Heritage Insurance is part of the property and casualty insurance industry and trades as part of the financial services sector. The company CEO is Bruce Lucas. Heritage Insurance Inc is a property and casualty insurance holding company. The company provides personal residential insurance for single-family homeowners and condominium owners, rental property insurance and commercial residential insurance.



Previous Intraday Performance:

The HRTG shares had a previous change of 3.29% which opened at 14.99 and closed at 15.40. It moved to an intraday high of 15.41 and a low of 14.93.

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Historical Performance:

Over the last five trading days, HRTG shares returned 2.33% and in the past 30 trading days it returned 12.82%. Over three months, it changed 2.28%. In one year it has changed -7.69% and within that year its 52 week high was 17.90 and its 52 week low was 12.85. HRTG stock is 19.84% above its 52 week low.

Our calculations result in a 200 day moving average of 14.74 and a 50 day moving average of 14.52. Right now, HRTG stock is trading 4.47% above its 200 day moving average and may be a good opportunity to buy.

SeekingAlpha:  Heritage boosts reinsurance program, reduces costs

Liquidity:

The company has a market cap of $462.2m with 30.0m shares outstanding and a float of 26.9m shares. Trading volume was 198,749 shares and has experienced an average volume of 192,304 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for Heritage Insurance was 1.03 which ended on 31st of December 2018, which according to the previous close, that is a PE of 14.95. Based on 1 analyst estimate, the estimated EPS for the next quarter is 0.41. The trailing twelve month EPS reported is 1.36 (trailing twelve month diluted EPS is 0.71).

Below was the last reported quarterly diluted earnings per share:

1stQtr 2019Reported 05-06-2019: 0.24
4thQtr 2018Reported 03-01-2019: 0.15
3rdQtr 2018Reported 10-31-2018: 0.23
2ndQtr 2018Reported 08-02-2018: 0.09
1stQtr 2018Reported 05-07-2018: 0.55

Base on our calculations, the intrinsic value per share is 26.13, which means it might be undervalued and has a margin of safety of 41.06%.

EPS growth is an important number as it indicates the future prospects of Heritage Insurance; the EPS growth rate, as it is usually called, is typically displayed as a percentage, which at this time is hard to estimate, but revenue growth has been 12.00% over the last twelve months.



Indicators Also to Watch:

Based on the latest filings, there is 92.70% of institutional ownership. Short-interest was 964,928, which was 3.22% of shares outstanding. The short-interest ratio or days-to-cover ratio was 4.86. This stock has some short interest, but it might be normal and no need to worry if long the position.

The beta was calculated to be 0.78.

PR Newswire:  Heritage Increases Catastrophe Reinsurance Program at Reduced Cost

Fundamental Numbers:

Based on last reported financials, the company’s return on assets is 1.14%, profit margin is 4.04%, price-to-sales is 0.92 and price-to-book is 1.03.

Company Score Card:

Results are out of six:
 3  : Growth Expectations Result
 5  : Financial Safety Result
 2  : Past Performance Result
 4  : Valuation Result
 3  : Dividend Safety Result
 3  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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