Heritage Insurance Holdings (HRTG) Stock Overview
Through its subsidiaries, provides personal and commercial residential insurance products. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 6/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
HRTG Community Fair Values
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Analyst Price Targets
Heritage Insurance Holdings, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$27.43 |
| 52 Week High | US$31.98 |
| 52 Week Low | US$16.83 |
| Beta | 0.88 |
| 1 Month Change | 23.78% |
| 3 Month Change | 3.28% |
| 1 Year Change | 18.44% |
| 3 Year Change | 562.56% |
| 5 Year Change | 221.19% |
| Change since IPO | 138.52% |
Recent News & Updates
Narrative Update • Jun 26
HRTG: Share Repurchases And Lower Loss Assumptions Will Support Future EPS
Analysts have reduced their price target on Heritage Insurance Holdings by $5.00 to reflect updated assumptions for fair value, discount rate, revenue growth, profit margins, and future P/E multiples discussed in recent research. What's in the News for Heritage Insurance Holdings Heritage Insurance Holdings, Inc.Seeking Alpha • Jun 04
Heritage Insurance: An Undervaluation Opportunity, As Price Dipped After Q1 Results
Summary Heritage Insurance Holdings is rated a buy, driven by strong top-line growth, resilient margins, and a conservative balance sheet despite technical headwinds. HRTG's five-year revenue growth, robust ROE, and geographic/product diversification support its competitive positioning in the P&C insurance sector. Margin recovery and improved combined ratio are offset by anticipated FY26 earnings headwinds from retained storm losses and consensus EPS decline. Valuation remains attractive with a forward P/E of 4.91x and a projected 6% upside by Dec. 2027, positioning HRTG as an undervalued growth opportunity. Read the full article on Seeking Alpha
New Narrative • May 26
Reinsurance Tailwinds And AI Efficiencies Will Support Stronger Margins And Earnings Stability
Catalysts About Heritage Insurance Holdings Heritage Insurance Holdings provides property insurance products, including personal and commercial residential coverage, across multiple U.S. states. What are the underlying business or industry changes driving this perspective?
New Narrative • May 11
Catastrophe Exposure And Rising Costs Will Pressure Results Before Conditions Gradually Stabilize
Catalysts About Heritage Insurance Holdings Heritage Insurance Holdings is a property and casualty insurer focused on residential and commercial residential policies across multiple US states. What are the underlying business or industry changes driving this perspective?Recent updates
Narrative Update • Jun 26
HRTG: Share Repurchases And Lower Loss Assumptions Will Support Future EPS
Analysts have reduced their price target on Heritage Insurance Holdings by $5.00 to reflect updated assumptions for fair value, discount rate, revenue growth, profit margins, and future P/E multiples discussed in recent research. What's in the News for Heritage Insurance Holdings Heritage Insurance Holdings, Inc.Seeking Alpha • Jun 04
Heritage Insurance: An Undervaluation Opportunity, As Price Dipped After Q1 Results
Summary Heritage Insurance Holdings is rated a buy, driven by strong top-line growth, resilient margins, and a conservative balance sheet despite technical headwinds. HRTG's five-year revenue growth, robust ROE, and geographic/product diversification support its competitive positioning in the P&C insurance sector. Margin recovery and improved combined ratio are offset by anticipated FY26 earnings headwinds from retained storm losses and consensus EPS decline. Valuation remains attractive with a forward P/E of 4.91x and a projected 6% upside by Dec. 2027, positioning HRTG as an undervalued growth opportunity. Read the full article on Seeking AlphaNew Narrative • May 26
Reinsurance Tailwinds And AI Efficiencies Will Support Stronger Margins And Earnings Stability
Catalysts About Heritage Insurance Holdings Heritage Insurance Holdings provides property insurance products, including personal and commercial residential coverage, across multiple U.S. states. What are the underlying business or industry changes driving this perspective?New Narrative • May 11
Catastrophe Exposure And Rising Costs Will Pressure Results Before Conditions Gradually Stabilize
Catalysts About Heritage Insurance Holdings Heritage Insurance Holdings is a property and casualty insurer focused on residential and commercial residential policies across multiple US states. What are the underlying business or industry changes driving this perspective?Analysis Article • May 11
Earnings Miss: Heritage Insurance Holdings, Inc. Missed EPS By 21% And Analysts Are Revising Their Forecasts
Shareholders in Heritage Insurance Holdings, Inc. ( NYSE:HRTG ) had a terrible week, as shares crashed 21% to US$22.41...Narrative Update • May 05
HRTG: Lower Attritional Loss Assumptions Will Drive Higher Future EPS
