Added to YB: 2026-08-26
Pitch date: 2026-08-18
HRTG [neutral]
Heritage Insurance Holdings, Inc.
+1.33%
current return
Author Info
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Company Info
Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products.
Market Cap
$976.9M
Pitch Price
$33.75
Price Target
N/A
Dividend
N/A
EV/EBITDA
1.55
P/E
4.82
EV/Sales
0.56
Sector
Insurance
Category
growth
Monthly SpreadHunters Monitoring - Heritage Insurance Holdings, Inc.
HRTG (earnings): Q2 2026 crushed estimates: net income $61.7M (+28.5% YoY), diluted EPS $2.05 (+32.3%), combined ratio 64.9% (8pts better) on lower weather losses + favorable prior-year reserve development; BVPS $19.09 (+16.5% since YE25), annualized ROE 45.4%, op cash flow $166.5M (+277%). Q1 combined ratio 81.0% even with $37M weather losses. 2026 cat program cut reinsurance cost $63.2M with higher exhaustion points. GWP -5.5% (deliberate discipline), entering Texas surplus-lines. $50M buyback ($24.6M done, $37.4M left). Validates underwriting-driven rerating thesis; watch premium declines and Q3 hurricane peak (dividend still suspended).
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