Heritage Insurance Holdings, Inc. HRTG R2K

Financial Services · Insurance - Property & Casualty · United States

https://www.heritagepci.com

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.

Market & Price

Market Cap

$656.33M

Current Price

$21.68

High / Low (52W)

$31.14 / $19.02

Beta

1.03

Valuation

Stock P/E

3.33

Industry PE

12.01

Forward P/E

4.73

PEG Ratio

Book Value

$17.21

Price to Book

1.26

P/S

0.77

EV/EBITDA

0.77

Dividend Yield

Profitability & Returns

ROCE

ROE

47.47%

ROA

8.13%

Profit Margin

23.76%

Op Margin

23.90%

EPS (Latest Qtr)

$1.19

EPS (TTM)

$6.52

Balance Sheet & Liquidity

Debt/Equity

0.19

Quick Ratio

0.43

Current Ratio

0.77

Debt

$99.05M

Total Assets

$2.20B

Current Assets

Working Capital

Ownership

Promoter Holding

19.77%

Chg in Prom Hold

FII / Inst Holding

66.69%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$221.56M

Total Revenue (TTM)

$848.47M

EBITDA

$288.50M

Free Cash Flow

$159.88M

Operating Cash Flow

$206.26M

Shares Outstanding

30.27M

Gross Margin

43.55%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

5.34%

Profit 5Y

75.57%

Revenue (YoY)

0.50%

Earnings (YoY)

20.10%

PROS

Strong return on equity of 47.5%.
Excellent profit margin of 23.8%.
Profit CAGR of 75.6% over 5 years.
Generates positive free cash flow.

CONS

Trading 30.4% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	HRTG Heritage Insurance Holdings, Inc. R2K	21.68	3.33	$656.33M	-	-	47.47%	5.34%	75.57%
2	JPM JPMorgan Chase & Co. SPX	299.31	14.33	$802.00B	2.00%	-	16.47%	12.50%	14.83%
3	V Visa Inc. SPX	326.36	28.48	$620.65B	0.82%	38.38%	60.35%	10.92%	10.28%
4	MA Mastercard Incorporated SPX	493.98	28.57	$436.47B	0.70%	61.47%	-	13.82%	14.66%
5	MS Morgan Stanley SPX	208.00	18.84	$328.08B	1.92%	-	16.39%	9.52%	15.20%
6	GS The Goldman Sachs Group, Inc. SPX	1,025.56	18.73	$302.55B	1.76%	-	14.55%	7.16%	15.11%
7	WFC Wells Fargo & Company SPX	77.54	11.98	$237.29B	2.32%	-	12.03%	4.02%	15.98%
8	BLK BlackRock, Inc. SPX	1,046.88	26.32	$162.51B	2.19%	4.89%	11.90%	10.65%	2.36%
9	SCHW The Charles Schwab Corporation SPX	87.35	17.37	$151.91B	1.47%	-	19.08%	4.83%	7.21%

Quarterly Results

Figures in USD.

Metric	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	115.28M	109.31M	102.81M	99.29M	96.94M	101.77M	108.62M	112.03M	117.97M	125.30M	124.88M	118.26M	122.84M	131.70M	138.50M	132.71M	136.01M	165.12M	159.55M	147.24M	150.20M	167.41M	166.71M	158.61M	163.77M	165.49M	174.59M	176.92M	185.31M	186.30M	186.96M	191.30M	203.57M	-	-	230.92M	208.03M	212.46M	142.42M	227.26M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	29.76M	18.61M	-3.64M	11.89M	13.06M	1.41M	23.17M	24.82M	8.15M	14.22M	22.35M	11.50M	3.07M	13.48M	21.51M	12.76M	6.96M	-4.48M	-5.06M	-5.83M	-3.99M	-15.38M	-42.87M	-39.41M	-85.55M	-47.31M	14.91M	20.09M	16.39M	-9.44M	36.17M	22.70M	27.64M	-	-	42.44M	64.87M	70.17M	89.68M	50.82M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.43M	1.88M	1.85M	1.73M	1.78M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40.01M	62.99M	68.32M	87.95M	49.04M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9.54M	14.97M	17.89M	21.27M	12.56M
Net Income	18.37M	10.93M	-2.86M	5.98M	6.64M	-8.70M	-5.05M	14.83M	2.41M	5.99M	3.93M	6.96M	721.00K	8.13M	12.82M	7.62M	4.13M	-5.23M	2.81M	-5.15M	-3.95M	-16.41M	-49.22M	-30.76M	-87.87M	-48.24M	12.50M	14.01M	7.78M	-7.42M	30.94M	14.22M	18.87M	-	-	30.47M	48.02M	50.42M	66.67M	36.48M
Diluted EPS	0.62	0.37	-0.09	0.21	0.23	-0.34	-0.18	0.55	0.09	0.23	0.15	0.24	0.02	0.28	0.44	0.27	0.15	-0.19	0.10	-0.19	-0.14	-0.59	-1.79	-1.15	-3.32	-1.83	0.48	0.55	0.30	-0.28	1.15	0.47	0.61	-	-	0.99	1.55	1.63	2.15	1.19

