Overview Dividends

(HRTG) Heritage Insurance Hldgs - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US42727J1025

Personal Residential, Commercial Residential, Homeowners, Condo, Dwelling Fire

HRTG EPS (Earnings per Share)

EPS Growth (3Y CAGR): 53.51%
EPS Trend (3Y Correlation): 62.3%

HRTG Revenue

Revenue Growth (3Y CAGR): 7.40%
Revenue Trend (3Y Correlation): 93.4%

Risk
Volatility	83.7%
Value at Risk 5%th	115%

Reward
Sharpe Ratio	1.83
Alpha	154.06

Character
Hurst Exponent	0.348
Beta	0.977

Drawdowns 3y
Max DD	43.90%
Mean DD	16.61%

Description: HRTG Heritage Insurance Hldgs October 22, 2025

Heritage Insurance Holdings, Inc. (NYSE:HRTG) writes personal and commercial residential insurance across 16 states, with a focus on homeowners, condos, dwelling fire, equipment coverage, and an artisan contractor program. The business distributes policies through independent agents and operates a commercial residential property line in Florida, New Jersey, and New York. Founded in 2012 and based in Tampa, Florida, the company is positioned in the Property & Casualty Insurance sub-industry.

Key performance indicators from recent filings show a combined ratio of roughly 96% and a loss ratio near 68%, indicating underwriting profitability but limited margin headroom. Net written premiums grew about 7% YoY to $1.2 bn, driven largely by expanding market share in the Sun Belt states. Return on equity (ROE) sits around 8%, while the equity capital base remains modest at $300 m, making capital adequacy a focus for investors.

Because hurricane activity, interest-rate trends, and the health of the U.S. housing market are primary drivers of HRTG’s results, monitoring those macro variables is essential for a realistic outlook. For a deeper dive into HRTG’s valuation metrics and peer comparison, you might explore the analysis on ValueRay.

HRTG Stock Overview

Market Cap in USD	913m
Sub-Industry	Property & Casualty Insurance
IPO / Inception	2014-05-23

HRTG Stock Ratings

Growth Rating	87.0%
Fundamental	86.9%
Dividend Rating	1.0%
Return 12m vs S&P 500	111%
Analyst Rating	4.0 of 5

HRTG Dividends

Currently no dividends paid

HRTG Growth Ratios

Growth Correlation 3m	47.1%
Growth Correlation 12m	83.1%
Growth Correlation 5y	47%
CAGR	173.80%
CAGR/Max DD Calmar Ratio	3.96
CAGR/Mean DD Pain Ratio	10.46
Current Volume	735.7k
Average Volume	344k

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (149.2m TTM) > 0 and > 6% of Revenue (6% = 50.5m TTM)

FCFTA 0.05 (>2.0%) and ΔFCFTA -5.53pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 76.83% (prev 27.03%; Δ 49.80pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.05 (>3.0%) and CFO 112.4m <= Net Income 149.2m (YES >=105%, WARN >=100%)

Net Debt (-560.4m) to EBITDA (217.8m) ratio: -2.57 <= 3.0 (WARN <= 3.5)

Current Ratio 765.9 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (30.9m) change vs 12m ago 0.66% (target <= -2.0% for YES)

Gross Margin 18.61% (prev 22.58%; Δ -3.98pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 35.53% (prev 33.95%; Δ 1.58pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 15.91 (EBITDA TTM 217.8m / Interest Expense TTM 8.73m) >= 6 (WARN >= 3)

Altman Z'' 2.60

(A) 0.27 = (Total Current Assets 648.0m - Total Current Liabilities 846.0k) / Total Assets 2.37b

(B) 0.09 = Retained Earnings (Balance) 216.6m / Total Assets 2.37b

(D) 0.11 = Book Value of Equity 203.6m / Total Liabilities 1.93b

Total Rating: 2.60 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 86.85

1. Piotroski 3.50pt = -1.50

2. FCF Yield 24.16% = 5.0

3. FCF Margin 13.04% = 3.26

4. Debt/Equity 0.23 = 2.47

5. Debt/Ebitda -2.57 = 2.50

6. ROIC - WACC (= 14.73)% = 12.50

7. RoE 41.44% = 2.50

8. Rev. Trend 93.38% = 7.00

9. EPS Trend 62.29% = 3.11

What is the price of HRTG shares?

