Heritage Insurance Hldgs Stock Today
| HRTG Stock | USD 9.49 0.22 2.37% |
Performance12 of 100
| Odds Of DistressLess than 3
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Heritage Insurance is trading at 9.49 as of the 19th of April 2024. This is a 2.37 percent increase since the beginning of the trading day. The stock's lowest day price was 9.22. Heritage Insurance has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Heritage Insurance Hldgs are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Insurance | IPO Date 23rd of May 2014 | Category Financial Services | Classification Financials |
Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products. Heritage Insurance Holdings, Inc. was founded in 2012 and is headquartered in Tampa, Florida. Heritage Insurance operates under InsuranceProperty Casualty classification in the United States and is traded on New York Stock Exchange. The company has 30.22 M outstanding shares of which 779.23 K shares are currently shorted by private and institutional investors with about 1.32 trading days to cover. More on Heritage Insurance Hldgs
Moving together with Heritage Stock
| 0.76 | L | Loews Corp | PairCorr |
| 0.87 | FRFHF | Fairfax Financial | PairCorr |
| 0.86 | AFG | American Financial Financial Report 7th of May 2024 | PairCorr |
| 0.88 | ALL | Allstate Buyout Trend | PairCorr |
Moving against Heritage Stock
| 0.67 | FACO | First Acceptance Corp | PairCorr |
| 0.42 | PRA | ProAssurance Financial Report 14th of May 2024 | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 2nd of May 2024
Heritage Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Heritage Insurance's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Heritage Insurance or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Ernie Garateix | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Property & Casualty Insurance, Insurance - Property & Casualty, Financial Services, NYSE Composite, Financials, Insurance, Insurance—Property & Casualty, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Heritage Insurance report their recommendations after researching Heritage Insurance's financial statements, talking to executives and customers, or listening in on Heritage Insurance's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Heritage Insurance Hldgs. The Heritage consensus assessment is calculated by taking the average forecast from all of the analysts covering Heritage Insurance. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the measurements of operating efficiency obtained from Heritage Insurance's historical financial statements, Heritage Insurance Hldgs is doing better financially then in previous quarter. It has a moderate chance of reporting better financial numbers in May. Financial strength of Heritage Insurance Hldgs is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Heritage Insurance's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Heritage Insurance's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Heritage Insurance's financial leverage. It provides some insight into what part of Heritage Insurance's total assets is financed by creditors.
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Heritage Insurance Hldgs (HRTG) is traded on New York Stock Exchange in USA. It is located in 1401 North Westshore Blvd., Tampa, FL, United States, 33607 and employs 566 people. Heritage Insurance is listed under Property & Casualty Insurance category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 283.45 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Heritage Insurance's market, we take the total number of its shares issued and multiply it by Heritage Insurance's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Heritage Insurance Hldgs conducts business under Insurance sector and is part of Financials industry. The entity has 30.22 M outstanding shares of which 779.23 K shares are currently shorted by private and institutional investors with about 1.32 trading days to cover.
Heritage Insurance Hldgs currently holds about 290.93 M in cash with 70.42 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 11.26, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Heritage Insurance Probability Of Bankruptcy
Ownership AllocationHeritage Insurance Hldgs has a total of 30.22 Million outstanding shares. Over half of Heritage Insurance's outstanding shares are owned by outside corporations. These outside corporations are typically referred to as corporate investors that purchase positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Heritage Insurance Hldgs. Please watch out for any change in the institutional holdings of Heritage Insurance as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Heritage Ownership Details
Heritage Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of Heritage Insurance jumping above the current price in 90 days from now is about 19.06%. The Heritage Insurance Hldgs probability density function shows the probability of Heritage Insurance stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Heritage Insurance Hldgs has a beta of -0.1108. This usually indicates as returns on the benchmark increase, returns on holding Heritage Insurance are expected to decrease at a much lower rate. During a bear market, however, Heritage Insurance Hldgs is likely to outperform the market. Additionally, heritage Insurance Hldgs has an alpha of 0.7002, implying that it can generate a 0.7 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Heritage Insurance to move above the current price in 90 days from now is about 19.06 (This Heritage Insurance Hldgs probability density function shows the probability of Heritage Stock to fall within a particular range of prices over 90 days) .
