HRTG - Heritage Insurance Holdings Inc Stock Price, Fair Value and News

9.46USD+0.25 (+2.71%)Delayed

Market Summary

USD9.46+0.25

Delayed

2.71%

HRTG Alerts

3 major insider buys recently.

HRTG Stock Price

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HRTG RSI Chart

HRTG Valuation

Market Cap

289.8M

Price/Earnings (Trailing)

6.37

Price/Sales (Trailing)

0.39

EV/EBITDA

0.36

Price/Free Cashflow

5.83

HRTG Price/Sales (Trailing)

HRTG Profitability

EBT Margin

7.29%

Return on Equity

19.38%

Return on Assets

2.14%

Free Cashflow Yield

17.15%

HRTG Fundamentals

HRTG Revenue

Revenue (TTM)

749.9M

Rev. Growth (Yr)

8.13%

Rev. Growth (Qtr)

2.32%

HRTG Earnings

Earnings (TTM)

45.5M

Earnings Growth (Yr)

1.55%

Earnings Growth (Qtr)

-54.03%

Breaking Down HRTG Revenue

Last 7 days

7.4%

Last 30 days

2.1%

Last 90 days

49.7%

Trailing 12 Months

90.7%

How does HRTG drawdown profile look like?

HRTG Financial Health

Debt/Equity

0.52

Debt/Cashflow

0.49

HRTG Investor Care

Dividend Yield

1.44%

Dividend/Share (TTM)

0.12

Shares Dilution (1Y)

15.74%

Diluted EPS (TTM)

1.64

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	749.9M	0	0	0
2023	680.8M	702.3M	723.1M	735.5M
2022	642.9M	656.5M	654.6M	662.5M
2021	607.9M	622.1M	624.4M	631.6M
2020	525.8M	538.9M	572.3M	593.4M
2019	486.4M	491.3M	497.7M	511.3M
2018	419.4M	440.4M	463.9M	480.2M
2017	475.0M	408.3M	400.8M	406.6M
2016	441.6M	506.2M	526.2M	527.7M
2015	277.8M	330.3M	339.7M	394.8M
2014	163.5M	161.4M	218.5M	216.5M
2013	0	0	0	140.0M
2012	0	0	0	0

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Heritage Insurance Holdings Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 08, 2024	pappas nicholas george	sold	-51,360	8.56	-6,000	-
May 06, 2024	garateix ernie j	bought	40,950	8.19	5,000	chief executive officer
May 06, 2024	whiting paul l	bought	417,500	8.35	50,000	-
May 06, 2024	lusk kirk	bought	40,550	8.11	5,000	chief financial officer
Mar 26, 2024	pappas nicholas george	sold	-10,870	10.87	-1,000	-
Mar 21, 2024	hyer raymond t	gifted	-	-	-500,000	-
Mar 21, 2024	hyer raymond t	gifted	-	-	500,000	-
Mar 14, 2024	whiting paul l	bought	162,800	8.14	20,000	-
Mar 14, 2024	pappas nicholas george	sold	-8,734	7.94	-1,100	-
Feb 29, 2024	pappas nicholas george	sold	-9,178	7.06	-1,300	-

Which funds bought or sold HRTG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	added	66.14	1,564,700	2,477,720	-%
May 15, 2024	MORGAN STANLEY	reduced	-21.97	688,808	3,197,070	-%
May 15, 2024	Cubist Systematic Strategies, LLC	added	613	2,145,390	2,346,830	0.01%
May 15, 2024	Brevan Howard Capital Management LP	new	-	371,770	371,770	-%
May 15, 2024	BARCLAYS PLC	reduced	-31.51	76,000	720,000	-%
May 15, 2024	OCCUDO QUANTITATIVE STRATEGIES LP	new	-	121,069	121,069	0.02%
May 15, 2024	Point72 Asia (Singapore) Pte. Ltd.	added	1,168	208,944	219,539	0.06%
May 15, 2024	STATE STREET CORP	added	52.73	759,599	1,267,760	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	reduced	-47.34	-35,024	215,531	-%
May 15, 2024	Driehaus Capital Management LLC	reduced	-14.98	4,820,920	17,223,500	0.17%

Are Funds Buying or Selling HRTG?

Are funds buying HRTG calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own HRTG

No. of Funds

HRTG Alerts

3 major insider buys recently.

