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HRTG

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

7.01USD+0.15 (+2.19%)Market Closed

Market Summary

HRTG
USD7.01+0.15
Market Closed
2.19%

HRTG Stock Price

View Fullscreen

HRTG RSI Chart

HRTG Valuation

Market Cap

210.2M

Price/Earnings (Trailing)

4.62

Price/Sales (Trailing)

0.23

EV/EBITDA

-0.71

Price/Free Cashflow

4.04

HRTG Price/Sales (Trailing)

HRTG Profitability

EBT Margin

6.07%

Return on Equity

19.38%

Return on Assets

2.14%

Free Cashflow Yield

24.78%

HRTG Fundamentals

HRTG Revenue

Revenue (TTM)

900.0M

Rev. Growth (Yr)

7.69%

Rev. Growth (Qtr)

82.6%

HRTG Earnings

Earnings (TTM)

45.5M

Earnings Growth (Yr)

1.55%

Earnings Growth (Qtr)

-54.03%

Breaking Down HRTG Revenue

52 Week Range

4.057.01
(Low)(High)

Last 7 days

6.2%

Last 30 days

-12.1%

Last 90 days

-27.1%

Trailing 12 Months

66.8%

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

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024900.0M000
2023820.9M842.4M863.2M875.6M
2022642.9M656.5M654.6M662.5M
2021607.9M622.1M624.4M631.6M
2020525.8M538.9M572.3M593.4M
2019486.4M491.3M497.7M511.3M
2018419.4M440.4M463.9M480.2M
2017475.0M408.3M400.8M406.6M
2016441.6M506.2M526.2M527.7M
2015277.8M330.3M339.7M394.8M
2014163.5M161.4M218.5M216.5M
2013000140.0M
20120000

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

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Jun 05, 2024
barlas irini
acquired
-
-
4,914
-
Jun 05, 2024
pappas nicholas george
acquired
-
-
4,914
-
Jun 05, 2024
apostolou panagiotis
acquired
-
-
4,914
-
Jun 05, 2024
vattamattam joseph
acquired
-
-
4,914
-
Jun 05, 2024
walvekar vijay
acquired
-
-
4,914
-
Jun 05, 2024
berset mark s
acquired
-
-
4,914
-
Jun 05, 2024
whiting paul l
acquired
-
-
4,914
-
Jun 05, 2024
widdicombe richard a
acquired
-
-
4,914
-
May 28, 2024
whiting paul l
bought
38,700
7.74
5,000
-
May 08, 2024
pappas nicholas george
sold
-51,360
8.56
-6,000
-

1–10 of 50

Which funds bought or sold HRTG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jul 09, 2024
LAZARD ASSET MANAGEMENT LLC
sold off
-100
-59,000
-
-%
Jul 02, 2024
GAMMA Investing LLC
new
-
12,737
12,737
-%
May 29, 2024
INSTRUMENTAL WEALTH, LLC
added
109
135,924
218,993
0.10%
May 16, 2024
JANE STREET GROUP, LLC
added
66.14
1,564,700
2,477,720
-%
May 15, 2024
Alyeska Investment Group, L.P.
sold off
-100
-1,673,510
-
-%
May 15, 2024
AMERIPRISE FINANCIAL INC
reduced
-71.91
-633,811
537,207
-%
May 15, 2024
TWO SIGMA ADVISERS, LP
added
19.07
1,134,150
2,334,480
-%
May 15, 2024
Brevan Howard Capital Management LP
new
-
371,770
371,770
-%
May 15, 2024
BANK OF AMERICA CORP /DE/
reduced
-47.34
-35,024
215,531
-%
May 15, 2024
683 Capital Management, LLC
sold off
-100
-158,110
-
-%

1–10 of 47

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

Unveiling Heritage Insurance Holdings Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Jun 10, 2024
driehaus capital management llc
4.13%
1,264,109
SC 13G/A
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

Recent SEC filings of Heritage Insurance Holdings Inc

View All Filings
Date Filed Form Type Document
Jun 10, 2024
SC 13G/A
Major Ownership Report
Jun 07, 2024
4
Insider Trading
Jun 07, 2024
4
Insider Trading
Jun 07, 2024
4
Insider Trading
Jun 07, 2024
4
Insider Trading
Jun 07, 2024
4
Insider Trading
Jun 07, 2024
4
Insider Trading
Jun 07, 2024
4
Insider Trading
Jun 07, 2024
4
Insider Trading
Jun 07, 2024
8-K
Current Report