Analysts have lifted their price target on Heritage Insurance Holdings to $39 from $37, citing updated earnings expectations based on lower assumed attritional losses as the key driver behind the change. Analyst Commentary Bullish Takeaways Bullish analysts see the higher price target of $39 as consistent with updated earnings expectations, which now assume lower attritional losses feeding through to the bottom line.Narrative Update • Apr 20
HRTG: Lower Attritional Loss Expectations Will Support Future Earnings Upside
Analysts have raised their price target on Heritage Insurance Holdings to $39 from $37, citing updated EPS expectations of $5.00 this year due to lower assumed attritional losses. Analyst Commentary Bullish Takeaways Bullish analysts view the higher price target of $39, compared with the prior $37 level, as reflecting improved earnings power based on current assumptions.Narrative Update • Apr 06
HRTG: Lower Attritional Loss Assumptions Will Support Future Upside Potential
Analysts have raised their price target for Heritage Insurance Holdings to $39 from $37, citing updated earnings expectations that reflect lower assumed attritional losses and support a slightly higher valuation outlook. Analyst Commentary Bullish Takeaways Bullish analysts see the higher price target of $39 as consistent with updated earnings expectations, which they view as supportive of a richer valuation multiple.Narrative Update • Mar 22
HRTG: Future Upside Will Be Driven By Lower Attritional Loss Assumptions
Heritage Insurance Holdings' analyst price target has increased from $35.50 to $36.50, as analysts factor in lower assumed attritional losses, which contribute to higher EPS expectations and a slightly higher future P/E. Analyst Commentary Recent research commentary centers on adjusted expectations for Heritage Insurance Holdings' earnings and how those expectations feed into valuation views.Narrative Update • Mar 07
HRTG: Future Upside Will Be Supported By A Slightly Higher Earnings Multiple
Narrative Update on Heritage Insurance Holdings Analysts have kept their $35.50 price target unchanged for Heritage Insurance Holdings, citing steady fair value estimates along with slightly adjusted assumptions for profit margin and future P/E as the main factors behind the reaffirmed view. Valuation Changes Fair Value: The estimated fair value remains unchanged at $35.50, indicating no revision to the overall valuation anchor.Narrative Update • Feb 21
HRTG: Future Upside Will Be Supported By A Lower Earnings Multiple
Analysts have trimmed their price target for Heritage Insurance Holdings to reflect a lower future P/E assumption of 8.73, while keeping fair value at $35.50 as they reassess how much they are willing to pay for the company’s earnings. Valuation Changes Fair Value: Held steady at $35.50, indicating no change in the analysts' central value estimate for the shares.Narrative Update • Feb 07
HRTG: Future Upside Will Be Supported By Stable Fair Value Assumptions
Analysts have kept their price target for Heritage Insurance Holdings steady at US$35.50, citing largely unchanged fair value assumptions, discount rate, revenue growth outlook, profit margin expectations and future P/E estimates. Valuation Changes Fair Value: Fair value per share remains unchanged at US$35.50, indicating no revision to the core valuation estimate.Narrative Update • Jan 23
HRTG: Future Upside Will Be Driven By Expanded Share Repurchase Program
Narrative Update on Heritage Insurance Holdings Analysts have kept their price target for Heritage Insurance Holdings broadly in line with prior estimates, with a fair value of about $35.50 unchanged. This reflects largely steady assumptions around discount rate, revenue growth, profit margin, and future P/E.Narrative Update • Jan 09
HRTG: Future Upside Will Be Driven By Ongoing Share Repurchases
Analysts have kept their price target for Heritage Insurance Holdings steady at US$35.50, citing essentially unchanged fair value estimates, discount rate, revenue growth, profit margin, and forward P/E assumptions in their latest update. What's in the News From July 1, 2025 to September 30, 2025, Heritage Insurance Holdings repurchased 85,135 shares, representing 0.29% of shares, for US$1.77 million under the buyback announced on December 9, 2024.Narrative Update • Dec 26
HRTG: Future Upside Will Be Driven By New Share Repurchase Program
Analysts have modestly reaffirmed their stance on Heritage Insurance Holdings, maintaining their price target at approximately 35.50 dollars, as the discount rate, revenue growth, profit margin, and future P/E assumptions remain effectively unchanged. What's in the News Heritage Insurance Holdings completed a previously announced buyback, repurchasing 85,135 shares, or about 0.29% of outstanding stock, for 1.77 million dollars under the December 9, 2024 authorization (Key Developments).Narrative Update • Dec 12
HRTG: Lower Reinsurance Costs Are Expected To Drive Future Upside
