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

10.28USD-0.15 (-1.44%)Market Closed

Market Summary

USD10.28-0.15

Market Closed

-1.44%

HRTG Alerts

1 major insider buys recently.

HRTG Stock Price

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HRTG RSI Chart

HRTG Valuation

Market Cap

310.7M

Price/Earnings (Trailing)

6.86

Price/Sales (Trailing)

0.42

EV/EBITDA

-0.46

Price/Free Cashflow

5.13

HRTG Price/Sales (Trailing)

HRTG Profitability

EBT Margin

7.07%

Return on Equity

20.57%

Return on Assets

2.1%

Free Cashflow Yield

19.48%

HRTG Fundamentals

HRTG Revenue

Revenue (TTM)

735.5M

Rev. Growth (Yr)

7.09%

Rev. Growth (Qtr)

0.36%

HRTG Earnings

Earnings (TTM)

45.3M

Earnings Growth (Yr)

147.53%

Earnings Growth (Qtr)

516.81%

Breaking Down HRTG Revenue

Last 7 days

7.3%

Last 30 days

-2.1%

Last 90 days

65.8%

Trailing 12 Months

201.5%

How does HRTG drawdown profile look like?

HRTG Financial Health

Debt/Equity

0.54

Debt/Cashflow

0.59

HRTG Investor Care

Dividend Yield

1.43%

Dividend/Share (TTM)

0.12

Shares Dilution (1Y)

18.23%

Diluted EPS (TTM)

1.72

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
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
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	-
Feb 26, 2024	binnun sharon	acquired	-	-	41,133	chief accounting officer
Feb 26, 2024	garateix ernie j	acquired	-	-	236,111	chief executive officer
Feb 26, 2024	johns timothy e.	acquired	-	-	5,342	see remarks
Feb 26, 2024	lusk kirk	acquired	-	-	102,564	chief financial officer

Which funds bought or sold HRTG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-39.21	-1,805	257,397	-%
Apr 25, 2024	Lindbrook Capital, LLC	sold off	-100	-2,582	-	-%
Apr 25, 2024	SIMPLEX TRADING, LLC	new	-	6,000	6,000	-%
Apr 24, 2024	RITHOLTZ WEALTH MANAGEMENT	reduced	-18.61	73,247	295,559	0.01%
Apr 24, 2024	Assenagon Asset Management S.A.	added	265	2,791,180	3,353,220	0.01%
Apr 24, 2024	Newbridge Financial Services Group, Inc.	unchanged	-	8,260	21,300	0.01%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	new	-	123,476	123,476	-%
Apr 18, 2024	Capital Advisors, Ltd. LLC	unchanged	-	4,000	11,000	-%
Apr 16, 2024	Harbor Group, Inc.	sold off	-100	-123,345	-	-%
Apr 15, 2024	Legato Capital Management LLC	reduced	-43.86	-81,215	896,655	0.11%

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

1 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
Apr 26, 2024	S-3/A	S-3/A
Apr 25, 2024	ARS	ARS
Apr 25, 2024	DEF 14A	DEF 14A
Apr 25, 2024	DEFA14A	DEFA14A
Apr 15, 2024	4	Insider Trading
Apr 10, 2024	4/A	Insider Trading
Apr 04, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 18, 2024	4/A	Insider Trading
Mar 15, 2024	DEL AM	DEL AM

