Heritage Insurance Holdings, Inc. (HRTG)
Financial Services · NYQ
Fundamentals
Valuation and ratings
Heritage Insurance Holdings, Inc. trades at USD27.43, which is 117% below the USD59.49 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 65 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 4.1 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
HRTG dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2022 | USD0.120 | 2 |
| 2021 | USD0.240 | 4 |
| 2020 | USD0.240 | 4 |
| 2019 | USD0.240 | 4 |
| 2018 | USD0.240 | 4 |
| 2017 | USD0.240 | 4 |
| 2016 | USD0.230 | 4 |
| 2015 | USD0.050 | 1 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
HRTG earnings and analyst estimates
Recommendation mix, 3 analyst ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Heritage Insurance Holdings, Inc.
Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products. It offers personal residential insurance in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; and commercial residential property insurance in Florida, Hawaii, New Jersey, and New York. The company also provides homeowners insurance, condo insurance, dwelling fire, equipment coverage, and artisan contractor program. It offers insurance products through a network of independent agents. The company was founded in 2012 and is headquartered in Tampa, Florida.
HRTG passes 5 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
5 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Marshall Wace, MARSHALL WACE, LLP$9.84M · 0.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$9.17M · 0.0% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$7.21M · 0.0% of book
- Arrowstreet Capital, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$5.74M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$4.82M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is Heritage Insurance Holdings, Inc. (HRTG) undervalued?
Against our discounted cash flow estimate of USD59.49, HRTG at USD27.43 is 117% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
Which funds own HRTG?
5 of the institutions we track reported a position in HRTG in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is HRTG's P/E ratio?
HRTG trades at 4.1 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
When does HRTG report earnings next?
Heritage Insurance Holdings, Inc. is scheduled to report on 4 Aug 2026. Companies move earnings dates, so read it as scheduled rather than certain.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.