Analysts raised their price target on Heritage Insurance Holdings to $35.00 from $30.00, citing improved visibility into lower reinsurance costs and the potential for more active capital management as key drivers of upside. Analyst Commentary Recent commentary from bullish analysts highlights a constructive view on Heritage Insurance Holdings' earnings power and balance sheet flexibility, which is driving higher valuation targets.Narrative Update • Nov 27
HRTG: Lower Reinsurance Costs And Capital Actions Will Drive Future Gains
Analysts have raised their price target for Heritage Insurance Holdings from $30 to $35 per share, citing improved visibility for lower reinsurance costs as well as increased confidence in the company's capital management prospects. Analyst Commentary Recent updates from bullish analysts reflect growing confidence in Heritage Insurance Holdings’ strategic direction and financial outlook.Analysis Article • Nov 16
Improved Earnings Required Before Heritage Insurance Holdings, Inc. (NYSE:HRTG) Stock's 36% Jump Looks Justified
Heritage Insurance Holdings, Inc. ( NYSE:HRTG ) shares have continued their recent momentum with a 36% gain in the last...Narrative Update • Nov 07
HRTG: Improved Clarity On Reinsurance Costs Will Support Future Upside
The analyst price target for Heritage Insurance Holdings has increased from $31.50 to $35.50. Analysts cite greater clarity on lower reinsurance costs and expectations for enhanced capital management initiatives to support the higher valuation.Analysis Article • Oct 21
Do Heritage Insurance Holdings' (NYSE:HRTG) Earnings Warrant Your Attention?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Narrative Update • Sep 20
Digital Investments And New Markets Will Spur Rebound Despite Risks
Heritage Insurance Holdings’ consensus price target has been raised to $31.50, driven by visibility on lower reinsurance costs, prospects for enhanced capital management, and improved operational efficiency. Analyst Commentary Increased visibility for lower reinsurance costs improving overall cost structure.Analysis Article • Sep 06
Further Upside For Heritage Insurance Holdings, Inc. (NYSE:HRTG) Shares Could Introduce Price Risks After 27% Bounce
Heritage Insurance Holdings, Inc. ( NYSE:HRTG ) shareholders are no doubt pleased to see that the share price has...Analysis Article • May 28
The Market Lifts Heritage Insurance Holdings, Inc. (NYSE:HRTG) Shares 28% But It Can Do More
Heritage Insurance Holdings, Inc. ( NYSE:HRTG ) shares have continued their recent momentum with a 28% gain in the last...Analysis Article • May 02
Should You Be Adding Heritage Insurance Holdings (NYSE:HRTG) To Your Watchlist Today?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Apr 08
Even With A 26% Surge, Cautious Investors Are Not Rewarding Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) Performance Completely
Heritage Insurance Holdings, Inc. ( NYSE:HRTG ) shareholders have had their patience rewarded with a 26% share price...Seeking Alpha • Mar 31
Heritage Insurance: Insider Buying, Strong Growth, And Low Valuation
Summary Heritage Insurance Holdings is an attractive investment due to its low valuation combined with its strong growth potential. The company's positive Q4 earnings results provide insights into its potential performance in 2025. Key insiders recently bought shares, demonstrating confidence in the business. Strong growth is expected in 2025 as HRTG's strategies materialize. Read the full article on Seeking AlphaSeeking Alpha • Mar 14
Despite Setbacks, Heritage Insurance's Growth Story Remains Intact
Summary Heritage Insurance Holdings, Inc. shows strong financial performance in 2024, with Q4 net income of $20.3 million and full-year net income rising to $61.5 million. Revenue increased by 12.5% year-over-year to $210.26 million, driven by a 6.1% rise in gross premiums earned and a 13% increase in commercial residential premiums in-force. The company strengthened its balance sheet, with tangible book value per share up 30% to $9.50 and shareholder equity increasing to $290.8 million. Despite a Category 3 storm impacting stock prices, Heritage's strategic focus on commercial residential policies and investment income growth positions it for potential upside. Read the full article on Seeking AlphaAnalysis Article • Feb 22
Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) Prospects Need A Boost To Lift Shares
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 19x, you may...Seeking Alpha • Dec 02
Heritage Insurance: Potential For Above-Average Stock Gains In 2025
Summary Heritage Insurance Holdings has seen a 126% stock increase over the past year due to mostly positive earnings reports. Initially identified as undervalued, Heritage's strategic growth initiatives have driven significant stock gains. Continued positive performance and earnings reports justify a favorable rating for Heritage Insurance Holdings. Heritage's undervaluation and growth strategies remain key factors supporting its potential for further above-average stock appreciation. Read the full article on Seeking AlphaAnalysis Article • Nov 09
Results: Heritage Insurance Holdings, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
