Price Change to Note: What’s Heritage Insurance Holdings Inc Upside After Today’s Huge Increase?

Price Change to Note: What's Heritage Insurance Holdings Inc Upside After Today's Huge Increase?

The stock of Heritage Insurance Holdings Inc (NYSE:HRTG) is a huge mover today! About 444,005 shares traded hands or 121.54% up from the average. Heritage Insurance Holdings Inc (NYSE:HRTG) has declined 23.79% since March 4, 2016 and is downtrending. It has underperformed by 31.83% the S&P500.
The move comes after 5 months positive chart setup for the $364.31 million company. It was reported on Oct, 7 by Barchart.com. We have $20.73 PT which if reached, will make NYSE:HRTG worth $204.01M more.

Analysts await Heritage Insurance Holdings Inc (NYSE:HRTG) to report earnings on November, 2. They expect $0.43 earnings per share, down 21.82% or $0.12 from last year’s $0.55 per share. HRTG’s profit will be $11.79 million for 7.73 P/E if the $0.43 EPS becomes a reality. After $0.62 actual earnings per share reported by Heritage Insurance Holdings Inc for the previous quarter, Wall Street now forecasts -30.65% negative EPS growth.

Heritage Insurance Holdings Inc (NYSE:HRTG) Ratings Coverage

Out of 5 analysts covering Heritage Insurance Holdings (NYSE:HRTG), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Heritage Insurance Holdings has been the topic of 8 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of Heritage Insurance Holdings Inc (NYSE:HRTG) has “Buy” rating given on Friday, August 7 by Citigroup. The stock has “Outperform” rating given by Wood on Tuesday, August 9. The stock of Heritage Insurance Holdings Inc (NYSE:HRTG) earned “Buy” rating by Sandler O’Neill on Friday, September 23. The stock has “Market Outperform” rating given by JMP Securities on Tuesday, October 20. Wood maintained the stock with “Outperform” rating in Monday, June 13 report.

According to Zacks Investment Research, “Heritage Insurance Holdings, Inc. is a property and casualty insurance holding company. Through its subsidiary, Heritage Property & Casualty Insurance Company, the Company provides personal residential insurance for single-family homeowners and condominium owners. Heritage Insurance Holdings, Inc. is based in Clearwater, Florida.”

More notable recent Heritage Insurance Holdings Inc (NYSE:HRTG) news were published by: Prnewswire.com which released: “Heritage Insurance Holdings, Inc. Prepares for Hurricane Matthew and …” on October 07, 2016, also Marketwatch.com with their article: “Heritage Insurance Holdings Inc.” published on May 23, 2014, Quotes.Wsj.com published: “News Heritage Insurance Holdings Inc.HRTG” on April 22, 2014. More interesting news about Heritage Insurance Holdings Inc (NYSE:HRTG) were released by: Prnewswire.com and their article: “Heritage Insurance Announces Completion of 2016-2017 Reinsurance Program” published on June 08, 2016 as well as Prnewswire.com‘s news article titled: “Heritage Insurance Holdings, Inc. Reports Financial Results for Third Quarter …” with publication date: November 04, 2015.

HRTG Company Profile

Heritage Insurance Holdings, Inc. (Heritage Insurance), incorporated on December 30, 2013, is a property and casualty insurance holding company. The Firm provides personal and commercial residential insurance. Through its subsidiary, Heritage Property & Casualty Insurance Company (Heritage P&C), it provides personal residential insurance for single-family homeowners and condominium owners, rental property insurance and commercial residential insurance in the state of Florida and North Carolina. The Firm is vertically integrated and controls or manages all aspects of insurance underwriting, customer service, actuarial analysis, distribution and claims processing and adjusting. The Company’s primary products are personal and commercial residential insurance, which it offers only in Florida. It markets and writes personal lines voluntary policies through a network of approximately 1,400 independent agents. It has approximately 40,130 voluntary policies. It markets and writes commercial residential voluntary policies through a network of approximately 60 independent agents.

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