Opinions
The Panic-Proof Portfolio (Stockchase Research)
Heritage Insurance Holdings, Inc.
HRTG-N
TOP PICK
Feb 20, 2025
$11.690
Stock price when the opinion was issued
insurance
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TOP PICK
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)
insurance
PAST TOP PICK
(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.
insurance
TOP PICK
Stockchase Research Editor: Michael O'Reilly
We 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)
insurance
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%
(Analysts’ price target is $16.00)