During the recent session, Heritage Insurance Holdings Inc. (NYSE:HRTG)’s traded shares were 0.45 million, with the beta value of the company hitting 0.89. At the last check today, the stock’s price was $9.60, reflecting an intraday gain of 17.71% or $1.44. The 52-week high for the HRTG share is $11.23, that puts it down -16.98 from that peak though still a striking 55.42% gain since the share price plummeted to a 52-week low of $4.28. The company’s market capitalization is $294.30M, and the average intraday trading volume over the past 10 days was 0.28 million shares, and the average trade volume was 385.17K shares over the past three months.

Heritage Insurance Holdings Inc. (NYSE:HRTG) trade information

Heritage Insurance Holdings Inc. (HRTG) registered a 17.71% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 17.71% in intraday trading to $9.60, hitting a weekly high. The stock’s 5-day price performance is 28.07%, and it has moved by 40.01% in 30 days. Based on these gigs, the overall price performance for the year is 96.82%. The short interest in Heritage Insurance Holdings Inc. (NYSE:HRTG) is 1.1 million shares and it means that shorts have 1.91 day(s) to cover.

The consensus price target of analysts on Wall Street is $12.5, which implies an increase of 23.2% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $13 respectively. As a result, HRTG is trading at a discount of -35.42% off the target high and -25.0% off the low.

Heritage Insurance Holdings Inc. (HRTG) estimates and forecasts

Statistics show that Heritage Insurance Holdings Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Heritage Insurance Holdings Inc. (HRTG) shares have gone up 67.92% during the last six months, with a year-to-date growth rate less than the industry average at -17.14% against 13.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 100.00% this quarter and then drop -52.20% in the quarter after that. In the rating firms’ projections, revenue will increase 8.00% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 201.04M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 205.12M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 176.11M and 186.97M respectively. In this case, analysts expect current quarter sales to grow by 14.20% and then jump by 9.70% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 10.65%. While earnings are projected to return 4.05% in 2024.

HRTG Dividends

Heritage Insurance Holdings Inc. is due to release its next quarterly earnings 2024-Aug-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 3.46%.

Heritage Insurance Holdings Inc. (NYSE:HRTG)’s Major holders

Heritage Insurance Holdings Inc. insiders own 26.82% of total outstanding shares while institutional holders control 49.63%, with the float percentage being 67.82%. DRIEHAUS CAPITAL MANAGEMENT LLC is the largest shareholder of the company, while 121.0 institutions own stock in it. As of 2024-03-31, the company held over 1.62 million shares (or 6.0292% of all shares), a total value of $17.22 million in shares.

The next largest institutional holding, with 1.32 million shares, is of DIMENSIONAL FUND ADVISORS LP’s that is approximately 4.9124% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $14.03 million.