Opinions
The Panic-Proof Portfolio (Stockchase Research)
Heritage Insurance Holdings, Inc.
HRTG-N
PAST TOP PICK
Oct 15, 2020
(A Top Pick Sep 10/20, Down 13.9%)Stockchase Research Editor: Michael O'Reilly HRTG has moved down through our stop-loss level. Although the stock has demonstrated a base is forming, we do not see any new fundamental developments to warrant continuing to wait it out. We are recommending to cover and look for newer opportunities.
$10.750
Stock price when the opinion was issued
insurance
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Stockchase Research Editor: Michael O'Reilly The company provides personal and commercial residential insurance through the Atlantic coast and Alabama and expanding into Mississippi. Recent annual earnings showed a 10% increase in revenues and EPS has grown to $0.42 per share from a 2019 average of $0.02. Analysts look for EPS to grow over 40% next year. It trades at 83% of book value. It pays a small dividend that is well supported by cashflow. We would trade this with a $11.50 stop-loss. Yield 1.94% (Analysts’ price target is $17.00)
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Stockchase Research Editor: Michael O'Reilly
The 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%
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