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Heritage Insurance Holdings, Inc. (HRTG) Stock Forecast & Price Prediction

Live HRTG Stock Price & Analysis

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$12.67

+0.38 (3.09%)

12 Month Price Forecast For HRTG

$12.67
Current Price
$388.77M
Market Cap
3 Ratings
Buy 2
Hold 1
Sell 0
Wall St Analyst Ratings

Distance to HRTG Price Forecasts

+34.2%
To High Target of $17.00
+26.3%
To Median Target of $16.00
+18.4%
To Low Target of $15.00

HRTG Price Momentum

+12.0%
1 Week Change
+12.7%
1 Month Change
+100.5%
1 Year Change
+4.7%
Year-to-Date Change
-25.0%
From 52W High of $16.90
+114.7%
From 52W Low of $5.90

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 16, 2025 4:02 AM UTC

HRTG Analyst Ratings & Price Targets

Based on our analysis of 7 Wall Street analysts, HRTG has a bullish consensus with a median price target of $16.00 (ranging from $15.00 to $17.00). The overall analyst rating is Strong Buy (8.0/10). Currently trading at $12.67, the median forecast implies a 26.3% upside. This outlook is supported by 2 Buy, 1 Hold, and 0 Sell ratings.

The most optimistic forecast comes from Matthew Carletti at JMP Securities, projecting a 34.2% upside. Conversely, the most conservative target is provided by Paul Newsome at Piper Sandler, suggesting a 18.4% upside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

HRTG Analyst Consensus

2
Buy
1
Hold
0
Sell

HRTG Price Target Range

Low
$15.00
Average
$16.00
High
$17.00
Current: $12.67

Latest HRTG Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for HRTG.

Date Firm Analyst Rating Change Price Target
Aug 9, 2024 Piper Sandler Paul Newsome Overweight Upgrade $13.00
Aug 8, 2024 Truist Securities Mark Hughes Buy Maintains $12.00
Apr 15, 2024 JMP Securities Matthew Carletti Market Perform Reiterates $0.00
Apr 1, 2024 Piper Sandler Paul Newsome Neutral Maintains $9.00
Mar 13, 2024 JMP Securities Matthew Carletti Market Perform Downgrade $0.00
Mar 13, 2024 Truist Securities Mark Hughes Buy Maintains $11.00
Jan 17, 2024 JMP Securities Matthew Carletti Market Outperform Maintains $7.00
Nov 6, 2023 Truist Securities Mark Hughes Buy Maintains $9.00
Nov 6, 2023 Piper Sandler Paul Newsome Neutral Maintains $7.00
Oct 6, 2023 Piper Sandler Paul Newsome Neutral Maintains $5.70
Oct 5, 2023 Piper Sandler Paul Newsome Neutral Maintains $6.35
Aug 10, 2023 JMP Securities Matthew Carletti Market Outperform Maintains $6.00
Jul 12, 2023 JMP Securities Matthew Carletti Market Outperform Reiterates $5.00
May 8, 2023 Piper Sandler Paul Newsome Neutral Maintains $4.25
Apr 18, 2023 JMP Securities Matthew Carletti Market Outperform Reiterates $3.00
Mar 6, 2023 Truist Securities Mark Hughes Buy Maintains $5.00
Feb 13, 2023 Piper Sandler Nicole Miller Regan Neutral Downgrade $2.20
Jan 17, 2023 JMP Securities Matthew Carletti Market Outperform Maintains $3.00
Oct 18, 2022 JMP Securities Karol Chmiel Market Outperform Maintains $4.00
Jul 18, 2022 JMP Securities Matthew Carletti Market Outperform Maintains $8.00

Stocks Similar to Heritage Insurance Holdings, Inc.

The following stocks are similar to Heritage Insurance based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Heritage Insurance Holdings, Inc. (HRTG) Financial Data

Heritage Insurance Holdings, Inc. has a market capitalization of $388.77M with a P/E ratio of 4.9x. The company generates $793.69M in trailing twelve-month revenue with a 9.1% profit margin.

Revenue growth is +13.7% quarter-over-quarter, while maintaining an operating margin of +5.5% and return on equity of +33.5%.

Valuation Metrics

Market Cap $388.77M
Enterprise Value $3.63M
P/E Ratio 4.9x
PEG Ratio 5.7x
Price/Sales 0.5x

Growth & Margins

Revenue Growth (YoY) +13.7%
Gross Margin N/A
Operating Margin +5.5%
Net Margin +9.1%
EPS Growth +13.7%

Financial Health

Cash/Price Ratio +138.1%
Current Ratio 0.7x
Debt/Equity 51.7x
ROE +33.5%
ROA +2.6%

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Heritage Insurance Holdings, Inc. logo

Heritage Insurance Holdings, Inc. (HRTG) Company Overview

About Heritage Insurance Holdings, Inc.

What They Do

Provides personal and commercial residential insurance products.