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	1.0T	1.3B	-3.06%	3132.39%	-4.8K	757.88	-10.27%	-34.69%
AJG	50.7B	10.1B	-5.56%	11.94%	52.29	5.04	17.79%	-12.97%
AIG	50.7B	46.8B	-4.94%	42.83%	13.92	1.08	-14.05%	-64.38%
TRV	48.9B	42.9B	-6.72%	18.42%	15.57	1.14	13.52%	12.15%
AFL	48.2B	18.7B	-2.37%	20.33%	10.35	2.58	-2.30%	5.45%
ACGL	34.0B	13.6B	-0.66%	23.01%	7.65	2.49	41.83%	201.02%
AFG	10.6B	7.8B	-6.96%	4.78%	12.5	1.36	11.18%	-5.12%
MID-CAP
UNM	9.7B	12.4B	-5.51%	22.95%	7.57	0.78	3.35%	-8.77%
AIZ	9.0B	11.1B	-7.83%	43.99%	13.97	0.81	9.21%	132.28%
LNC	4.7B	11.6B	-13.31%	32.62%	-6.27	0.41	-38.09%	-155.38%
AEL	4.5B	2.8B	0.27%	47.86%	21.25	1.58	100.59%	-89.04%
SMALL-CAP
BRP	1.6B	1.2B	-7.26%	6.42%	-17.8	1.32	24.25%	-115.79%
AMSF	872.2M	308.9M	-8.27%	-17.61%	14.14	2.82	3.79%	10.94%
AMBC	659.9M	269.0M	-3.76%	-6.95%	146.63	2.45	-46.68%	-99.14%
AAME	40.0M	186.8M	-30.00%	-10.91%	-233.85	0.21	-0.56%	-111.21%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	0.4%	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	124,878
S&GA Expenses	-23.5%	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	16,377
EBITDA Margin	124.1%	0.10*	0.04*	0.01*	-0.08*	-0.14*	-0.20*	-0.19*	-0.12*	-0.09*	-0.04*	-0.02*	0.00*	-	-	-	-	-	-	-	-	-
Interest Expenses	15.7%	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	4,584
Income Taxes	147.8%	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	2,771
Earnings Before Taxes	375.8%	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	3,929
EBT Margin	167.0%	0.07*	0.03*	-0.01*	-0.10*	-0.16*	-0.21*	-0.21*	-0.14*	-0.12*	-0.06*	-0.04*	-0.03*	-	-	-	-	-	-	-	-	-
Net Income	516.8%	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	3,929
Net Income Margin	165.7%	0.06*	0.02*	-0.01*	-0.10*	-0.14*	-0.20*	-0.20*	-0.13*	-0.12*	-0.04*	-0.02*	-0.01*	-	-	-	-	-	-	-	-	-
Free Cashflow	276.1%	98,312	-55,814	3,118	14,909	-15,542	28,529	-9,537	-39,383	-12,757	-31,775	64,849	38,806	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-9.1%	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	1,769
Cash Equivalents	102.6%	464	229	247	330	281	298	291	286	359	393	447	403	441	510	288	313	268	230	262	280	250
Net PPE	2.5%	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	18.00
Goodwill	-	-	-	-	-	-	-	92.00	92.00	92.00	152	152	152	152	152	152	152	152	152	152	152	152
Liabilities	-12.8%	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	1,343
Long Term Debt	-1.9%	120	122	124	127	129	121	123	124	121	121	120	120	22.00	123	126	126	21.00	131	132	132	26.00
Shareholder's Equity	45.5%	220	151	161	155	131	118	181	282	343	405	425	427	442	443	462	449	449	445	439	435	425
Retained Earnings	641.1%	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	196
Additional Paid-In Capital	7.0%	360	337	336	335	335	334	334	333	333	333	332	332	332	333	332	331	330	332	330	329	325
Shares Outstanding	12.8%	30.00	27.00	26.00	26.00	26.00	27.00	26.00	27.00	28.00	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	286.6%	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	35,995
Share Based Compensation	-157.5%	-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	1,344
Cashflow From Investing	200.2%	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	4,321
Cashflow From Financing	994.7%	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	-11,720
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	1,591
Buy Backs	-	-	-	-	-	614	1,729	-	5,000	7,187	1,005	-	-	-	-	2,011	7,986	4,290	4,549	2,333	5,011	-

HRTG Income Statement

2023-12-31

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

REVENUES:

Gross premiums written

$ 1,343,101,000

$ 1,275,031,000

$ 1,164,879,000

Change in gross unearned premiums

(19,458,000)

(66,207,000)

(20,717,000)

Gross premiums earned

1,323,643,000

1,208,824,000

1,144,162,000

Ceded premiums earned

(626,458,000)

(571,759,000)

(533,091,000)

Net premiums earned

697,185,000

637,065,000

611,071,000

Net investment income

25,756,000

11,977,000

5,652,000

Net realized losses and impairment losses

(972,000)

(258,000)

(16,000)

Other revenue

13,529,000

13,676,000

14,854,000

Total revenues

735,498,000

662,460,000

631,561,000

EXPENSES:

Losses and loss adjustment expenses

426,129,000

501,162,000

427,370,000

Policy acquisition costs, net of ceding commission income

^[1]

