At the time of writing, Heritage Insurance Holdings Inc. [HRTG] stock is trading at $8.95, up 25.17%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HRTG shares have gain 34.18% over the last week, with a monthly amount glided 54.04%, and seem to be holding up well over a long-time horizon.
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On 11, March 2024, Heritage Reports Fourth Quarter 2023 Results. In a post published today on Yahoo Finance, Heritage Insurance Holdings, Inc. (NYSE: HRTG) (“Heritage” or the “Company”), a super-regional property and casualty insurance holding company, today reported fourth quarter of 2023 financial results.
From an analyst’s perspective:
Heritage Insurance Holdings Inc. [NYSE: HRTG] stock has seen the most recent analyst activity on February 13, 2023, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $2.20 from $4.30. Previously, Piper Sandler upgraded its rating to Overweight on April 06, 2020, and elevated its price target to $15. On November 05, 2019, downgrade downgraded it’s rating to Mkt Perform. Sandler O’Neill downgraded its rating to a Hold and decreased its price target to $17 on July 16, 2019. JMP Securities downgraded its rating to a Mkt Perform. Sandler O’Neill upgraded its rating to Buy for this stock on September 23, 2016. In a note dated March 04, 2016, Sandler O’Neill downgraded an Hold rating on this stock.
For the past year, the stock price of Heritage Insurance Holdings Inc. fluctuated between $2.76 and $9.79. Heritage Insurance Holdings Inc. [NYSE: HRTG] shares were valued at $8.95 at the most recent close of the market.
Analyzing the HRTG fundamentals
According to Heritage Insurance Holdings Inc. [NYSE:HRTG], the company’s sales were 735.50M for trailing twelve months, which represents an 7.09% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.18 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.26 points at the first support level, and at 7.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.38, and for the 2nd resistance point, it is at 9.81.
Heritage Insurance Holdings Inc. [HRTG] reported earnings per share of $1.15 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.46/share, meaning a difference of $0.69 and a surprise factor of 150.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.28 per share as compared to estimates of -$0.21 per share, a difference of -$0.07 representing a surprise of -33.30%.
Ratios To Look Out For
It is important to note that Heritage Insurance Holdings Inc. [NYSE:HRTG] has a current ratio of 0.96. Considering the valuation of this stock, the price to sales ratio is 0.37, the price to book ratio is 1.23 and price to earnings (TTM) ratio is 5.19.
Transactions by insiders
Recent insider trading involved Hyer Raymond T, 10% Owner, that happened on Dec 19 ’23 when 0.15 million shares were purchased. Director, WHITING PAUL L completed a deal on Dec 14 ’23 to buy 40871.0 shares. Meanwhile, Chief Executive Officer Garateix Ernie J bought 27247.0 shares on Dec 14 ’23.