Business Model

The company generates revenue by offering a range of insurance products, including personal and commercial residential insurance. It operates through a network of independent agents and partnerships, allowing it to effectively distribute its policies across multiple states.

Additional Information

Founded in 2012 and headquartered in Tampa, Florida, the company also offers restoration, emergency, recovery, and property management services. Its diverse product offerings include homeowners insurance and dwelling fire insurance, catering to various customer needs.

Company Information

Sector

Financial Services

Industry

Insurance - Property & Casualty

Employees

566

CEO

Mr. Ernesto Jose Garateix CPCU

Country

United States

IPO Year

2014

Heritage Insurance Holdings, Inc. (HRTG) Latest News & Analysis

HRTG stock latest news image
Quick Summary

Heritage Insurance Holdings (NYSE: HRTG) will report its Q4 and full year 2024 financial results on March 11, 2025, with a conference call on March 12, 2025, at 9:00 am ET.

Why It Matters

Heritage Insurance's upcoming financial results announcement could impact stock performance and investor sentiment, providing insights into the company's growth and market position.

Source: PRNewsWire
Market Sentiment: Neutral
HRTG stock latest news image
Quick Summary

Heritage Insurance Holdings, Inc. (NYSE: HRTG) reported its fourth quarter 2024 results and estimated catastrophe losses from the Southern California wildfires for Q1 2025.

Why It Matters

Heritage Insurance's update on Q4 2024 results and expected losses from wildfires signals potential impacts on profitability and stock performance, affecting investor sentiment and valuation.

Source: PRNewsWire
Market Sentiment: Neutral
HRTG stock latest news image
Quick Summary

HRTG's expanding commercial residential and E&S businesses, along with improved pricing, are expected to enhance margins and boost earnings, indicating positive growth potential.

Why It Matters

HRTG's expanding commercial residential and E&S businesses, along with improved pricing, signal potential for enhanced margins and earnings growth, attracting investor interest.

Source: Zacks Investment Research
Market Sentiment: Positive
HRTG stock latest news image
Quick Summary

HRTG's expanding commercial residential and E&S businesses, along with improved pricing, are expected to enhance margins and boost earnings, indicating positive growth prospects.

Why It Matters

HRTG's expanding businesses and improved pricing indicate potential for higher earnings and margins, signaling strong growth prospects that could enhance investor returns.

Source: Zacks Investment Research
Market Sentiment: Positive
HRTG stock latest news image
Quick Summary

Heritage Insurance Holdings, Inc. (NYSE: HRTG) has authorized a new $10 million share repurchase plan, effective after the current plan expires on December 31, 2024.

Why It Matters

Heritage Insurance's new $10 million share repurchase plan signals confidence in its financial health, potentially boosting share prices and indicating strong cash flow management.

Source: PRNewsWire
Market Sentiment: Neutral
HRTG stock latest news image
Quick Summary

Heritage Insurance Holdings' stock rose 126% over the past year, driven by positive earnings and strategic growth initiatives, leading to a favorable investor rating.

Why It Matters

Heritage Insurance's 126% stock surge, driven by positive earnings and strategic growth, signals strong performance and potential for continued gains, attracting investor interest.

Source: Seeking Alpha
Market Sentiment: Positive

Frequently Asked Questions About HRTG Stock

What is Heritage Insurance Holdings, Inc.'s (HRTG) stock forecast for 2025?

Based on our analysis of 7 Wall Street analysts, Heritage Insurance Holdings, Inc. (HRTG) has a median price target of $16.00. The highest price target is $17.00 and the lowest is $15.00.

Is HRTG stock a good investment in 2025?

According to current analyst ratings, HRTG has 2 Buy ratings, 1 Hold ratings, and 0 Sell ratings. The stock is currently trading at $12.67. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for HRTG stock?

Wall Street analysts predict HRTG stock could reach $16.00 in the next 12 months. This represents a 26.3% increase from the current price of $12.67. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Heritage Insurance Holdings, Inc.'s business model?

The company generates revenue by offering a range of insurance products, including personal and commercial residential insurance. It operates through a network of independent agents and partnerships, allowing it to effectively distribute its policies across multiple states.

What is the highest forecasted price for HRTG Heritage Insurance Holdings, Inc.?

The highest price target for HRTG is $17.00 from Matthew Carletti at JMP Securities, which represents a 34.2% increase from the current price of $12.67.

What is the lowest forecasted price for HRTG Heritage Insurance Holdings, Inc.?

The lowest price target for HRTG is $15.00 from Paul Newsome at Piper Sandler, which represents a 18.4% increase from the current price of $12.67.

What is the overall HRTG consensus from analysts for Heritage Insurance Holdings, Inc.?

The overall analyst consensus for HRTG is bullish. Out of 7 Wall Street analysts, 2 rate it as Buy, 1 as Hold, and 0 as Sell, with a median price target of $16.00.

How accurate are HRTG stock price projections?

Stock price projections, including those for Heritage Insurance Holdings, Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.