(HRTG) Heritage Insurance Hldgs - Ratings and Ratios

Heritage Insurance Holdings, Inc. is a property and casualty insurance provider specializing in personal and commercial residential insurance products, operating in 18 states across the United States, with a significant presence in Florida, where it offers commercial residential insurance. The company has diversified its services to include restoration, emergency, and recovery services, as well as property management and reinsurance services, catering to a broad customer base through various distribution channels, including independent agents, wholesale agents, and direct agencies.

With its headquarters in Tampa, Florida, and founded in 2012, Heritage Insurance Holdings has established itself as a significant player in the property and casualty insurance market. The companys business model is designed to provide a range of insurance products, including homeowners insurance, condominium owners insurance, and dwelling fire insurance policies, to both personal and commercial clients. Its ability to distribute policies through multiple channels, including retail independent agents and wholesale agency relationships, enhances its market reach.

Analyzing the provided and , it is evident that Heritage Insurance Holdings has demonstrated a strong upward trend in its stock price, with the last price at $24.30, significantly higher than its 52-week low of $6.25. The stocks SMA20, SMA50, and SMA200 values indicate a positive momentum, with the short-term moving averages above the long-term averages. The Average True Range (ATR) of 1.18, representing 4.86% of the last price, suggests moderate volatility. Furthermore, the companys Market Cap stands at $596.24M USD, with a P/E ratio of 9.69 and a Return on Equity (RoE) of 23.21%, indicating a relatively undervalued stock with strong profitability.

Based on the analysis of and , a forecast for Heritage Insurance Holdings suggests continued growth potential. The upward trend in the stock price, supported by the companys strong financials, including a low P/E ratio and high RoE, indicates a positive outlook. As the company continues to expand its insurance offerings and distribution channels, it is likely to maintain its momentum. Therefore, a potential target price for HRTG could be in the range of $30-$35, representing a 23.5%-44% increase from the current price, driven by sustained growth in its insurance business and further expansion into new markets.