Heritage Insurance Hldgs Inc

HRTG · NYSE · Financial Services / Insurance - Property & Casualty

33.68USD+0.18 (+0.54%)

Price History

Full chart

Market Stats

Previous Close33.50

Open33.83

Day Range33.59 – 34.19

52-Week Range20.48 – 36.50

Volume135.63K

Market Cap986.52M

P/E (TTM)4.72

Forward P/E0.00

EPS7.03

Dividend Yield0.00%

Beta0.92

50-Day Avg32.32

200-Day Avg27.70

About

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.

Company Details

SectorFinancial Services
IndustryInsurance - Property & Casualty
CEOMr. Ernesto Jose Garateix CPCU
Employees542
Headquarters1401 N. Westshore Blvd., Tampa, FL, United States, 33607, USA
Websitehttps://www.heritagepci.com

Leadership

Mr. Ernesto Jose Garateix CPCUCEO & Director · b. 1972
Mr. Kirk Howard LuskCFO, Company Secretary & Treasurer · b. 1961
Mr. Timothy Michael MouraPresident of Narragansett Bay Insurance Company · b. 1973
Ms. Sharon Ann Binnun CPAChief Accounting Officer · b. 1962
Mr. Timothy E. JohnsPresident of Zephyr Insurance Company · b. 1957

Financials

Income Statement

Currency: USD	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	5.63M	98.79M	233.82M	394.79M	438.96M	406.62M	480.17M	511.31M	593.38M	631.56M	662.46M	735.50M	816.99M	847.33M
Growth (%)	-	+1654.64%	+136.69%	+68.84%	+11.19%	-7.37%	+18.09%	+6.48%	+16.05%	+6.43%	+4.89%	+11.03%	+11.08%	+3.71%
Cost of Revenue	1.49M	18.61M	126.07M	198.38M	323.28M	285.37M	322.09M	381.19M	501.66M	573.34M	657.47M	593.74M	638.24M	313.25M
Gross Profit	5.63M	80.18M	107.75M	196.41M	115.67M	121.25M	158.08M	130.11M	91.72M	58.22M	4.99M	141.76M	178.75M	534.08M
Gross Margin	100.00%	81.17%	46.08%	49.75%	26.35%	29.82%	32.92%	25.45%	15.46%	9.22%	0.75%	19.27%	21.88%	63.03%
Operating Expense	9.41M	24.72M	33.50M	46.13M	59.27M	127.14M	119.09M	89.11M	89.51M	134.26M	171.16M	89.75M	96.07M	274.82M
Operating Income	-3.78M	55.46M	74.25M	150.29M	56.40M	-5.89M	38.99M	41.00M	2.21M	-76.03M	-166.17M	52.01M	82.68M	259.26M
Operating Margin	-67.10%	56.14%	31.76%	38.07%	12.85%	-1.45%	8.12%	8.02%	0.37%	-12.04%	-25.08%	7.07%	10.12%	30.60%
EBITDA	-3.78M	55.63M	75.03M	151.64M	65.74M	15.06M	86.08M	59.95M	18.29M	-59.62M	-149.00M	71.90M	103.16M	279.85M
EBITDA Margin	-67.10%	56.31%	32.09%	38.41%	14.98%	3.70%	17.93%	11.73%	3.08%	-9.44%	-22.49%	9.78%	12.63%	33.03%
Net Income	-5.47M	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
Net Income Margin	-97.09%	34.63%	20.14%	23.43%	7.71%	-0.28%	5.66%	5.60%	1.57%	-11.83%	-23.30%	6.16%	7.53%	23.08%
R&D	-	-	0	0	0	0	0	-	-	-	-	-	-	-
R&D as % of Total Revenue	-	-	0.00%	0.00%	0.00%	0.00%	0.00%	-	-	-	-	-	-	-
Interest Expense	829.00K	16.00K	0	0	362.00K	13.21M	20.02M	8.52M	7.97M	7.97M	8.81M	11.21M	10.93M	7.89M
Interest Expense % of Total Revenue	14.72%	0.02%	0.00%	0.00%	0.08%	3.25%	4.17%	1.67%	1.34%	1.26%	1.33%	1.52%	1.34%	0.93%

