Heritage Competitors

HRTG -  USA Stock  

USD 6.99  0.33  4.96%

Heritage Insurance competes with Atlas Financial; as well as few others. The company conducts business under Financial Services sector and is part of Insurance—Property & Casualty industry. Analyzing Heritage Insurance competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Heritage Insurance to its intrinsic valuation because they are able to contrast its competitors on a relative basis.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Heritage Insurance competition on your existing holdings. Please check Heritage Insurance Correlation with its peers.

Heritage Competition 

 
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The current year Return on Average Assets is expected to grow to 0.005132. The current year Return on Average Equity is expected to grow to 0.0216. Heritage Insurance Total Assets Per Share are projected to increase significantly based on the last few years of reporting. The past year's Total Assets Per Share were at 75.30. The current year Asset Turnover is expected to grow to 0.32, whereas Goodwill and Intangible Assets are forecasted to decline to about 209.7 M.

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Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Heritage Insurance's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Heritage Insurance in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
3.697.0210.35
Details
Intrinsic
Valuation
LowReal ValueHigh
5.198.5211.85
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Naive
Forecast
LowNext ValueHigh
3.656.9810.31
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4 Analysts
Consensus
LowTarget PriceHigh
10.0011.0012.00
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Heritage Insurance. Your research has to be compared to or analyzed against Heritage Insurance's peers to derive any actionable benefits. When done correctly, Heritage Insurance's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Heritage Insurance.

Heritage Insurance Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Heritage Insurance and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Heritage and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Heritage Insurance does not affect the price movement of the other competitor.
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Heritage Insurance Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Heritage Insurance stock performing well and Heritage Insurance company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Heritage Insurance's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Cross Equities Net Income Analysis

Select Fundamental

201020112012201320142015201620172018201920202021
ATL
(21.8 M)(2.5 M)3.2 M6.2 M17.7 M14.4 M2.6 M(38.8 M)(80 M)(20.4 M)(12.7 M)(13.7 M)
AFSI
142.5 M170.4 M178 M290.9 M447 M503.6 M411 M(348.9 M)(348.9 M)(348.9 M)(401.2 M)(411.8 M)

Heritage Insurance and related stocks such as American Country Holdings, Accel International Corp, Affirmative Insurance, Atlas Financial Hlds, AmTrust Financial, Argonaut Group, Acceptance Insurance, Allcity Insurance, and Alfa Corp Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Heritage Insurance financial statement analysis. It represents the amount of money remaining after all of Heritage Insurance Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of Net Income Available to Non-controlling Interests from Consolidated Income; and before the deduction of Preferred Dividends.

Heritage Insurance Competitive Analysis

The better you understand Heritage Insurance competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Heritage Insurance's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Heritage Insurance's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
HRTG
ATL
 4.96 
 6.99 
Heritage
 18.60 
 0.35 
Atlas
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Heritage Insurance Competition Performance Charts

Complement your Heritage Insurance position

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Please check Heritage Insurance Correlation with its peers. Note that the Heritage Insurance information on this page should be used as a complementary analysis to other Heritage Insurance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Bond Directory module to find actively traded corporate debentures issued by US companies.

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When running Heritage Insurance 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 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.
The market value of Heritage Insurance 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 Heritage Insurance value 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.