Peers (Alternatives to Heritage Insurance Holdings Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
1.0T
1.3B
-20.63% 2880.80%
-5.8K
916.93
-10.27% -34.69%
59.0B
10.6B
5.50% 25.74%
54.06
5.56
20.42% -6.04%
52.5B
19.3B
5.55% 31.57%
9.82
2.72
3.03% 17.35%
51.1B
48.4B
3.71% 31.22%
10.58
1.06
-4.15% -20.63%
47.9B
42.9B
-0.20% 22.13%
15.25
1.12
13.52% 12.15%
36.4B
14.4B
-2.61% 26.97%
7.51
2.53
32.92% 143.01%
10.4B
8.0B
-0.73% 6.07%
11.84
1.31
11.14% 7.56%
9.8B
12.6B
3.00% 8.24%
7.38
0.78
4.24% -13.40%
MID-CAP
16.0B
3.2B
23.83% 199.19%
22.6
5.07
64.05% -34.59%
8.7B
11.4B
-1.77% 31.14%
11.32
0.76
9.81% 217.29%
5.4B
11.9B
2.27% 21.90%
4.02
0.45
-33.27% 234.43%
2.4B
1.3B
12.97% 61.49%
-43.72
1.88
18.74% 30.90%
SMALL-CAP
856.5M
308.9M
4.49% -14.72%
13.88
2.77
3.79% 10.94%
565.3M
314.0M
-4.50% -11.34%
9.83
1.8
-29.20% -88.19%
32.2M
187.5M
-13.19% -22.55%
-44.58
0.17
2.74% 73.83%