167,610,000

156,304,000

145,968,000

General and administrative expenses, net of ceding commission income

^[2]

77,777,000

70,396,000

65,787,000

Goodwill or intangible asset impairment

767,000

91,959,000

60,500,000

Total expenses

672,283,000

819,821,000

699,625,000

Operating income (loss)

63,215,000

(157,361,000)

(68,064,000)

Interest expense, net

11,210,000

8,809,000

7,970,000

Income (loss) before income taxes

52,005,000

(166,170,000)

(76,034,000)

Provision (benefit) for income taxes

6,698,000

(11,807,000)

(1,307,000)

Net income (loss)

45,307,000

(154,363,000)

(74,727,000)

OTHER COMPREHENSIVE INCOME (LOSS)

Change in net unrealized gains (losses) on investments

23,388,000

(64,335,000)

(13,661,000)

Reclassification adjustment for net realized investment losses (gains)

636,000

258,000

(64,000)

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

(5,690,000)

15,065,000

3,095,000

Total comprehensive income (loss)

$ 63,641,000

$ (203,375,000)

$ (85,357,000)

Weighted average shares outstanding

Basic

26,193,065

26,343,826

27,804,355

Diluted

26,252,328

26,343,826

27,804,355

Earnings (loss) per share

Basic

$ 1.73

$ (5.86)

$ (2.69)

Diluted

$ 1.73

$ (5.86)

$ (2.69)

[1]	Policy acquisition costs includes $48.7 million, $46.5 million and $47.1 million of ceding commission income for the reporting years 2023, 2022 and 2021, respectively.
[2]	General and administration includes $16.1 million, $15.4 million and $15.6 million of ceding commission income for the reporting years 2023, 2022 and 2021, respectively.

HRTG Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Fixed maturities, available-for-sale, at fair value (amortized cost of $606,646 and $705,548)	$ 560,682	$ 635,572
Equity securities, at fair value, (cost $1,666 and $1,514)	1,666	1,514
Other investments, net	7,067	16,484
Total investments	569,415	653,570
Cash and cash equivalents	463,640	280,881
Restricted cash	9,699	6,691
Accrued investment income	4,068	3,817
Premiums receivable, net	89,490	92,749
Reinsurance recoverable on paid and unpaid claims, net of allowance for credit losses of $197 and $45	482,429	805,059
Prepaid reinsurance premiums	294,222	306,977
Income taxes receivable	13,354	12,118
Deferred income tax asset, net	11,111	16,841
Deferred policy acquisition costs, net	102,884	99,617
Property and equipment, net	33,218	25,729
Right-of-use lease asset, finance	17,606	20,132
Right-of-use lease asset, operating	6,835	7,335
Intangibles, net	42,555	49,575
Other assets	12,674	11,509
Total Assets	2,153,200	2,392,600
LIABILITIES AND STOCKHOLDERS' EQUITY
Unpaid losses and loss adjustment expenses	845,955	1,131,807
Unearned premiums	675,921	656,641
Reinsurance payable	159,823	199,803
Long-term debt, net	119,732	128,943
Advance premiums	23,900	26,516
Accrued compensation	9,461	6,594
Lease liability, finance	20,386	22,557
Lease liability, operating	8,076	8,690
Accounts payable and other liabilities	69,666	80,010
Total Liabilities	1,932,920	2,261,561
Commitments and contingencies (Note 17)
Stockholders’ Equity:
Common stock, $0.0001 par value, 50,000,000 shares authorized, 42,450,612 shares issued and 30,218,938 outstanding at December 31, 2023 and 37,796,107 shares issued and 25,539,433 outstanding at December 31, 2022	3	3
Additional paid-in capital	360,310	334,711
Accumulated other comprehensive income, net of taxes	(35,250)	(53,585)
Treasury stock, at cost, 12,231,674 shares at December 31, 2023 and 2022	(130,900)	(130,900)
Retained earnings (deficit)	26,117	(19,190)
Total Stockholders' Equity	220,280	131,039
Total Liabilities and Stockholders' Equity	$ 2,153,200	$ 2,392,600

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 Apr 26 2024, market cap of Heritage Insurance Holdings Inc is 310.65 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 Apr 26 2024, HRTG's PE ratio (Price to Earnings) is 6.86 and Price to Sales (PS) ratio is 0.42. 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.