Age 62)
    Chief Accounting Officer
    Comp: $588.61k
  • Mr. Joseph Rene Peiso (Age 65)
    Vice President of Compliance
  • Mr. Timothy E. Johns (Age 67)
    President of Zephyr Insurance Company
    Comp: $454.44k
  • Mr. Stephen Lowell Rohde (Age 73)
    Advisory
    Comp: $959.41k

HRTG Stock Analysis - Frequently Asked Questions

Should I buy or sell Heritage Insurance stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Heritage Insurance in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" HRTG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HRTG, but not buy additional shares or sell existing shares.
View HRTG analyst ratings
or view top-rated stocks.

What is Heritage Insurance's stock price target for 2024?

3 brokers have issued 12 month price targets for Heritage Insurance's stock. Their HRTG share price targets range from $7.00 to $11.00. On average, they predict the company's stock price to reach $9.00 in the next year. This suggests that the stock has a possible downside of 4.8%.
View analysts price targets for HRTG
or view top-rated stocks among Wall Street analysts.

How have HRTG shares performed in 2024?

Heritage Insurance's stock was trading at $6.52 on January 1st, 2024. Since then, HRTG stock has increased by 44.9% and is now trading at $9.45.
View the best growth stocks for 2024 here
.

Are investors shorting Heritage Insurance?

Heritage Insurance saw a decrease in short interest in April. As of April 30th, there was short interest totaling 787,400 shares, a decrease of 6.9% from the April 15th total of 845,500 shares. Based on an average daily trading volume, of 443,100 shares, the short-interest ratio is currently 1.8 days. Approximately 3.5% of the company's shares are short sold.
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, August 13th 2024.
View our HRTG earnings forecast
.

How were Heritage Insurance's earnings last quarter?

Heritage Insurance Holdings, Inc. (NYSE:HRTG) posted its quarterly earnings data on Wednesday, May, 1st. The insurance provider reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.14. The insurance provider had revenue of $191.30 million for the quarter, compared to analyst estimates of $189.05 million. Heritage Insurance had a trailing twelve-month return on equity of 24.02% and a net margin of 6.07%. During the same quarter in the prior year, the business earned $0.55 EPS.

What ETF holds Heritage Insurance's stock?

Invesco DWA SmallCap Momentum ETF holds 702,445 shares of HRTG stock, representing 0.63% of its portfolio.

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).

Who are Heritage Insurance's major shareholders?

Heritage Insurance's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (3.58%), Pacific Ridge Capital Partners LLC (2.24%), Assenagon Asset Management S.A. (1.04%), Essex Investment Management Co. LLC (0.69%), Acadian Asset Management LLC (0.41%) and Empowered Funds LLC (0.32%). Insiders that own company stock include Ernie J Garateix, Ernie J Garateix, Kirk Lusk, Nicholas George Pappas, Paul L Whiting, Raymond T Hyer, Richard A Widdicombe and Steven C Martindale.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:HRTG) was last updated on 5/17/2024 by MarketBeat.com Staff

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