Heritage Insurance (NYSE:HRTG) Issues Quarterly Earnings Results

Posted by Trevor Kearing on Mar 11th, 2025

Heritage Insurance (NYSE:HRTG – Get Free Report) announced its earnings results on Tuesday. The insurance provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.83, Zacks reports. Heritage Insurance had a return on equity of 29.17% and a net margin of 9.10%.

Heritage Insurance Stock Up 4.8 %

Shares of HRTG traded up $0.54 during trading hours on Tuesday, hitting $11.84. The company had a trading volume of 212,596 shares, compared to its average volume of 165,470. Heritage Insurance has a one year low of $6.14 and a one year high of $16.90. The company’s fifty day moving average price is $11.56 and its two-hundred day moving average price is $12.33. The company has a market capitalization of $363.27 million, a PE ratio of 4.74 and a beta of 1.00. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42.

Heritage Insurance declared that its Board of Directors has initiated a share buyback plan on Monday, December 9th that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the insurance provider to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Heritage Insurance from a “buy” rating to a “strong-buy” rating in a research report on Monday.

Read Our Latest Research Report on Heritage Insurance

Heritage Insurance Company Profile

(Get Free Report)

Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential insurance in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; commercial residential insurance for properties in Florida, New Jersey, and New York; and licensed in the state of Pennsylvania, as well as personal residential and wind-only property insurance.