It's been a pretty great week for Heritage Insurance Holdings, Inc. ( NYSE:HRTG ) shareholders, with its shares surging...Seeking Alpha • Oct 30
Heritage Insurance: Float Based Analysis
Summary Recently, HRTG has experienced corrections due to the storm season and unfavorable news coverage. My analysis of its intrinsic value emphasizes long-term fundamentals and its float. The float, money held by HRTG but not owned, has shown steady growth, indicating value creation through the income generated from investing that float. When considering only the float as the source of value, HRTG trades at a discount. Additional upside could come from its earning potential in underwriting and fee income. Read the full article on Seeking AlphaAnalysis Article • Oct 23
Market Cool On Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) Revenues Pushing Shares 36% Lower
The Heritage Insurance Holdings, Inc. ( NYSE:HRTG ) share price has softened a substantial 36% over the previous 30...Seeking Alpha • Sep 30
Heritage Insurance: The 24 Hours That Changed Everything
Summary Moody's forecasted an active 2024 hurricane season, but early inactivity led to premature optimism, boosting Heritage Insurance Holdings, Inc. shares, which, I believe, is temporary. Heritage Insurance Holdings' growth stems from acquiring high-risk policies from Florida's Citizens and through acquisitions, not organic success, leading to mediocre long-term performance. Despite political changes favoring insurers, HRTG's aggressive premium hikes and high-risk focus, especially in Florida, pose significant financial risks. Reinsurance mitigates but doesn't eliminate HRTG's risk of losses; I recommend a sell rating due to the outweighing risks. Read the full article on Seeking AlphaAnalysis Article • Aug 28
A Piece Of The Puzzle Missing From Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) 102% Share Price Climb
Heritage Insurance Holdings, Inc. ( NYSE:HRTG ) shareholders have had their patience rewarded with a 102% share price...Seeking Alpha • Aug 27
Heritage Insurance: Riding The Wave Of Florida's Reformed Insurance Market
Summary Heritage Insurance Holdings, Inc. is a speculative stock with recent positive catalysts, including a 100% price increase in the past month. The company offers various insurance products and services, focusing on Florida, and recently announced a 3.3% rate drop for Florida homeowners insurance. Wall Street ratings lean towards “Buy,” but price targets suggest a potential -20% downside, creating mixed signals for investors. Seeking Alpha’s Factor grades are positive, showing consistent quarterly improvements, indicating strong long-term fundamentals despite short-term volatility. Read the full article on Seeking Alpha
New Narrative • Aug 21
Insurance's Tactical Pivot Amid Challenges Eyes Profitability And Market Resilience
Focusing primarily on commercial and E&S products for growth may limit Heritage Insurance's market penetration and diversification in personal lines.Shareholder Returns
| HRTG | US Insurance | US Market | |
|---|---|---|---|
| 7D | 4.3% | 4.9% | 1.6% |
| 1Y | 18.4% | 3.8% | 18.6% |
Return vs Industry: HRTG exceeded the US Insurance industry which returned 3.8% over the past year.
Return vs Market: HRTG matched the US Market which returned 18.6% over the past year.
Price Volatility
| HRTG volatility | |
|---|---|
| HRTG Average Weekly Movement | 7.9% |
| Insurance Industry Average Movement | 4.3% |
| Market Average Movement | 7.3% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: HRTG has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: HRTG's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2012 | 542 | Ernie Garateix | www.heritagepci.com |
Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products. It 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; and commercial residential property insurance in Florida, Hawaii, New Jersey, and New York. The company also provides homeowners insurance, condo insurance, dwelling fire, equipment coverage, and artisan contractor program. It offers insurance products through a network of independent agents.
Heritage Insurance Holdings, Inc. Fundamentals Summary
| HRTG fundamental statistics | |
|---|---|
| Market cap | US$800.07m |
| Earnings (TTM) | US$201.60m |
| Revenue (TTM) | US$848.47m |
4.0x
P/E Ratio1.0x
P/S RatioIs HRTG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HRTG income statement (TTM) | |
|---|---|
| Revenue | US$848.47m |
| Cost of Revenue | US$478.92m |
| Gross Profit | US$369.55m |
| Other Expenses | US$167.95m |
| Earnings | US$201.60m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 6.83 |
| Gross Margin | 43.56% |
| Net Profit Margin | 23.76% |
| Debt/Equity Ratio | 14.9% |
How did HRTG perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/06 21:40 |
| End of Day Share Price | 2026/07/06 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Heritage Insurance Holdings, Inc. is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Matthew Carletti | Citizens JMP Securities, LLC |
| Karol Chmiel | Citizens JMP Securities, LLC |
| Jon Paul Newsome | Piper Sandler Companies |