HRTG Stock Overview
Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products.
Heritage Insurance Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$2.39|
|52 Week High||US$7.37|
|52 Week Low||US$2.08|
|1 Month Change||-13.41%|
|3 Month Change||-9.47%|
|1 Year Change||-64.70%|
|3 Year Change||-82.97%|
|5 Year Change||-82.99%|
|Change since IPO||-79.22%|
Recent News & Updates
Heritage Insurance GAAP EPS of -$3.32 misses by $3.34, revenue of $163.77M beats by $4.78M
Heritage Insurance press release (NYSE:HRTG): Q2 GAAP EPS of -$3.32 misses by $3.34. Revenue of $163.77M (+9.0% Y/Y) beats by $4.78M.
|HRTG||US Insurance||US Market|
Return vs Industry: HRTG underperformed the US Insurance industry which returned -3.6% over the past year.
Return vs Market: HRTG underperformed the US Market which returned -22.1% over the past year.
|HRTG Average Weekly Movement||15.8%|
|Insurance Industry Average Movement||4.3%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.8%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: HRTG is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 16% a week.
Volatility Over Time: HRTG's weekly volatility has increased from 10% to 16% over the past year.
About the Company
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, and emergency and recovery services; and property management, and reinsurance services.
Heritage Insurance Holdings Fundamentals Summary
|HRTG fundamental statistics|
Is HRTG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HRTG income statement (TTM)|
|Cost of Revenue||US$619.59m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-7.14|
|Net Profit Margin||-28.07%|
How did HRTG perform over the long term?See historical performance and comparison
10.0%Current Dividend Yield
Is HRTG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for HRTG?
Other financial metrics that can be useful for relative valuation.
|What is HRTG's n/a Ratio?|
Price to Book Ratio vs Peers
How does HRTG's PB Ratio compare to its peers?
|HRTG PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
KINS Kingstone Companies
ICCH ICC Holdings
PPHI Positive Physicians Holdings
UIHC United Insurance Holdings
HRTG Heritage Insurance Holdings
Price-To-Book vs Peers: HRTG is good value based on its Price-To-Book Ratio (0.3x) compared to the peer average (0.5x).
Price to Earnings Ratio vs Industry
How does HRTG's PE Ratio compare vs other companies in the US Insurance Industry?
Price-To-Book vs Industry: HRTG is good value based on its Price-To-Book Ratio (0.3x) compared to the US Insurance industry average (1x)
Price to Book Ratio vs Fair Ratio
What is HRTG's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PB Ratio||0.3x|
|Fair PB Ratio||n/a|
Price-To-Book vs Fair Ratio: Insufficient data to calculate HRTG's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of HRTG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate HRTG's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate HRTG's fair value for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is Heritage Insurance Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HRTG is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: HRTG is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: HRTG is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: HRTG's revenue (3% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: HRTG's revenue (3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if HRTG's Return on Equity is forecast to be high in 3 years time
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How has Heritage Insurance Holdings performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HRTG is currently unprofitable.
Growing Profit Margin: HRTG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HRTG is unprofitable, and losses have increased over the past 5 years at a rate of 66.8% per year.
Accelerating Growth: Unable to compare HRTG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HRTG is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (-22.8%).
Return on Equity
High ROE: HRTG has a negative Return on Equity (-102.05%), as it is currently unprofitable.
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How is Heritage Insurance Holdings's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: HRTG's short term assets ($1.2B) do not cover its short term liabilities ($1.7B).
Long Term Liabilities: HRTG's short term assets ($1.2B) exceed its long term liabilities ($152.7M).
Debt to Equity History and Analysis
Debt Level: HRTG has more cash than its total debt.
Reducing Debt: HRTG's debt to equity ratio has increased from 20.4% to 68.1% over the past 5 years.
Debt Coverage: HRTG's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if HRTG's interest payments on its debt are well covered by EBIT.
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What is Heritage Insurance Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Heritage Insurance Holdings Dividend Yield vs Market|
|Company (Heritage Insurance Holdings)||10.0%|
|Market Bottom 25% (US)||1.6%|
|Market Top 25% (US)||4.6%|
|Industry Average (Insurance)||2.5%|
|Analyst forecast in 3 Years (Heritage Insurance Holdings)||n/a|
Notable Dividend: HRTG's dividend (10.04%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: HRTG's dividend (10.04%) is in the top 25% of dividend payers in the US market (4.69%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, HRTG has been paying a dividend for less than 10 years.
Growing Dividend: HRTG's dividend payments have increased, but the company has only paid a dividend for 7 years.
Earnings Payout to Shareholders
Earnings Coverage: HRTG is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: HRTG is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ernie Garateix (50 yo)
Mr. Ernesto Jose Garateix, also known as Ernie, CPCU, had been the Chief Operating Officer at Heritage Insurance Holdings, Inc. since December 22, 2014 and served as its Executive Vice President since Augu...
CEO Compensation Analysis
|Ernie Garateix's Compensation vs Heritage Insurance Holdings Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$3m||US$1m|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$2m||US$1m|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||US$1m||US$900k|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||US$1m||US$900k|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||US$1m||US$773k|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||US$1m||US$750k|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||n/a||n/a|
|Dec 31 2015||US$3m||US$325k|
Compensation vs Market: Ernie's total compensation ($USD3.01M) is above average for companies of similar size in the US market ($USD784.47K).
Compensation vs Earnings: Ernie's compensation has increased whilst the company is unprofitable.
Experienced Management: HRTG's management team is seasoned and experienced (5.5 years average tenure).
Experienced Board: HRTG's board of directors are considered experienced (8.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HRTG insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|30 Jun 22||BuyUS$26,100||Kirk Lusk||Individual||10,000||US$2.61|
|30 Jun 22||BuyUS$26,300||Richard Widdicombe||Individual||10,000||US$2.63|
|30 Jun 22||BuyUS$26,900||Ernesto Garateix||Individual||10,000||US$2.69|
|10 May 22||BuyUS$10,007||Ernesto Garateix||Individual||3,125||US$3.20|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Heritage Insurance Holdings, Inc.'s employee growth, exchange listings and data sources
- Name: Heritage Insurance Holdings, Inc.
- Ticker: HRTG
- Exchange: NYSE
- Founded: 2012
- Industry: Property and Casualty Insurance
- Sector: Insurance
- Implied Market Cap: US$61.701m
- Shares outstanding: 25.82m
- Website: https://investors.heritagepci.com
Number of Employees
- Heritage Insurance Holdings, Inc.
- 1401 North Westshore Boulevard
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HRTG||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||May 2014|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/28 00:00|
|End of Day Share Price||2022/09/28 00:00|
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 here.