Unveiling Heritage Insurance Holdings Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 21, 2024	hyer raymond t	13.75%	3,711,263	SC 13G/A
Feb 14, 2024	driehaus capital management llc	6.33%	1,902,235	SC 13G
Feb 15, 2023	hyer raymond t	13.77%	3,563,115	SC 13G/A
Feb 13, 2023	hyer raymond t	12.99%	3,360,655	SC 13G/A
Jul 08, 2022	blackrock inc.	4.4%	1,156,833	SC 13G
May 25, 2022	hyer raymond t	6.61%	1,750,000	SC 13G
Feb 08, 2022	dimensional fund advisors lp	4.6%	1,276,551	SC 13G/A
Feb 03, 2022	blackrock inc.	8.7%	2,422,700	SC 13G/A
Feb 12, 2021	dimensional fund advisors lp	5.7%	1,585,854	SC 13G
Jan 29, 2021	blackrock inc.	8.5%	2,383,699	SC 13G/A

Recent SEC filings of Heritage Insurance Holdings Inc

View All Filings

Date Filed	Form Type	Document
May 09, 2024	4	Insider Trading
May 08, 2024	10-Q	Quarterly Report
May 07, 2024	4	Insider Trading
May 07, 2024	4	Insider Trading
May 07, 2024	4	Insider Trading
May 02, 2024	8-K	Current Report
Apr 30, 2024	EFFECT	EFFECT
Apr 30, 2024	8-K	Current Report
Apr 26, 2024	S-3/A	S-3/A
Apr 25, 2024	ARS	ARS

Peers (Alternatives to Heritage Insurance Holdings Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ARGO	1.1T	1.3B	1.56%	3220.84%	-5.4K	851.43	-10.27%	-34.69%
AJG	56.3B	10.6B	11.80%	20.14%	51.57	5.3	20.42%	-6.05%
AIG	53.5B	48.4B	11.01%	48.35%	11.07	1.1	-4.15%	-20.63%
TRV	50.3B	42.9B	6.36%	19.84%	16.03	1.17	13.52%	12.15%
AFL	50.2B	19.3B	10.10%	32.07%	9.39	2.6	3.03%	17.35%
ACGL	37.9B	14.4B	11.43%	34.12%	7.82	2.63	32.92%	143.01%
AFG	11.2B	8.0B	7.21%	13.44%	12.7	1.4	11.14%	7.56%
MID-CAP
UNM	10.1B	12.6B	5.84%	14.37%	7.61	0.8	4.24%	-13.40%
AIZ	9.1B	11.4B	3.23%	33.23%	11.93	0.8	9.81%	217.29%
LNC	5.1B	11.9B	12.70%	41.34%	3.81	0.43	-33.27%	234.43%
AEL	3.9B	3.2B	-0.20%	45.14%	5.55	1.23	64.05%	-35.60%
SMALL-CAP
BRP	2.0B	1.3B	23.61%	49.66%	-37.13	1.59	18.74%	30.90%
AMSF	887.3M	308.9M	-4.69%	-15.41%	14.38	2.87	3.79%	10.94%
AMBC	818.6M	314.0M	28.73%	23.89%	14.24	2.61	-29.20%	-88.19%
AAME	35.5M	187.5M	-11.22%	-20.55%	-49.09	0.19	2.74%	73.83%