Heritage Insurance Holdings Inc News

Latest updates
Quantisnow08 Jul 202410:02 pm

Heritage Insurance Holdings Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue82.6%341,389186,964186,300185,313317,022174,589165,493163,770158,608166,712167,408150,197147,243159,548165,119136,012132,706138,502131,699122,843118,261
  S&GA Expenses17.2%19,63416,75521,91120,05819,05415,44917,75817,46619,72413,29817,16915,52019,80021,95417,92319,94321,718-45,44421,47718,38418,604
EBITDA Margin1.0%0.08*0.08*0.07*0.02*-0.13*-0.22*-0.32*-0.27*-0.14*-0.09*-0.04*-0.02*---------
Interest Expenses-5.6%2,8302,9992,5912,7402,8813,0592,0271,7511,9722,0172,1501,9251,8782,0342,2511,7211,9661,2672,4011,9842,117
Income Taxes155.4%5,6492,212-4,6025,9003,202-663-1,095563-10,6004,343-1,100-2,000-2,600-9,900-1,5001,1003,174-9,1593,0004002,369
Earnings Before Taxes-40.1%19,87433,170-12,02613,65117,21011,850-49,335-87,303-41,383-44,881-17,527-5,915-7,710-7,090-6,7335,24210,79419,49111,0831,0899,333
EBT Margin2.3%0.06*0.06*0.04*-0.01*-0.16*-0.25*-0.34*-0.29*-0.17*-0.12*-0.06*-0.04*---------
Net Income-54.0%14,22530,944-7,4247,77914,00812,501-48,240-87,866-30,759-49,218-16,410-3,950-5,1482,808-5,2334,1327,62012,8188,1337216,964
Net Income Margin-2.2%0.05*0.05*0.04*-0.02*-0.16*-0.23*-0.33*-0.28*-0.16*-0.12*-0.04*-0.02*---------
Free Cashflow-95.9%4,07998,312-55,8143,11814,909-22,42628,529-9,537-39,383-12,757-31,77564,849---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-1.1%2,1302,1532,3692,3572,1592,3932,5232,0301,8361,9812,2482,3522,0152,0892,1482,1661,8801,9401,8431,9341,677
    Cash Equivalents-16.7%386464229247330281298291286359393447403441510288313268230262280
  Net PPE-1.4%33.0033.0032.0031.0028.0026.0023.0020.0017.0017.0018.0019.0019.0019.0019.0020.0020.0021.0021.0021.0021.00
  Goodwill--------92.0092.0092.00152152152152152152152152152152152
Liabilities-2.0%1,8951,9332,2172,1962,0042,2622,4051,8491,5551,6381,8431,9271,5871,6471,7051,7041,4311,4911,3981,4951,242
  Long Term Debt2.7%12312012212412712912112312412112112012022.0012312612621.00131132132
Shareholder's Equity6.7%235220151161155131118181282343405425427442443462449449445439435
  Retained Earnings54.5%40.0026.00-4.833.00-5.18-19.19-31.6917.00106138189207213220219226223217206200201
  Additional Paid-In Capital0.2%361360337336335335334334333333333332332332333332331330332330329
Shares Outstanding1.4%31.0030.0027.0026.0026.0026.0026.0026.0027.0028.0028.0028.00---------
Float----73.00---62.00---219---331---399-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-95.7%4,30899,757-53,4619,17314,946-18,78032,055-8,329-39,206-12,642-31,63065,17539,22751,650-13,23646,10085,6973,50439,738-8,90785,322
  Share Based Compensation177.9%595-7641,3284033955014995035052953192872606221,3591,3571,3451,3451,3451,3441,345
Cashflow From Investing-173.6%-83,295113,19737,709-86,62536,525-4,355-19,46113,602-27,648-11,553-20,015-19,248-73,664-114,580233,657-71,530-25,48547,061-63,874-2,601-34,171
Cashflow From Financing-85.7%3,11321,804-2,437-2,442-2,3796,894-5,129-2,511-4,312-9,879-1,899-1,754-3,749-5,720-5,579-3,808-13,791-11,342-8,352-4,196-21,544
  Dividend Payments-----11.00-1.001,5491,5881,6341,6801,6801,6791,6701,6831,6931,7261,7501,7711,7921,7951,601
  Buy Backs------6141,729-5,0007,1871,005----2,0117,9864,2904,5492,3335,011
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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 earned341,389317,022
Ceded premiums(161,963)(150,993)
Net premiums earned179,426166,029
Net investment income8,5515,582
Net realized (losses) gains(1)1,898
Other revenue3,3263,412
Total revenues191,302176,921
EXPENSES:  
Losses and loss adjustment expenses102,03597,452
Policy acquisition costs, net of ceding commission income[1]46,92940,324
General and administrative expenses, net of ceding commission income[2]19,63419,054
Total expenses168,598156,830
Operating income22,70420,091
Interest expense, net2,8302,881
Income before income taxes19,87417,210
Provision for income taxes5,6493,202
Net income (loss)14,22514,008
OTHER COMPREHENSIVE INCOME  
Change in net unrealized (losses) gains on investments(284)12,143
Reclassification adjustment for net realized investment losses12
Income tax benefit (expense) related to items of other comprehensive income (loss)67(2,855)
Total comprehensive income$ 14,009$ 23,298
Weighted average shares outstanding  
Basic30,376,68225,558,305
Diluted30,435,94525,617,568
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)1,9361,666 
Other investments, net6,8867,067 
Total investments652,935569,415 
Cash and cash equivalents386,100463,640 
Restricted cash11,3659,699 
Accrued investment income4,5834,068 
Premiums receivable, net94,32689,490 
Reinsurance recoverable on paid and unpaid claims, net of allowance for credit losses of $197565,694482,429 
Prepaid reinsurance premiums176,726294,222 
Income tax receivable3,37513,354 
Deferred income tax asset, net15,50911,111 
Deferred policy acquisition costs, net104,217102,884$ 99,617
Property and equipment, net32,76733,218 
Right-of-use lease asset, finance16,97117,606 
Right-of-use lease asset, operating6,6626,835 
Intangibles, net41,00942,555 
Other assets17,89512,674 
Total Assets2,130,1342,153,200 
LIABILITIES AND STOCKHOLDERS' EQUITY   
Unpaid losses and loss adjustment expenses843,687845,9551,131,807
Unearned premiums691,174675,921 
Reinsurance payable102,538159,823 
Long-term debt, net123,007119,732 
Advance premiums37,01923,900 
Accrued compensation3,8769,461 
Lease liability, finance19,83020,386 
Lease liability, operating7,8688,076 
Accounts payable and other liabilities66,20069,666 
Total Liabilities1,895,1991,932,920 
Commitments and contingencies (Note 17)
Stockholders’ Equity:   
Common stock, $0.0001 par value, 50,000,000 shares authorized, 42,868,170 shares issued and 30,636,496 outstanding at March 31, 2024 and 42,450,612 shares issued and 30,218,938 outstanding at December 31, 202333 
Additional paid-in capital360,956360,310 
Accumulated other comprehensive loss, net of taxes(35,466)(35,250) 
Treasury stock, at cost, 12,231,674 shares at each March 31, 2024 and December 31, 2023(130,900)(130,900) 
Retained earnings40,34226,117 
Total Stockholders' Equity234,935220,280$ 131,039
Total Liabilities and Stockholders' Equity$ 2,130,134$ 2,153,200 
HRTG
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
 WEBSITEhttps://investors.heritagepci.com
 INDUSTRYInsurance Property & Casualty
 EMPLOYEES612

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 Thu Jul 11 2024, market cap of Heritage Insurance Holdings Inc is 210.17 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 Thu Jul 11 2024, HRTG's PE ratio (Price to Earnings) is 4.62 and Price to Sales (PS) ratio is 0.23. 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.

What is 5 year return on Heritage Insurance Holdings Inc's stock?

In the past 10 years, Heritage Insurance Holdings Inc has provided -0.059 (multiply by 100 for percentage) rate of return.