Balance Sheet

Currency: USD	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	81.86M	281.98M	616.00M	837.40M	1.03B	1.77B	1.77B	1.94B	2.09B	1.98B	2.39B	2.12B	2.47B	2.20B
Total Liabilities	53.74M	201.99M	360.91M	480.85M	675.28M	1.39B	1.34B	1.49B	1.65B	1.64B	2.26B	1.90B	2.18B	1.69B
Total Equity	28.12M	79.98M	255.09M	356.55M	357.96M	379.82M	425.33M	448.80M	442.34M	343.05M	131.04M	220.28M	290.80M	505.25M
Cash	63.87M	65.06M	173.82M	236.28M	105.82M	153.70M	250.12M	268.35M	440.96M	359.34M	280.88M	463.64M	452.67M	559.27M
Total Debt	1.00M	-	-	-	72.91M	184.41M	168.79M	139.57M	131.00M	151.93M	160.19M	148.19M	141.34M	99.81M
Net Debt	-62.87M	-65.06M	-173.82M	-236.28M	-32.91M	30.71M	-101.32M	-139.10M	-319.96M	-207.41M	-120.69M	-315.45M	-311.33M	-459.46M

Cash Flow

Currency: USD	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	49.48M	105.05M	194.20M	153.86M	75.13M	7.57M	95.43M	119.66M	170.21M	60.13M	-34.26M	70.42M	87.09M	182.24M
Investing Cash Flow	-13.89M	-136.49M	-200.05M	-86.96M	-249.42M	-7.24M	24.36M	-53.59M	22.06M	-124.48M	-37.86M	100.81M	-91.60M	-32.67M
Financing Cash Flow	28.29M	32.63M	101.27M	8.90M	43.83M	47.56M	-31.95M	-45.43M	-28.90M	-17.28M	-5.06M	14.55M	-5.19M	-40.63M
Capital Expenditure	201.00K	10.88M	6.93M	1.17M	1.62M	385.00K	2.28M	4.98M	755.00K	1.01M	12.38M	9.89M	8.23M	8.07M
Free Cash Flow	49.27M	94.17M	187.27M	152.69M	73.51M	7.18M	93.15M	114.67M	169.46M	59.12M	-46.64M	60.52M	78.86M	174.16M
Dividends Paid	-	-	6.81M	6.81M	6.81M	8.25M	6.38M	6.96M	6.85M	6.71M	4.77M	11.00K	54.00K	-
FCF to OCF	99.59%	89.64%	96.43%	99.24%	97.84%	94.91%	97.61%	95.83%	99.56%	98.33%	136.14%	85.95%	90.55%	95.57%
Dividend Paid to FCF	-	-	3.63%	4.46%	9.26%	114.87%	6.85%	6.07%	4.04%	11.35%	-10.23%	0.02%	0.07%	-