Heritage Insurance Holdings Inc News

Latest updates

Heritage Insurance Holdings Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	2.3%	191,302	186,964	186,300	185,313	176,921	174,589	165,493	163,770	158,608	166,712	167,408	150,197	147,243	159,548	165,119	136,012	132,706	138,502	131,699	122,843	118,261
S&GA Expenses	17.2%	19,634	16,755	21,911	20,058	19,054	15,449	17,758	17,466	19,724	13,298	17,169	15,520	19,800	21,954	17,923	19,943	21,718	-45,444	21,477	18,384	18,604
EBITDA Margin	1.2%	0.10*	0.10*	0.07*	0.02*	-0.13*	-0.22*	-0.32*	-0.27*	-0.14*	-0.09*	-0.04*	-0.02*	-	-	-	-	-	-	-	-	-
Interest Expenses	-20.0%	2,400	2,999	2,591	2,740	2,881	3,059	2,027	1,751	1,972	2,017	2,150	1,925	1,878	2,034	2,251	1,721	1,966	1,267	2,401	1,984	2,117
Income Taxes	154.8%	5,600	2,198	-4,600	5,900	3,200	-663	-1,095	563	-10,600	4,356	-1,117	-1,965	-2,600	-9,905	-1,500	1,100	3,200	-9,153	3,000	400	2,369
Earnings Before Taxes	-40.1%	19,874	33,170	-12,026	13,651	17,210	11,850	-49,335	-87,303	-41,383	-44,881	-17,527	-5,915	-7,710	-7,090	-6,733	5,242	10,794	19,491	11,083	1,089	9,333
EBT Margin	3.1%	0.07*	0.07*	0.04*	-0.01*	-0.16*	-0.25*	-0.34*	-0.29*	-0.17*	-0.12*	-0.06*	-0.04*	-	-	-	-	-	-	-	-	-
Net Income	-54.0%	14,225	30,944	-7,424	7,779	14,008	12,501	-48,240	-87,866	-30,759	-49,218	-16,410	-3,950	-5,148	2,808	-5,233	4,132	7,620	12,818	8,133	721	6,964
Net Income Margin	-1.4%	0.06*	0.06*	0.04*	-0.02*	-0.16*	-0.23*	-0.33*	-0.28*	-0.16*	-0.12*	-0.04*	-0.02*	-	-	-	-	-	-	-	-	-
Free Cashflow	-95.9%	4,079	98,312	-55,814	3,118	14,909	-22,426	28,529	-9,537	-39,383	-12,757	-31,775	64,849	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-1.1%	2,130	2,153	2,369	2,357	2,159	2,393	2,523	2,030	1,836	1,981	2,248	2,352	2,015	2,089	2,148	2,166	1,880	1,940	1,843	1,934	1,677
Cash Equivalents	-16.7%	386	464	229	247	330	281	298	291	286	359	393	447	403	441	510	288	313	268	230	262	280
Net PPE	-1.4%	33.00	33.00	32.00	31.00	28.00	26.00	23.00	20.00	17.00	17.00	18.00	19.00	19.00	19.00	19.00	20.00	20.00	21.00	21.00	21.00	21.00
Goodwill	-	-	-	-	-	-	-	-	92.00	92.00	92.00	152	152	152	152	152	152	152	152	152	152	152
Liabilities	-2.0%	1,895	1,933	2,217	2,196	2,004	2,262	2,405	1,849	1,555	1,638	1,843	1,927	1,587	1,647	1,705	1,704	1,431	1,491	1,398	1,495	1,242
Long Term Debt	2.7%	123	120	122	124	127	129	121	123	124	121	121	120	120	22.00	123	126	126	21.00	131	132	132
Shareholder's Equity	6.7%	235	220	151	161	155	131	118	181	282	343	405	425	427	442	443	462	449	449	445	439	435
Retained Earnings	54.5%	40.00	26.00	-4.83	3.00	-5.18	-19.19	-31.69	17.00	106	138	189	207	213	220	219	226	223	217	206	200	201
Additional Paid-In Capital	0.2%	361	360	337	336	335	335	334	334	333	333	333	332	332	332	333	332	331	330	332	330	329
Shares Outstanding	1.4%	31.00	30.00	27.00	26.00	26.00	26.00	27.00	26.00	27.00	28.00	28.00	28.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	73.00	-	-	-	62.00	-	-	-	219	-	-	-	331	-	-	-	399	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-95.7%	4,308	99,757	-53,461	9,173	14,946	-18,780	32,055	-8,329	-39,206	-12,642	-31,630	65,175	39,227	51,650	-13,236	46,100	85,697	3,504	39,738	-8,907	85,322
Share Based Compensation	177.9%	595	-764	1,328	403	395	501	499	503	505	295	319	287	260	622	1,359	1,357	1,345	1,345	1,345	1,344	1,345
Cashflow From Investing	-173.6%	-83,295	113,197	37,709	-86,625	36,525	-4,355	-19,461	13,602	-27,648	-11,553	-20,015	-19,248	-73,664	-114,580	233,657	-71,530	-25,485	47,061	-63,874	-2,601	-34,171
Cashflow From Financing	-85.7%	3,113	21,804	-2,437	-2,442	-2,379	6,894	-5,129	-2,511	-4,312	-9,879	-1,899	-1,754	-3,749	-5,720	-5,579	-3,808	-13,791	-11,342	-8,352	-4,196	-21,544
Dividend Payments	-	-	-	-	-	11.00	-1.00	1,549	1,588	1,634	1,680	1,680	1,679	1,670	1,683	1,693	1,726	1,750	1,771	1,792	1,795	1,601
Buy Backs	-	-	-	-	-	-	614	1,729	-	5,000	7,187	1,005	-	-	-	-	2,011	7,986	4,290	4,549	2,333	5,011

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HRTG Income Statement

2024-03-31

Condensed Consolidated Statements of Operations and Other Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

REVENUES:

Gross premiums written

$ 356,684

$ 310,309

Change in gross unearned premiums

(15,295)

6,713

Gross premiums earned

341,389

317,022

Ceded premiums

(161,963)

(150,993)

Net premiums earned

179,426

166,029

Net investment income

8,551

5,582

Net realized (losses) gains

(1)

1,898

Other revenue

3,326

3,412

Total revenues

191,302

176,921

EXPENSES:

Losses and loss adjustment expenses

102,035

97,452

Policy acquisition costs, net of ceding commission income

^[1]

46,929

40,324

General and administrative expenses, net of ceding commission income

^[2]

