(HRTG) Heritage Insurance Hldgs - Overview
Sector: Financial Services | Industry: Insurance - Property & Casualty | Exchange: NYSE (USA) | Market Cap: 693m USD | Total Return: -5% in 12m
Avg Turnover: 11.9M
Qual. Beats: 0
Rev. Trend: 69.1%
Qual. Beats: 0
Warnings
Volatile Below Avwap Earnings
Tailwinds
No distinct edge detected
Heritage Insurance Holdings, Inc. (HRTG) is a Tampa-based provider of personal and commercial residential property insurance. Operating across 16 states, the company distributes its products-including homeowners, condominium, and dwelling fire coverage-primarily through a network of independent agents. The firm specializes in coastal markets where property-and-casualty insurers must manage significant exposure to weather-related catastrophes and regional regulatory shifts.
The business model relies on risk transfer through reinsurance markets to mitigate the financial impact of large-scale loss events. As a property specialist, HRTG’s profitability is closely tied to its combined ratio and the underwriting discipline applied within its diverse geographic footprint. For a deeper analysis of these financial metrics, you may wish to explore the data available on ValueRay.
- Florida property insurance market stabilization improves premium growth and underwriting profitability
- Reinsurance pricing shifts directly impact net income and capital allocation strategies
- Catastrophic weather events in coastal regions drive volatility in loss ratios
- Geographic diversification outside Florida reduces concentration risk and regulatory exposure
- Rising interest rates enhance investment income from fixed-income portfolio holdings
| Net Income: 201.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 6.61 > 1.0 |
| NWC/Revenue: -35.75% < 20% (prev -45.76%; Δ 10.00% < -1%) |
| CFO/TA 0.10 > 3% & CFO 206.3m > Net Income 201.6m |
| Net Debt (-504.6m) to EBITDA (288.5m): -1.75 < 3 |
| Current Ratio: 0.81 > 1.5 & < 3 |
| Outstanding Shares: last quarter (30.7m) vs 12m ago -0.05% < -2% |
| Gross Margin: 51.16% > 18% (prev 0.24%; Δ 5.09k% > 0.5%) |
| Asset Turnover: 36.63% > 50% (prev 37.83%; Δ -1.19% > 0%) |
| Interest Coverage Ratio: 38.06 > 6 (EBITDA TTM 288.5m / Interest Expense TTM 7.24m) |
| A: -0.14 (Total Current Assets 1.20b - Total Current Liabilities 1.47b) / Total Assets 2.02b |
| B: 0.16 (Retained Earnings 319.7m / Total Assets 2.02b) |
| C: 0.13 (EBIT TTM 275.5m / Avg Total Assets 2.12b) |
| D: 0.20 (Book Value of Equity 305.7m / Total Liabilities 1.50b) |
| Altman-Z'' = 0.70 = B |
| DSRI: 0.55 (Receivables 361.4m/707.6m, Revenue 775.6m/837.2m) |
| GMI: 0.47 (GM 51.16% / 24.21%) |
| AQI: 1.22 (AQ_t 0.38 / AQ_t-1 0.31) |
| SGI: 0.93 (Revenue 775.6m / 837.2m) |
| TATA: -0.00 (NI 201.6m - CFO 206.3m) / TA 2.02b) |
| Beneish M = -3.79 (Cap -4..+1) = AAA |
As of May 26, 2026, the stock is trading at USD 22.88 with a total of 314,100 shares traded.
Over the past week, the price has changed by -2.31%,
over one month by -23.48%,
over three months by -16.07% and
over the past year by -4.98%.
Heritage Insurance Hldgs has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy HRTG.
- StrongBuy: 1
- Buy: 1
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 31.5 | 37.7% |
P/E Trailing = 3.5092
P/S = 0.8164
P/B = 1.3311
Revenue TTM = 775.6m USD
EBIT TTM = 275.5m USD
EBITDA TTM = 288.5m USD
Long Term Debt = 4.49m USD (from longTermDebt, last quarter)
Short Term Debt = 73.1m USD (from shortTermDebt, last quarter)
Debt = 120.5m USD (from shortLongTermDebtTotal, last quarter) + Leases 21.4m
Net Debt = -504.6m USD (calculated: Debt 120.5m - CCE 625.1m)
Enterprise Value = 188.1m USD (692.7m + Debt 120.5m - CCE 625.1m)
Interest Coverage Ratio = 38.06 (Ebit TTM 275.5m / Interest Expense TTM 7.24m)
EV/FCF = 0.94x (Enterprise Value 188.1m / FCF TTM 200.8m)
FCF Yield = 106.8% (FCF TTM 200.8m / Enterprise Value 188.1m)
FCF Margin = 25.89% (FCF TTM 200.8m / Revenue TTM 775.6m)
Net Margin = 25.99% (Net Income TTM 201.6m / Revenue TTM 775.6m)
Gross Margin = 51.16% ((Revenue TTM 775.6m - Cost of Revenue TTM 378.8m) / Revenue TTM)
Gross Margin QoQ = 56.93% (prev 65.97%)
Tobins Q-Ratio = 0.09 (Enterprise Value 188.1m / Total Assets 2.02b)
Interest Expense / Debt = 6.01% (Interest Expense 7.24m / Debt 120.5m)
Taxrate = 25.60% (12.6m / 49.0m)
NOPAT = 205.0m (EBIT 275.5m * (1 - 25.60%))
Current Ratio = 0.81 (Total Current Assets 1.20b / Total Current Liabilities 1.47b)
Debt / Equity = 0.23 (Debt 120.5m / totalStockholderEquity, last quarter 520.4m)
Debt / EBITDA = -1.75 (Net Debt -504.6m / EBITDA 288.5m)
Debt / FCF = -2.51 (Net Debt -504.6m / FCF TTM 200.8m)
Total Stockholder Equity = 461.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 9.52% (Net Income 201.6m / Total Assets 2.02b)
RoE = 43.68% (Net Income TTM 201.6m / Total Stockholder Equity 461.5m)
RoCE = 59.12% (EBIT 275.5m / Capital Employed (Equity 461.5m + L.T.Debt 4.49m))
RoIC = 33.82% (NOPAT 205.0m / Invested Capital 606.0m)
WACC = 9.16% (E(692.7m)/V(813.1m) * Re(9.98%) + D(120.5m)/V(813.1m) * Rd(6.01%) * (1-Tc(0.26)))
Discount Rate = 9.98% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 68.89 | Cagr: 6.14%
[DCF] Terminal Value 75.38% ; FCFF base≈149.9m ; Y1≈171.8m ; Y5≈252.9m
[DCF] Fair Price = 126.6 (EV 3.33b - Net Debt -504.6m = Equity 3.83b / Shares 30.3m; r=9.16% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.51 | # QB: 0
Revenue Correlation: 69.06 | Revenue CAGR: 4.86% | SUE: -0.44 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.18 | Chg30d=+0.29% | Revisions=-14% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.57 | Chg30d=-3.41% | Revisions=-14% | Analysts=3
EPS current Year (2026-12-31): EPS=4.23 | Chg30d=-7.30% | Revisions=-43% | GrowthEPS=-32.3% | GrowthRev=+1.6%
EPS next Year (2027-12-31): EPS=4.58 | Chg30d=-6.84% | Revisions=-43% | GrowthEPS=+8.3% | GrowthRev=+4.5%
[Analyst] Revisions Ratio: -43%