Should I buy or sell Heritage Insurance stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heritage Insurance in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 twelve-month price objectives for Heritage Insurance's shares. Their HRTG share price targets range from $7.00 to $11.00. On average, they anticipate the company's share price to reach $9.00 in the next year. This suggests that the stock has a possible downside of 2.9%. 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 at the start of the year. Since then, HRTG shares have increased by 42.2% and is now trading at $9.27. View the best growth stocks for 2024 here .

Are investors shorting Heritage Insurance?

Heritage Insurance saw a increase in short interest in March. As of March 31st, there was short interest totaling 779,200 shares, an increase of 70.1% from the March 15th total of 458,100 shares. Based on an average daily trading volume, of 413,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 3.5% of the shares of the stock are sold short. 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 Thursday, May 2nd 2024. View our HRTG earnings forecast .

How were Heritage Insurance's earnings last quarter?

Heritage Insurance Holdings, Inc. (NYSE:HRTG) issued its earnings results on Monday, March, 11th. The insurance provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.70. The insurance provider had revenue of $186.97 million for the quarter, compared to the consensus estimate of $185.11 million. Heritage Insurance had a trailing twelve-month return on equity of 26.69% and a net margin of 6.16%.

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) .

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 .

NYSE:HRTG

Heritage Insurance (HRTG) Stock Price, News & Analysis

→ Forget Nvidia, buy this A.I. Stock Now (From InvestorPlace) (Ad)

Free HRTG Stock Alerts

$9.27

-0.11 (-1.17%)

(As of 04/17/2024 ET)

Compare

Today's Range: $9.18
▼
$9.46
50-Day Range: $5.70
▼
$10.99
52-Week Range: $3.12
▼
$11.23

Volume: 240,298 shs
Average Volume: 406,466 shs
Market Capitalization: $280.14 million

P/E Ratio: 5.39
Dividend Yield: N/A
Price Target: $9.00

Get Heritage Insurance alerts:

Heritage Insurance MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 2.9% Downside
$9.00 Price Target
Short Interest: Healthy
3.51% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.68
Upright™ Environmental Score
News Sentiment: 0.07
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$162,800 Bought Last Quarter
Proj. Earnings Growth: 16.45%
From $1.52 to $1.77 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.

3.63 out of 5 stars

Finance Sector

398th out of 827 stocks

Fire, Marine, & Casualty Insurance Industry

29th out of 49 stocks

1.2

Analyst's Opinion

Consensus Rating
Heritage Insurance has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Heritage Insurance has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.51% of the float of Heritage Insurance has been sold short.
Short Interest Ratio / Days to Cover
Heritage Insurance has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Heritage Insurance has recently increased by 70.09%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Heritage Insurance does not currently pay a dividend.
Dividend Growth
Heritage Insurance does not have a long track record of dividend growth.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Heritage Insurance has received a 24.79% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Basic home insurance services for individuals", "Life insurance services for individuals", "Passenger car insurance services for individuals", "Commercial general liability insurance", and "Worker's compensation insurance" products. See details.
Environmental Sustainability
The Environmental Impact score for Heritage Insurance is -0.68.

2.3

News and Social Media Coverage

News Sentiment
Heritage Insurance has a news sentiment score of 0.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Heritage Insurance this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for HRTG on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
9 people have added Heritage Insurance to their MarketBeat watchlist in the last 30 days. This is an increase of 350% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Heritage Insurance insiders have bought 462.48% more of their company's stock than they have sold. Specifically, they have bought $162,800.00 in company stock and sold $28,943.00 in company stock.
Percentage Held by Insiders
11.90% of the stock of Heritage Insurance is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
59.03% of the stock of Heritage Insurance is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Heritage Insurance are expected to grow by 16.45% in the coming year, from $1.52 to $1.77 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Heritage Insurance is 5.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.92.
Price to Earnings Ratio vs. Sector
The P/E ratio of Heritage Insurance is 5.39, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.54.
Price to Book Value per Share Ratio
Heritage Insurance has a P/B Ratio of 1.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Ad InvestorPlace

Forget Nvidia, buy this A.I. Stock Now

Forget Nvidia, Microsoft or Google. Our tech expert and venture capitalist Luke Lango believes this is Elon Musk’s favorite A.I. stock. Why? Because this company is supplying Elon Musk with a key piece of advanced tech for his new A.I. venture.

Click here to see the details.

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

30 days | 90 days | 365 days | Advanced Chart

HRTG Stock News Headlines

April 5, 2024 | insidertrades.com

Heritage Insurance Holdings, Inc. (NYSE:HRTG) Director Nicholas George Pappas Sells 1,000 Shares

March 19, 2024 | insidertrades.com

Heritage Insurance Holdings, Inc. (NYSE:HRTG) Director Paul L. Whiting Purchases 20,000 Shares

April 18, 2024 | InvestorPlace (Ad)

Forget Nvidia, buy this A.I. Stock Now

April 16, 2024 | americanbankingnews.com

Heritage Insurance's (HRTG) Market Perform Rating Reaffirmed at JMP Securities

April 10, 2024 | investing.com

Heritage Insurance Holdings Inc (HRTG)

April 7, 2024 | americanbankingnews.com

Insider Selling: Heritage Insurance Holdings, Inc. (NYSE:HRTG) Director Sells $10,870.00 in Stock