19,634

19,054

Total expenses

168,598

156,830

Operating income

22,704

20,091

Interest expense, net

2,830

2,881

Income before income taxes

19,874

17,210

Provision for income taxes

5,649

3,202

Net income (loss)

14,225

14,008

OTHER COMPREHENSIVE INCOME

Change in net unrealized (losses) gains on investments

(284)

12,143

Reclassification adjustment for net realized investment losses

Income tax benefit (expense) related to items of other comprehensive income (loss)

(2,855)

Total comprehensive income

$ 14,009

$ 23,298

Weighted average shares outstanding

Basic

30,376,682

25,558,305

Diluted

30,435,945

25,617,568

Earnings per share

Basic

$ 0.47

$ 0.55

Diluted

$ 0.47

$ 0.55

[1]	Policy acquisition costs includes $9.3 million and $12.9 million of ceding commission income for the three months ended March 31, 2024 and 2023, respectively.
[2]	General and administration includes $3.0 million and $4.3 million of ceding commission income for the three months ended March 31, 2024 and 2023, respectively.

HRTG Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Fixed maturities, available-for-sale, at fair value (amortized cost of $690,345 and $606,646)	$ 644,113	$ 560,682
Equity securities, at fair value, (cost $1,936 and $1,666)	1,936	1,666
Other investments, net	6,886	7,067
Total investments	652,935	569,415
Cash and cash equivalents	386,100	463,640
Restricted cash	11,365	9,699
Accrued investment income	4,583	4,068
Premiums receivable, net	94,326	89,490
Reinsurance recoverable on paid and unpaid claims, net of allowance for credit losses of $197	565,694	482,429
Prepaid reinsurance premiums	176,726	294,222
Income tax receivable	3,375	13,354
Deferred income tax asset, net	15,509	11,111
Deferred policy acquisition costs, net	104,217	102,884	$ 99,617
Property and equipment, net	32,767	33,218
Right-of-use lease asset, finance	16,971	17,606
Right-of-use lease asset, operating	6,662	6,835
Intangibles, net	41,009	42,555
Other assets	17,895	12,674
Total Assets	2,130,134	2,153,200
LIABILITIES AND STOCKHOLDERS' EQUITY
Unpaid losses and loss adjustment expenses	843,687	845,955	1,131,807
Unearned premiums	691,174	675,921
Reinsurance payable	102,538	159,823
Long-term debt, net	123,007	119,732
Advance premiums	37,019	23,900
Accrued compensation	3,876	9,461
Lease liability, finance	19,830	20,386
Lease liability, operating	7,868	8,076
Accounts payable and other liabilities	66,200	69,666
Total Liabilities	1,895,199	1,932,920
Commitments and contingencies (Note 17)
Stockholders’ Equity:
Common stock, $0.0001 par value, 50,000,000 shares authorized, 42,868,170 shares issued and 30,636,496 outstanding at March 31, 2024 and 42,450,612 shares issued and 30,218,938 outstanding at December 31, 2023	3	3
Additional paid-in capital	360,956	360,310
Accumulated other comprehensive loss, net of taxes	(35,466)	(35,250)
Treasury stock, at cost, 12,231,674 shares at each March 31, 2024 and December 31, 2023	(130,900)	(130,900)
Retained earnings	40,342	26,117
Total Stockholders' Equity	234,935	220,280	$ 131,039
Total Liabilities and Stockholders' Equity	$ 2,130,134	$ 2,153,200

About Heritage Insurance Holdings Inc

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.

CEO	Mr. Ernesto Jose Garateix CPCU
WEBSITE	https://investors.heritagepci.com
INDUSTRY	Insurance Property & Casualty
EMPLOYEES	612

Heritage Insurance Holdings Inc Frequently Asked Questions

What is the ticker symbol for Heritage Insurance Holdings Inc? What does HRTG stand for in stocks?

HRTG is the stock ticker symbol of Heritage Insurance Holdings Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Heritage Insurance Holdings Inc (HRTG)?

As of Fri May 17 2024, market cap of Heritage Insurance Holdings Inc is 289.82 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of HRTG stock?

You can check HRTG's fair value in chart for subscribers.

What is the fair value of HRTG stock?

You can check HRTG's fair value in chart for subscribers. The fair value of Heritage Insurance Holdings Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Heritage Insurance Holdings Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for HRTG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Heritage Insurance Holdings Inc a good stock to buy?

The fair value guage provides a quick view whether HRTG is over valued or under valued. Whether Heritage Insurance Holdings Inc is cheap or expensive depends on the assumptions which impact Heritage Insurance Holdings Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for HRTG.

What is Heritage Insurance Holdings Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, HRTG's PE ratio (Price to Earnings) is 6.37 and Price to Sales (PS) ratio is 0.39. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. HRTG PE ratio will change depending on the future growth rate expectations of investors.