Added to YB: 2025-10-09
Pitch date: 2025-10-08
HRTG [bullish]
Heritage Insurance Holdings, Inc.
-12.84%
current return
Author Info
Cluseau Research seeks to exploit these two edges by identifying special situations that provide a compelling risk-to-reward that are “off limits” to traditional Institutional Investors. Sign up for the newsletter.
Company Info
Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products.
Market Cap
$675.0M
Pitch Price
$25.94
Price Target
30.00 (+31%)
Dividend
N/A
EV/EBITDA
0.88
P/E
3.51
EV/Sales
0.30
Sector
Insurance
Category
value
Long Heritage Insurance (HRTG)
HRTG: Attractive at 6.5x 2025 EPS consensus ($0.47 Q3, potentially $4.50 FY25/26 = sub-6x). Trading 127% TBV justified by strong earnings & growth. Expanding into profitable CA/NY markets in 2025-26. Tailwinds: lower 2026 reinsurance costs, improved loss ratios if no hurricanes. Risk: 60 Minutes allegations (denied, lawsuit filed). Entry $23.50-$25.50, PT $30 next 12mo.
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