April 6, 2024 | investing.com

Heritage Insurance director sells shares worth over $54,000

March 24, 2024 | finance.yahoo.com

Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) large institutional owners must be happy as stock continues to impress, up 26% over the past week

April 18, 2024 | InvestorPlace (Ad)

Forget Nvidia, buy this A.I. Stock Now

March 20, 2024 | prnewswire.com

Heritage Insurance Holdings Announces Share Repurchase Program

March 20, 2024 | axios.com

Heritage Provider Network courts PE for $7B-plus deal

March 15, 2024 | investing.com

Earnings call: Heritage Insurance reports strong Q4 results

March 13, 2024 | finance.yahoo.com

Heritage Insurance Holdings, Inc. (NYSE:HRTG) Q4 2023 Earnings Call Transcript

March 13, 2024 | finance.yahoo.com

Q4 2023 Heritage Insurance Holdings Inc Earnings Call

March 12, 2024 | finanznachrichten.de

Heritage Insurance Holdings, Inc.: Heritage Reports Fourth Quarter 2023 Results

March 11, 2024 | benzinga.com

Recap: Heritage Insurance Hldgs Q4 Earnings

March 11, 2024 | sfgate.com

Heritage Insurance: Q4 Earnings Snapshot

March 11, 2024 | msn.com

Heritage Insurance GAAP EPS of $1.15 beats by $0.70, revenue of $187M beats by $1.89M

March 11, 2024 | finance.yahoo.com

Heritage Insurance Holdings Inc Reports Robust Q4 2023 Results with Net Income Soaring 147.5%

March 11, 2024 | prnewswire.com

Heritage Reports Fourth Quarter 2023 Results

March 10, 2024 | msn.com

Heritage Insurance Q4 2023 Earnings Preview

March 10, 2024 | markets.businessinsider.com

Heritage Insurance is about to announce its earnings — here's what Wall Street expects

February 22, 2024 | morningstar.com

Heritage Insurance Holdings Inc

February 8, 2024 | finance.yahoo.com

Heritage Announces Fourth Quarter and Full Year 2023 Earnings Dates

February 5, 2024 | finance.yahoo.com

Despite Large Gain, Heritage Insurance Is Still Undervalued

February 2, 2024 | barrons.com

Heritage Insurance Holdings Inc.

January 12, 2024 | bizjournals.com

Heritage Insurance execs take salary cuts in shift to performance-based pay

See More Headlines

Receive HRTG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Heritage Insurance and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings: 3/11/2024
Today: 4/17/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Fire, marine, & casualty insurance
Sub-Industry: N/A
Current Symbol: NYSE:HRTG
CUSIP: N/A
CIK: 1598665
Web: www.heritagepci.com
Phone: (727) 362-7202
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: -2.9%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.72
Trailing P/E Ratio: 5.39
Forward P/E Ratio: 6.10
P/E Growth: N/A
Net Income: $45.31 million
Net Margins: 6.16%
Pretax Margin: 7.07%
Return on Equity: 26.69%
Return on Assets: 2.03%

Debt

Debt-to-Equity Ratio: 0.54
Current Ratio: 0.77
Quick Ratio: 0.77

Sales & Book Value

Annual Sales: $735.50 million
Price / Sales: 0.38
Cash Flow: $1.32 per share
Price / Cash Flow: 7.04
Book Value: $5.65 per share
Price / Book: 1.64

Miscellaneous

Outstanding Shares: 30,220,000
Free Float: 26,623,000
Market Cap: $280.14 million
Optionable: Optionable
Beta: 0.90

Social Links

Metaverse Stocks And Why You Can't Ignore Them

Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

HRTG Stock Analysis - Frequently Asked Questions

Should I buy or sell Heritage Insurance stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Heritage Insurance in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 twelve-month price objectives for Heritage Insurance's shares. Their HRTG share price targets range from $7.00 to $11.00. On average, they anticipate the company's share price to reach $9.00 in the next year. This suggests that the stock has a possible downside of 2.9%.
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 at the start of the year. Since then, HRTG shares have increased by 42.2% and is now trading at $9.27.
View the best growth stocks for 2024 here.
Are investors shorting Heritage Insurance?: Heritage Insurance saw a increase in short interest in March. As of March 31st, there was short interest totaling 779,200 shares, an increase of 70.1% from the March 15th total of 458,100 shares. Based on an average daily trading volume, of 413,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 3.5% of the shares of the stock are sold short.
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 Thursday, May 2nd 2024.
View our HRTG earnings forecast.
How were Heritage Insurance's earnings last quarter?: Heritage Insurance Holdings, Inc. (NYSE:HRTG) issued its earnings results on Monday, March, 11th. The insurance provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.70. The insurance provider had revenue of $186.97 million for the quarter, compared to the consensus estimate of $185.11 million. Heritage Insurance had a trailing twelve-month return on equity of 26.69% and a net margin of 6.16%.
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).
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 4/18/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Heritage Insurance (HRTG) Stock Price, News & Analysis

Heritage Insurance MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Heritage Insurance Stock (NYSE:HRTG)

HRTG Stock Price History

HRTG Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

HRTG Stock Analysis - Frequently Asked Questions

Overall MarketRank^™