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Heritage Insurance Holdings Inc   (HRTG)
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Price: $6.9800 $0.12 1.749%
Day's High: $7.05 Week Perf: 4.02 %
Day's Low: $ 6.70 30 Day Perf: -10.74 %
Volume (M): 353 52 Wk High: $ 11.23
Volume (M$): $ 2,464 52 Wk Avg: $6.98
Open: $6.94 52 Wk Low: $4.12



 Market Capitalization (Millions $) 186
 Shares Outstanding (Millions) 27
 Employees 247
 Revenues (TTM) (Millions $) 723
 Net Income (TTM) (Millions $) 27
 Cash Flow (TTM) (Millions $) -65
 Capital Exp. (TTM) (Millions $) 12

Heritage Insurance Holdings Inc

Heritage Insurance Holdings, Inc., is a property and casualty insurance holding company that provides personal and commercial residential insurance. We are headquartered in Clearwater, Florida and, through our subsidiary, Heritage Property & Casualty Insurance Company (“Heritage P&C”), we provide 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. We are vertically integrated and control or manage substantially all aspects of insurance underwriting, customer service, actuarial analysis, distribution and claims processing and adjusting. We are led by an experienced senior management team with an average of 31 years of insurance industry experience. We began operations in August 2012, and in December 2012 we began selectively assuming policies from Citizens Property Insurance Corporation (“Citizens”), a Florida state-supported insurer, through participation in a legislatively established “depopulation program” designed to reduce the state’s risk exposure by encouraging private companies to assume insurance policies from Citizens. We also write policies outside the Citizens depopulation program, which we refer to as voluntary policies. Heritage P&C is currently rated “A” (“Exceptional”) by Demotech, Inc. (“Demotech”), a rating agency specializing in evaluating the financial stability of insurers.



   Company Address: 1401 N. Westshore Blvd Tampa 33607 FL
   Company Phone Number: 362-7200   Stock Exchange / Ticker: NYSE HRTG
   


Customers recorded net loss Customers recorded net loss



• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AIG        3.11% 
ALL        2.6% 
BRKA        2.6% 
HIG        2.62% 
PGR        1.71% 
TRV        3.61% 
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Products & Services

Heritage Insurance Holdings: Overcoming Revenue Challenges amid Corporate Customer Struggles

Published Wed, Mar 20 2024 8:07 PM UTC

Heritage Insurance Holdings, Inc. (NYSE: HRTG) recently announced a new share repurchase plan of $10.0 million. The decision comes as the company's corporate customers recorded a 2.46% increase in their cost of revenue in the third quarter of 2023 compared to the previous year. However, sequentially, costs of revenue were trimmed by -1.73%. Despite this, Heritage Insurance H...

Heritage Insurance Holdings Inc

Serious Heritage Insurance Holdings Inc Reports $0.28 Per Share Shortfall in Q3 2023, Despite Increased Revenue

Heritage Insurance Holdings Inc, a leading Property & Casualty Insurance company, recently reported its financial results for the third quarter of 2023. While the company's revenue showed significant growth, increasing by 12.573% from the same quarter a year ago to $186.30 million, Heritage Insurance Holdings Inc suffered a loss of $-0.28 per share. This indicates a shortfall in their financial performance, which needs to be considered in the overall context of the Property & Casualty Insurance industry.
Comparing Heritage Insurance Holdings Inc with its competitors, it is evident that the company has fallen short of their contemporaries in terms of business growth. The industry as a whole announced a growth rate of 14.72% relative to the same period last year, highlighting the missed opportunity for Heritage Insurance Holdings Inc to capitalize on the growing market.

Heritage Insurance Holdings Inc

Heritage Insurance Holdings Inc Soars to New Heights with Impressive Double-Digit Top-Line Increase in Q2 2023



In the ever-evolving world of the stock market, investors are constantly on the lookout for companies that demonstrate consistent growth and profitability. One such company that has recently caught the attention of investors is Heritage Insurance Holdings Inc. In this article, we will delve into the financial performance of the company for the second quarter of 2023, highlighting some fascinating facts and figures.
Positive Turnaround in Income:
Heritage Insurance Holdings Inc experienced a significant positive turnaround in its income for the second quarter of 2023. The company reported earnings of $0.30 per share, marking a notable improvement from the previous year's figure of $-1.15 per share. Additionally, it is essential to note that there was a marginal decline of -38.17% in income when compared to the preceding reporting period, where income was reported at $0.49 per share. This suggests the need for continued focus on the company's income generation strategies.






 

Heritage Insurance Holdings Inc's Segments
 
 
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