Earnings

Report Date	May 28, 2014	Aug 4, 2014	Nov 5, 2014	Mar 4, 2015	May 6, 2015	Aug 5, 2015	Nov 4, 2015	Mar 2, 2016	May 5, 2016	Aug 3, 2016	Nov 8, 2016	Mar 15, 2017	May 3, 2017	Aug 8, 2017	Nov 1, 2017	Mar 7, 2018	May 7, 2018	Aug 2, 2018	Oct 31, 2018	Mar 1, 2019	May 6, 2019	Aug 1, 2019	Oct 31, 2019	Feb 27, 2020	May 4, 2020	Aug 3, 2020	Nov 2, 2020	Mar 3, 2021	May 5, 2021	Aug 5, 2021	Nov 4, 2021	Mar 7, 2022	May 5, 2022	Aug 4, 2022	Nov 8, 2022	Mar 2, 2023	May 4, 2023	Aug 8, 2023	Nov 2, 2023	Mar 11, 2024	May 1, 2024	Aug 6, 2024	Nov 6, 2024	Mar 10, 2025	May 6, 2025	Aug 5, 2025	Nov 5, 2025	Mar 9, 2026	May 7, 2026	Aug 5, 2026	Nov 4, 2026
EPS Estimate	-	0.32	0.27	0.46	0.78	0.82	0.49	0.65	0.47	0.55	0.38	-0.11	0.18	0.21	-0.09	0.39	0.42	0.67	0.28	0.15	0.31	-0.03	0.14	0.37	0.23	0.01	-0.62	-0.39	-0.15	-0.04	-0.27	0.14	0.22	-0.12	-1.06	-0.16	0.10	0.08	-0.21	0.46	0.59	0.41	0.06	0.56	0.45	1.01	0.53	0.98	1.53	0.99	1.07
EPS Actual	0.26	0.39	0.33	0.66	1.00	0.84	0.55	0.66	0.24	0.62	0.37	-0.09	0.21	0.23	-0.06	1.23	0.56	0.48	0.65	0.15	0.21	0.02	0.28	0.42	0.26	0.15	-0.76	0.10	-0.19	-0.12	-0.59	0.41	-1.15	0.11	-1.83	0.48	0.49	0.36	-0.27	1.15	0.47	0.61	0.27	0.66	0.99	1.55	1.63	2.15	1.19	2.05	-
Surprise	-	21.88%	22.22%	43.48%	28.21%	2.44%	12.24%	1.54%	-48.94%	12.73%	-2.63%	18.18%	16.67%	9.52%	33.33%	215.38%	33.33%	-28.36%	132.14%	0.00%	-32.26%	166.67%	100.00%	13.51%	13.04%	1400.00%	-22.58%	125.64%	-26.67%	-200.00%	-118.52%	192.86%	-622.73%	191.67%	-72.64%	400.00%	390.00%	350.00%	-28.57%	150.00%	-20.34%	48.78%	350.00%	17.86%	120.00%	53.47%	207.55%	119.86%	-22.22%	107.07%	-
Timing	-	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	-	After-hours	After-hours	After-hours

Key Statistics & Ratios

Market Cap986.52M

Enterprise Value487.49M

Trailing P/E4.72

Forward P/E0.00

PEG Ratio0.00

Price / Sales1.15

Price / Book1.73

EPS7.03

Book Value19.67

Revenue (TTM)854.63M

Gross Profit (TTM)387.91M

EBITDA307.41M

Profit Margin25.19%

Operating Margin39.15%

Return on Equity45.28%

Return on Assets7.38%

Shares Outstanding29.73M

Shares Float22.11M

Beta0.92

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Analyst Ratings

Buy

Based on 3 analystsTarget 39.00

Strong Buy
1
Buy
1
Hold
1

Ownership Breakdown

Institutions: 68.09%
Insiders: 20.03%
Retail / Other: 11.88%

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358.68K1.21%
AQR Capital Management LLC
349.25K1.17%
The Goldman Sachs Group Inc
333.28K1.12%
Morgan Stanley - Brokerage Accounts
285.08K0.96%

Top Fund Holders

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965.57K3.25%
Vanguard MStar Total Stk Mkt Idx Invest
730.40K2.46%
iShares Russell 2000 ETF
652.38K2.19%
Fidelity Small Cap Index
268.82K0.90%

Dividends

20222×

0.06Jun 13, 20220.06Mar 16, 2022

20214×

0.06Dec 14, 20210.06Sep 14, 20210.06Jun 14, 20210.06Mar 12, 2021

20204×

0.06Dec 14, 20200.06Sep 14, 20200.06Jun 12, 20200.06Mar 13, 2020

20194×

0.06Dec 13, 20190.06Sep 13, 20190.06Jun 13, 20190.06Mar 14, 2019

20184×

0.06Dec 13, 20180.06Sep 13, 20180.06Jun 14, 20180.06Mar 14, 2018

20174×

0.06Nov 16, 20170.06Sep 14, 20170.06Jun 13, 20170.06Mar 13, 2017

20162×

0.06Dec 13, 20160.06Sep 13, 2016