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Heritage Insurance Holdings, Inc.
Heritage Insurance Holdings, Inc. (HRTG) is listed on NYSE and classified in Insurance - Property & Casualty, part of the Financial Services sector. It is headquartered in Tampa, United States and has 542 employees. The company is worth $1.12B and trades at 5.3x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $847.33M in fiscal 2025, up 3.7% from the year before. Net income was $195.59M. The share price is within 3% of its 52-week high. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $9.54M. In that quarter, 4 of them opened or added to the position and 1 reduced it. Over the last 30 days, company insiders sold $125.69K of its stock on the open market and bought none. All of those sales were scheduled in advance under 10b5-1 plans.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +437.1% over 5Y.
today you would have $5,670.69▲ +467.1%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 12 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $29.26 | $12.10 | $6.52 | $1.80 | $5.88 | $10.13 | $13.25 | $14.72 | $18.02 | $15.67 | $21.82 | $19.43 | |
| P/E | 10.7x | 4.6x | 6.0x | 3.8x | — | — | 30.7x | 13.5x | 14.2x | — |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 0.0% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 10.7 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 12.4x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| GOLDGold.com, Inc. | $38.66 | 12.8x | 1.3x | 4.66% | 10.80% | $1.12B |
| BOWBowhead Specialty Holdings Inc. | $34.19 | 18.5x | 2.4x | 0.00% | 14.10% | $1.13B |
| AMTBAmerant Bancorp Inc. | $28.96 | 20.8x | 1.2x | 1.24% | 6.13% | $1.13B |
| NBNNortheast Bank - Common Stock |
| 13.7x |
| 7.2x |
| 10.7x |
| P/S | 0.8x | 1.1x | 0.5x | 0.3x | 0.1x | 0.2x | 0.5x | 0.7x | 0.9x | 1.2x | 1.1x | 1.7x | 2.5x |
| P/B | 1.2x | 1.8x | 1.3x | 0.9x | 0.4x | 0.5x | 0.6x | 0.9x | 1.1x | 1.3x | 1.3x | 1.9x | 2.3x |
| EPS | $6.32 | $2.01 | $1.73 | -$5.86 | -$2.69 | $0.33 | $0.98 | $1.04 | -$0.04 | $1.14 | $3.05 | $1.82 |
| Dividend yield | 1.72% | — | — | — | 6.67% | 4.08% | 2.37% | 1.81% | 1.63% | 1.33% | 1.47% | 0.23% | — |
| Payout | 23.08% | — | — | — | — | — | 72.73% | 24.49% | 23.08% | — | 20.18% | 1.64% | — |
| Profit margin | 5.91% | 23.08% | 7.53% | 6.16% | -23.30% | -11.83% | 1.57% | 5.60% | 5.66% | -0.28% | 7.71% | 23.43% | 20.14% |
| ROE | 7.92% | 38.71% | 21.16% | 20.57% | -117.80% | -21.78% | 2.11% | 6.38% | 6.38% | -0.29% | 9.46% | 25.95% | 18.46% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+286.1% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $128.86 |
| 10.1x |
| 1.8x |
| 0.03% |
| 19.57% |
| $1.1B |
| OPYOppenheimer Holdings Inc | $102.06 | 11.3x | 1.1x | 1.72% | 10.82% | $1.09B |
| UVSPUNIVEST FINANCIAL Corp | $42.28 | 12.2x | 1.2x | 2.18% | 10.52% | $1.17B |