Heritage Insurance HoldingsHRTG
Market Cap: $478M
About: Heritage Insurance Holdings Inc is a regional property and casualty insurance company that offers a variety of personal and commercial insurance products. Through its subsidiaries, Heritage Property & Casualty Insurance, Narragansett Bay Insurance, and Zephyr Insurance, the company issues personal residential property insurance in various states in the United States. It also offers commercial residential insurance predominantly for its Florida properties. Heritage Insurance manages insurance underwriting, customer services, actuarial analysis, distribution, and claims processing internally.
Employees: 566
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
178% more call options, than puts
Call options by funds: $1M | Put options by funds: $361K
60% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 15
10% more funds holding
Funds holding: 93 [Q1] → 102 (+9) [Q2]
0% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 33
2.06% less ownership
Funds ownership: 50.0% [Q1] → 47.95% (-2.06%) [Q2]
35% less capital invested
Capital invested by funds: $161M [Q1] → $104M (-$56.7M) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Piper Sandler Paul Newsome 89% 1-year accuracy 50 / 56 met price target | 17%downside $13 | Overweight Upgraded | 9 Aug 2024 |
Truist Securities Mark Hughes 85% 1-year accuracy 53 / 62 met price target | 23%downside $12 | Buy Maintained | 8 Aug 2024 |
Financial journalist opinion
Based on 19 articles about HRTG published over the past 30 days