Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products. More Details
Very undervalued with excellent balance sheet.
Share Price & News
How has Heritage Insurance Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HRTG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: HRTG's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: HRTG underperformed the US Insurance industry which returned -5.2% over the past year.
Return vs Market: HRTG underperformed the US Market which returned 24.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Heritage Insurance Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWhat Kind Of Shareholders Hold The Majority In Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) Shares?
3 months ago | Simply Wall StWhat Type Of Shareholders Make Up Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) Share Registry?
6 months ago | Simply Wall StDoes Heritage Insurance Holdings' (NYSE:HRTG) CEO Salary Compare Well With The Performance Of The Company?
Is Heritage Insurance Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HRTG ($9.67) is trading below our estimate of fair value ($26.14)
Significantly Below Fair Value: HRTG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HRTG is good value based on its PE Ratio (14.1x) compared to the US Insurance industry average (14.4x).
PE vs Market: HRTG is good value based on its PE Ratio (14.1x) compared to the US market (21.2x).
Price to Earnings Growth Ratio
PEG Ratio: HRTG is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: HRTG is good value based on its PB Ratio (0.6x) compared to the US Insurance industry average (1x).
How is Heritage Insurance Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HRTG's forecast earnings growth (57.7% per year) is above the savings rate (2%).
Earnings vs Market: HRTG's earnings (57.7% per year) are forecast to grow faster than the US market (21.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HRTG's revenue (4.7% per year) is forecast to grow slower than the US market (10.6% per year).
High Growth Revenue: HRTG's revenue (4.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HRTG's Return on Equity is forecast to be low in 3 years time (9.6%).
How has Heritage Insurance Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HRTG has high quality earnings.
Growing Profit Margin: HRTG's current net profit margins (3.4%) are lower than last year (4%).
Past Earnings Growth Analysis
Earnings Trend: HRTG's earnings have declined by 33.8% per year over the past 5 years.
Accelerating Growth: HRTG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HRTG had negative earnings growth (-2.5%) over the past year, making it difficult to compare to the Insurance industry average (5.9%).
Return on Equity
High ROE: HRTG's Return on Equity (4.4%) is considered low.
How is Heritage Insurance Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: HRTG's short term assets ($1.3B) exceed its short term liabilities ($898.8M).
Long Term Liabilities: HRTG's short term assets ($1.3B) exceed its long term liabilities ($806.4M).
Debt to Equity History and Analysis
Debt Level: HRTG's debt to equity ratio (27.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if HRTG's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: HRTG's debt is well covered by operating cash flow (99.6%).
Interest Coverage: HRTG's interest payments on its debt are well covered by EBIT (4.6x coverage).
What is Heritage Insurance Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HRTG's dividend (2.48%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: HRTG's dividend (2.48%) is low compared to the top 25% of dividend payers in the US market (3.87%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, HRTG has been paying a dividend for less than 10 years.
Growing Dividend: HRTG's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35.1%), HRTG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ernie Garateix (48 yo)
Mr. Ernesto Jose Garateix, also known as Ernie, CPCU has been the Chief Operating Officer at Heritage Insurance Holdings, Inc. since December 22, 2014 and served as its Executive Vice President since Augus...
CEO Compensation Analysis
Compensation vs Market: Ernie's total compensation ($USD1.42M) is above average for companies of similar size in the US market ($USD992.69K).
Compensation vs Earnings: Ernie's compensation has been consistent with company performance over the past year.
|CEO, COO & Director||0.17yr||US$1.42m||0.64% |
|Chief Financial Officer||2.75yrs||US$917.13k||0.41% |
|President of Narragansett Bay Insurance Company||3yrs||US$920.60k||0.21% |
|Chief Accounting Officer||4.67yrs||no data||no data|
|Vice President of Compliance||6.67yrs||no data||no data|
|Executive Vice President of Commercial||no data||no data||no data|
|Executive Vice President||1.92yrs||no data||no data|
|President of Commercial Division||6.92yrs||no data||no data|
|President of Zephyr||no data||no data||no data|
Experienced Management: HRTG's management team is considered experienced (3 years average tenure).
|CEO, COO & Director||0.17yr||US$1.42m||0.64% |
|Independent Director||8.42yrs||US$150.00k||0.58% |
|Independent Director||6.75yrs||US$150.00k||0.56% |
|Independent Director||6.75yrs||US$150.00k||0.23% |
|Independent Director||6.75yrs||US$150.00k||0.10% |
|Independent Director||8.42yrs||US$150.00k||1.21% |
|Independent Director||6.42yrs||US$150.00k||0.20% |
Experienced Board: HRTG's board of directors are considered experienced (6.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Heritage Insurance Holdings, Inc.'s company bio, 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
- Market Cap: US$274.840m
- Shares outstanding: 27.73m
- Website: https://www.heritagepci.com
Number of Employees
- Heritage Insurance Holdings, Inc.
- 2600 McCormick Drive
- Suite 300
- 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|
Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential property insurance for single-family ho...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/27 23:59|
|End of Day Share Price||2021/01/27 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.