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	124.83M	233.82M	394.79M	438.96M	406.62M	480.17M	511.31M	593.38M	631.56M	662.46M	670.70M	766.68M	774.43M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	74.25M	150.29M	56.77M	49.53M	69.54M	49.57M	10.19M	-68.06M	-157.36M	63.22M	93.61M	267.15M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	8.81M	11.21M	10.93M	7.89M
Pretax Income	-	-	-	-	-	-	-	-	-	-166.17M	52.01M	82.68M	259.26M
Tax Provision	-	-	-	-	-	-	-	-	-	-11.81M	6.70M	21.14M	63.67M
Net Income	34.21M	47.10M	92.51M	33.87M	-1.12M	27.16M	28.64M	9.33M	-74.73M	-154.36M	45.31M	61.54M	195.59M
Diluted EPS	2.36	1.82	3.05	1.14	-0.04	1.04	0.98	0.33	-2.69	-5.86	1.73	2.01	6.32

Compounded Sales Growth

5 Years:	5.34%
1 Year:	0.50%

Compounded Profit Growth

5 Years:	75.57%
1 Year:	20.10%

Stock Price Performance

1 Year:	-11.40%
6 Months:	-24.77%
3 Months:	-22.21%
1 Month:	-26.33%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	281.98M	615.03M	837.40M	1.03B	1.77B	1.77B	1.94B	2.09B	-	2.39B	2.12B	2.47B	2.20B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Equivalents	63.87M	65.06M	160.48M	236.28M	105.82M	153.70M	250.12M	268.35M	440.96M	-	280.88M	463.64M	452.67M	559.27M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	897.81M	571.92M	842.34M	413.92M
Total Liabilities	-	181.07M	359.94M	480.85M	675.28M	1.39B	1.34B	1.49B	1.65B	-	2.26B	1.90B	2.18B	1.69B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	-	-	-	72.91M	184.41M	148.79M	129.25M	121.00M	-	29.82M	30.11M	36.19M	4.37M
Total Debt	-	-	-	-	-	-	-	-	-	-	160.19M	148.19M	141.34M	99.81M
Total Equity	28.12M	79.98M	255.09M	356.55M	357.96M	379.82M	425.33M	448.80M	442.34M	-	131.04M	220.28M	290.80M	505.25M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	37.77M	42.45M	42.84M	43.17M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-	-	-	82.95M	7.49M	96.34M	119.66M	170.21M	-	-34.26M	70.42M	87.09M	182.24M
Investing Cash Flow	-	-	-	-249.42M	-7.24M	23.45M	-53.59M	22.06M	-	-37.86M	100.81M	-91.60M	-32.67M
Financing Cash Flow	-	-	9.64M	43.83M	47.56M	-31.95M	-45.43M	-28.90M	-	-5.06M	14.55M	-5.19M	-40.63M
Capital Expenditure	-10.88M	-6.93M	-1.17M	-1.62M	-385.00K	-2.28M	-4.98M	-755.00K	-	-12.38M	-9.89M	-8.23M	-8.07M
Free Cash Flow	-	-	-	81.33M	7.10M	94.06M	114.67M	169.46M	-	-46.64M	60.52M	78.86M	174.16M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-77.18M	185.77M	-9.69M	108.94M
Share Buybacks	-	-	-	25.56M	61.62M	2.00M	16.18M	10.00M	8.19M	7.34M	0	0	-
Dividends Paid	-	-	-	6.81M	8.25M	6.38M	6.96M	6.85M	6.71M	4.77M	11.00K	-	-

Ratios (Annual)

Figures in %.

Metric	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Margin %	-	31.8%	38.1%	12.9%	12.2%	14.5%	9.7%	1.7%	-10.8%	-23.8%	9.4%	12.2%	34.5%
Net Margin %	27.4%	20.1%	23.4%	7.7%	-0.3%	5.7%	5.6%	1.6%	-11.8%	-23.3%	6.8%	8.0%	25.3%
ROE %	42.8%	18.5%	25.9%	9.5%	-0.3%	6.4%	6.4%	2.1%	-	-117.8%	20.6%	21.2%	38.7%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-	-

Shareholding Pattern

Insiders

19.77%

Institutions

66.69%

Public Float

83.12%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	7.22%	2.19M	$47.49M
2	Dimensional Fund Advisors LP	4.11%	1.25M	$27.03M
3	Vanguard Capital Management LLC	3.30%	1.00M	$21.71M
4	American Century Companies Inc	3.26%	988.95K	$21.44M
5	Vanguard Portfolio Management LLC	2.79%	846.69K	$18.36M
6	Geode Capital Management, LLC	2.43%	738.89K	$16.02M
7	Connor Clark & Lunn Investment Management Ltd	1.82%	550.87K	$11.94M
8	State Street Corporation	1.73%	525.10K	$11.38M
9	Prudential Financial, Inc.	1.62%	492.09K	$10.67M
10	Assenagon Asset Management S.A.	1.52%	461.84K	$10.01M

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HRTG · Financial Services