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Heritage Insurance Hldgs Inc (HRTG)

Upturn stock ratingUpturn stock rating
$23.05
Last Close (24-hour delay)
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PASS
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Upturn Advisory Summary

07/03/2025: HRTG (4-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Above Average Performance

These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.

Number of Analysts

rating

3 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $29

1 Year Target Price $29

Analysts Price Target For last 52 week
$29 Target price
52w Low $6.28
Current$23.05
52w High $26.64

Analysis of Past Performance

Type Stock
Historic Profit 169.12%
Avg. Invested days 35
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 5.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 07/03/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 714.40M USD
Price to earnings Ratio 9.11
1Y Target Price 29
Price to earnings Ratio 9.11
1Y Target Price 29
Volume (30-day avg) 3
Beta 1.03
52 Weeks Range 6.28 - 26.64
Updated Date 07/5/2025
52 Weeks Range 6.28 - 26.64
Updated Date 07/5/2025
Dividends yield (FY) -
Basic EPS (TTM) 2.53

Earnings Date

Report Date 2025-06-05
When Before Market
Estimate 0.59
Actual 0.99

Profitability

Profit Margin 9.29%
Operating Margin (TTM) 20.06%

Management Effectiveness

Return on Assets (TTM) 3.26%
Return on Equity (TTM) 27.59%

Valuation

Trailing PE 9.11
Forward PE -
Enterprise Value 407370873
Price to Sales(TTM) 0.85
Enterprise Value 407370873
Price to Sales(TTM) 0.85
Enterprise Value to Revenue 0.48
Enterprise Value to EBITDA -
Shares Outstanding 30993300
Shares Floating 21760922
Shares Outstanding 30993300
Shares Floating 21760922
Percent Insiders 26.95
Percent Institutions 57.38

ai summary icon Upturn AI SWOT

Heritage Insurance Hldgs Inc

stock logo

Company Overview

overview logo History and Background

Heritage Insurance Hldgs, Inc. was founded in 2012. It is a property and casualty insurance holding company focused on providing personal residential insurance, primarily in coastal states. The company has grown through organic expansion and strategic acquisitions, aiming to offer competitive insurance solutions in catastrophe-prone regions.

business area logo Core Business Areas

  • Personal Residential Insurance: Provides coverage for homeowners against perils such as hurricanes, wind, hail, fire, and water damage.
  • Commercial Residential Insurance: Provides insurance coverage for commercial residential properties such as apartment buildings and condominiums.

leadership logo Leadership and Structure

Ernie Garateix serves as the Chief Executive Officer. The company operates with a typical hierarchical structure including executive leadership, underwriting, claims, and sales departments.

Top Products and Market Share

overview logo Key Offerings

  • Homeowners Insurance: Provides property insurance to homeowners primarily in coastal states, focusing on areas prone to hurricanes and other natural disasters. Competitors include Universal Insurance Holdings (UVE), Federated National Holding Company (FNHC), and Tower Hill Insurance Group. Market share data is not publicly available, but Heritage is a significant player in Florida and other coastal states.
  • Commercial Residential Insurance: Covers apartment buildings and condominiums. Competitors include Travelers (TRV) and The Hartford (HIG). Market share data is not publicly available but contributes a smaller percentage to overall revenue.

Market Dynamics

industry overview logo Industry Overview

The property and casualty insurance industry is highly competitive, especially in coastal regions vulnerable to natural disasters. Insurers face challenges related to risk assessment, pricing, and reinsurance costs. Regulatory changes and evolving climate patterns also significantly impact the industry.

Positioning

Heritage Insurance Hldgs Inc. specializes in providing insurance in catastrophe-prone areas, differentiating itself through localized expertise and claims management. Its competitive advantages include a focus on specific geographic markets and a streamlined operational structure.

Total Addressable Market (TAM)

The TAM for property insurance in coastal states is estimated to be in the billions of dollars annually. Heritage is positioned to capture a portion of this market through its specialization and geographic focus.

Upturn SWOT Analysis

Strengths

  • Specialization in coastal property insurance
  • Strong regional presence in Florida
  • Efficient claims management process
  • Experience in catastrophe-prone areas

Weaknesses

  • High reinsurance costs due to geographic focus
  • Exposure to large-scale catastrophe events
  • Geographic concentration limits diversification
  • Financial results are volatile due to hurricane season

Opportunities

  • Expansion into new coastal states
  • Development of new insurance products
  • Technological innovation in risk assessment
  • Strategic partnerships with reinsurance providers

Threats

  • Increasing frequency and severity of natural disasters
  • Rising reinsurance rates
  • Regulatory changes impacting insurance pricing
  • Competition from larger national insurers

Competitors and Market Share

competitor logo Key Competitors

  • UVE
  • FNHC
  • WRH

Competitive Landscape

Heritage's advantages lie in its focus on specific geographic markets and streamlined operations. Disadvantages include higher reinsurance costs and exposure to catastrophe events. Smaller market share than the leaders in the industry which is a very competitive market with no overwhelming leader.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been driven by organic expansion and strategic acquisitions. Growth is closely tied to weather patterns and the overall economic environment in coastal states.

Future Projections: Future growth projections depend on the company's ability to manage risk, expand into new markets, and innovate in insurance products. Analyst estimates should be consulted for detailed financial forecasts.

Recent Initiatives: Recent initiatives include expansion into new states, implementation of new technology for risk assessment, and strengthening relationships with reinsurance providers.

Summary

Heritage Insurance Hldgs is a specialized insurer focusing on coastal property risks. While their expertise in catastrophe-prone areas gives them an edge, they face challenges from reinsurance costs and natural disaster frequency. The company is focusing on expansion and technological improvements. Investors should consider the volatility associated with the insurance industry when looking at the company.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • SEC Filings
  • Company Investor Relations
  • Industry Reports
  • Financial News Articles

Disclaimers:

The data provided is for informational purposes only and should not be considered financial advice. Market share data is based on estimates and may not be precise. Consult with a qualified financial advisor before making investment decisions.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Heritage Insurance Hldgs Inc

Exchange NYSE
Headquaters Tampa, FL, United States
IPO Launch date 2014-05-23
CEO & Director Mr. Ernesto Jose Garateix CPCU
Sector Financial Services
Industry Insurance - Property & Casualty
Full time employees 540
Full time employees 540

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. It also provides homeowners insurance, condo insurance, dwelling fire, equipment coverage, commercial residential property, and artisan contractor program. In addition, 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.