Heritage Insurance Holdings, Inc.

NYSE:HRTG Stock Report

Market Cap: US$353.7m

Heritage Insurance Holdings Past Earnings Performance

Past criteria checks 5/6

Heritage Insurance Holdings's earnings have been declining at an average annual rate of -3.6%, while the Insurance industry saw earnings growing at 12.6% annually. Revenues have been growing at an average rate of 8.4% per year. Heritage Insurance Holdings's return on equity is 25.8%, and it has net margins of 9.1%.

Key information

-3.6%

Earnings growth rate

-4.1%

EPS growth rate

Insurance Industry Growth8.0%
Revenue growth rate8.4%
Return on equity25.8%
Net Margin9.1%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Heritage Insurance: Potential For Above-Average Stock Gains In 2025

Dec 02

Results: Heritage Insurance Holdings, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates

Nov 09
Results: Heritage Insurance Holdings, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates

Heritage Insurance: Float Based Analysis

Oct 30

Market Cool On Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) Revenues Pushing Shares 36% Lower

Oct 23
Market Cool On Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) Revenues Pushing Shares 36% Lower

Heritage Insurance: The 24 Hours That Changed Everything

Sep 30

A Piece Of The Puzzle Missing From Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) 102% Share Price Climb

Aug 28
A Piece Of The Puzzle Missing From Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) 102% Share Price Climb

Heritage Insurance: Riding The Wave Of Florida's Reformed Insurance Market

Aug 27

Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) Subdued P/S Might Signal An Opportunity

Jul 14
Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) Subdued P/S Might Signal An Opportunity

Heritage Insurance: How The Stock Looks After Q1 2024 Earnings

May 13

A Piece Of The Puzzle Missing From Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) 56% Share Price Climb

Mar 21
A Piece Of The Puzzle Missing From Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) 56% Share Price Climb

Earnings Beat: Heritage Insurance Holdings, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Mar 14
Earnings Beat: Heritage Insurance Holdings, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Heritage Insurance: An Unjustified Premium

Jan 18

Heritage Insurance Is My Best Value Idea

Oct 26

Heritage Insurance announces $10M stock buyback plan

Jan 17

Heritage Insurance sees $40M in net retained losses from Hurricane Ian

Oct 13

Heritage Insurance GAAP EPS of -$3.32 misses by $3.34, revenue of $163.77M beats by $4.78M

Aug 04

Revenue & Expenses Breakdown

How Heritage Insurance Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:HRTG Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2479472810
30 Jun 2476857810
31 Mar 2475046780
31 Dec 2373545780
30 Sep 2372327760
30 Jun 23702-14720
31 Mar 23681-110700
31 Dec 22662-154700
30 Sep 22655-216680
30 Jun 22656-184680
31 Mar 22643-100660
31 Dec 21632-75660
30 Sep 21624-23740
30 Jun 21622-12750
31 Mar 21608-3800
31 Dec 205939820
30 Sep 2057219820
30 Jun 2053933850
31 Mar 2052629840
31 Dec 1951129810
30 Sep 1949820750
30 Jun 1949118790
31 Mar 1948619850
31 Dec 1848027890
30 Sep 1846418950
30 Jun 184403850
31 Mar 184198760
31 Dec 17407-1720
30 Sep 174011630
30 Jun 1740821620
31 Mar 1742732620
31 Dec 1643934590
30 Sep 1643757570
30 Jun 1641763530
31 Mar 1640170490
31 Dec 1539593460
30 Sep 1537992470
30 Jun 1534885440
31 Mar 1529569380
31 Dec 1423447330
30 Sep 1418228320
30 Jun 1414624280
31 Mar 1414835280
31 Dec 1312534250

Quality Earnings: HRTG has high quality earnings.

Growing Profit Margin: HRTG's current net profit margins (9.1%) are higher than last year (3.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: HRTG's earnings have declined by 3.6% per year over the past 5 years.

Accelerating Growth: HRTG's earnings growth over the past year (168.7%) exceeds its 5-year average (-3.6% per year).

Earnings vs Industry: HRTG earnings growth over the past year (168.7%) exceeded the Insurance industry 36.4%.

Return on Equity

High ROE: HRTG's Return on Equity (25.8%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/18 14:41
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

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.

AnalystInstitution
Matthew CarlettiJMP Securities
Christopher CampbellKeefe, Bruyette, & Woods
Jon Paul NewsomePiper Sandler Companies