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Opinions The Panic-Proof Portfolio (Stockchase Research)
Heritage Insurance Holdings, Inc.HRTGTOP PICKSep 10, 2020
Stock price when the opinion was issued
As of Jun 11, 2026. Market Open.
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Premium contentPremium contentPremium contentWith recently reported record earnings showing a six-fold increase in EPS thanks to a 78% drop in weather related claims, we again reiterate this Florida based insurance provider as a TOP PICK. We like that cash reserves are growing, despite an aggressive retirement of debt. We recommend trailing up the stop (from $17.00) to $23.00, looking to achieve $35.50 -- upside potential of 22%. Yield 0%
(Analysts’ price target is $35.50)Premium contentWe again reiterate HRTG as a TOP PICK. Analysts expect this insurance provider to show earnings growth of 62% in 2025 and another 13% in 2026. It trades at 9x earnings, 2.1x book and supports a ROE of 26%. We continue to recommend a stop at $17, looking to achieve $29 -- upside potential of 33%. Yield 0%
(Analysts’ price target is $29.00)Premium contentAs analysts praise the super-regional insurance provider going for risk mitigation versus policy growth, we reiterate HRTG as a TOP PICK. The decision to exit high risk markets is aiding the bottom line allowing cash reserves to grow while debt is retired. It trades at 9x earnings, 2.1x book and supports a ROE of 27%. We recommend trailing up the stop (from $15.50) to $17.00, looking to achieve $29.00 -- upside potential of 28%. Yield 0%
(Analysts’ price target is $29.00)The company is small at $900M, even with a double this year, but priced very well at 8X earnings. Q1 earnings were very strong, and resulted in multiple broker upgrades. The balance sheet has net cash, and good earnings growth is expected over the next two years. It has lost money in prior years, and earnings can be volatile. Insiders own 15% and have been net buyers this year. Overall, it looks quite good to us for a small cap in the insurance sector.
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Premium contentWe reiterate HRTG as a TOP PICK. Since emerging from last year's California fires, this insurance company has weathered the loss remarkably well. Latest earnings showed EPS doubled over the year. It trades at 10x earnings, 2.3x book and supports a ROE of 27%. We recommend scaling up the stop (from $14.00) to $15.50, looking to achieve $29.00 -- upside potential of 16%. Yield 0%
(Analysts’ price target is $29.00)Premium contentPremium contentPremium contentPremium contentThe insurance provider recently reported their best quarterly earnings in Q4. The company estimates up to $40 million in losses due to the California wildfires in Q1 2025. We like that cash reserves are growing. The stock trades at 5x earnings, 1.3x book and and supports a ROE of 33%. We recommend setting a stop-loss at $8, looking to achieve $16 -- upside potential of 22%. Yield 0.9%
(Analysts’ price target is $16.00)Premium content