Heritage Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Heritage Insurance that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Heritage Insurance's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Heritage Insurance's value.| Instituion | Recorded On | Shares | |
| Renaissance Technologies Corp | 2023-12-31 | 325.8 K | |
| Geode Capital Management, Llc | 2023-12-31 | 304.2 K | |
| Qube Research & Technologies | 2023-12-31 | 289.6 K | |
| Bridgeway Capital Management, Llc | 2023-12-31 | 285.4 K | |
| Man Group Plc | 2023-12-31 | 194.2 K | |
| Two Sigma Advisers, Llc | 2023-12-31 | 184.1 K | |
| Two Sigma Investments Llc | 2023-12-31 | 183 K | |
| Ameriprise Financial Inc | 2023-12-31 | 179.6 K | |
| Luminus Management, Llc | 2023-12-31 | 176.7 K | |
| Driehaus Capital Management Llc | 2023-12-31 | 1.9 M | |
| Vanguard Group Inc | 2023-12-31 | 1.3 M |
Heritage Insurance Historical Income Statement
Heritage Insurance Hldgs Income Statement is one of the three primary financial statements used for reporting Heritage's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Heritage Insurance Hldgs revenue and expense. Heritage Insurance Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Heritage Insurance's EBITDA is most likely to decrease significantly in the upcoming years. The Heritage Insurance's current Total Operating Expenses is estimated to increase to about 257.7 M, while Selling General Administrative is projected to decrease to roughly 64.9 M. View More FundamentalsHeritage Stock Against Markets
Picking the right benchmark for Heritage Insurance stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Heritage Insurance stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Heritage Insurance is critical whether you are bullish or bearish towards Heritage Insurance Hldgs at a given time. Please also check how Heritage Insurance's historical prices are related to one of the top price index indicators.
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Heritage Insurance Corporate Directors
Heritage Insurance corporate directors refer to members of a Heritage Insurance board of directors. The board of directors generally takes responsibility for the Heritage Insurance's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Heritage Insurance's board members must vote for the resolution. The Heritage Insurance board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Panagiotis Apostolou | Independent Director | Profile | |
| Irini Barlas | Independent Director | Profile | |
| Mark Berset | Director | Profile | |
| Nicholas Pappas | Independent Director | Profile |
How to buy Heritage Stock?
Before investing in Heritage Insurance, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Heritage Insurance. To buy Heritage Insurance stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Heritage Insurance. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Heritage Insurance stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Heritage Insurance Hldgs stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Heritage Insurance Hldgs stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Heritage Insurance Hldgs, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Heritage Stock please use our How to Invest in Heritage Insurance guide.
Already Invested in Heritage Insurance Hldgs?
The danger of trading Heritage Insurance Hldgs is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Heritage Insurance is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Heritage Insurance. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Heritage Insurance Hldgs is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Heritage Insurance Hldgs is a strong investment it is important to analyze Heritage Insurance's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Heritage Insurance's future performance. For an informed investment choice regarding Heritage Stock, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Insurance Hldgs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Heritage Stock analysis
When running Heritage Insurance's price analysis, check to measure Heritage Insurance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Heritage Insurance is operating at the current time. Most of Heritage Insurance's value examination focuses on studying past and present price action to predict the probability of Heritage Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Heritage Insurance's price. Additionally, you may evaluate how the addition of Heritage Insurance to your portfolios can decrease your overall portfolio volatility.
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Is Heritage Insurance's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Heritage Insurance. If investors know Heritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Heritage Insurance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.378 | Earnings Share 1.73 | Revenue Per Share 28.08 | Quarterly Revenue Growth 0.071 | Return On Assets 0.0176 |
The market value of Heritage Insurance Hldgs is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Insurance's value that differs from its market value or its book value, called intrinsic value, which is Heritage Insurance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Heritage Insurance's market value can be influenced by many factors that don't directly affect Heritage Insurance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Heritage Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Insurance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.