As of November 10, 2025, the stock is trading at USD 29.54 with a total of 735,697 shares traded.
Over the past week, the price has changed by +27.16%, over one month by +15.21%, over three months by +41.07% and over the past year by +139.38%.

Is Heritage Insurance Hldgs a good stock to buy?

Yes, based on ValueRay´s Fundamental Analyses, Heritage Insurance Hldgs (NYSE:HRTG) is currently (November 2025) a good stock to buy. It has a ValueRay Fundamental Rating of 86.85 and therefor a positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of HRTG is around 33.57 USD . This means that HRTG is currently undervalued and has a potential upside of +13.64% (Margin of Safety).

Is HRTG a buy, sell or hold?

Heritage Insurance Hldgs has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy HRTG.

Strong Buy: 1
Buy: 1
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the HRTG price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	35.5	20.2%
Analysts Target Price	35.5	20.2%
ValueRay Target Price	37.5	27%

HRTG Fundamental Data Overview November 10, 2025

Market Cap USD = 913.1m (913.1m USD * 1.0 USD.USD)
P/E Trailing = 6.1159
P/S = 1.0841
P/B = 1.8911
Beta = 0.977
Revenue TTM = 842.3m USD
EBIT TTM = 138.8m USD
EBITDA TTM = 217.8m USD
Long Term Debt = 36.2m USD (from longTermDebt, last fiscal year)
Short Term Debt = 34.0m USD (from shortTermDebt, last fiscal year)
Debt = 101.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -560.4m USD (from netDebt column, last quarter)
Enterprise Value = 454.4m USD (913.1m + Debt 101.7m - CCE 560.4m)
Interest Coverage Ratio = 15.91 (Ebit TTM 138.8m / Interest Expense TTM 8.73m)
FCF Yield = 24.16% (FCF TTM 109.8m / Enterprise Value 454.4m)
FCF Margin = 13.04% (FCF TTM 109.8m / Revenue TTM 842.3m)
Net Margin = 17.72% (Net Income TTM 149.2m / Revenue TTM 842.3m)
Gross Margin = 18.61% ((Revenue TTM 842.3m - Cost of Revenue TTM 685.6m) / Revenue TTM)
Gross Margin QoQ = -24.25% (prev 42.91%)
Tobins Q-Ratio = 0.19 (Enterprise Value 454.4m / Total Assets 2.37b)
Interest Expense / Debt = 1.82% (Interest Expense 1.85m / Debt 101.7m)
Taxrate = 26.19% (17.9m / 68.3m)
NOPAT = 102.5m (EBIT 138.8m * (1 - 26.19%))
Current Ratio = 765.9 (out of range, set to none) (Total Current Assets 648.0m / Total Current Liabilities 846.0k)
Debt / Equity = 0.23 (Debt 101.7m / totalStockholderEquity, last quarter 437.3m)
Debt / EBITDA = -2.57 (Net Debt -560.4m / EBITDA 217.8m)
Debt / FCF = -5.10 (Net Debt -560.4m / FCF TTM 109.8m)
Total Stockholder Equity = 360.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.30% (Net Income 149.2m / Total Assets 2.37b)
RoE = 41.44% (Net Income TTM 149.2m / Total Stockholder Equity 360.1m)
RoCE = 35.03% (EBIT 138.8m / Capital Employed (Equity 360.1m + L.T.Debt 36.2m))
RoIC = 23.53% (NOPAT 102.5m / Invested Capital 435.5m)
WACC = 8.80% (E(913.1m)/V(1.01b) * Re(9.63%) + D(101.7m)/V(1.01b) * Rd(1.82%) * (1-Tc(0.26)))
Discount Rate = 9.63% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 7.29%
[DCF Debug] Terminal Value 63.64% ; FCFE base≈162.5m ; Y1≈106.7m ; Y5≈48.8m
Fair Price DCF = 24.33 (DCF Value 752.0m / Shares Outstanding 30.9m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 62.29 | EPS CAGR: 53.51% | SUE: 3.77 | # QB: 3
Revenue Correlation: 93.38 | Revenue CAGR: 7.40% | SUE: 0.36 | # QB: 0

Additional Sources for HRTG Stock

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