Heritage Insurance: The 24 Hours That Changed Everything [Seeking Alpha]
Heritage Insurance Holdings, Inc. (HRTG)
Last heritage insurance holdings, inc. earnings: 2/27 04:05 pm
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US:NYSE Investor Relations:
investors.heritagepci.com
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Source: Seeking Alpha
Follow Play 7min Summary Moody's forecasted an active 2024 hurricane season, but early inactivity led to premature optimism, boosting Heritage Insurance Holdings, Inc. shares, which, I believe, is temporary. Heritage Insurance Holdings' growth stems from acquiring high-risk policies from Florida's Citizens and through acquisitions, not organic success, leading to mediocre long-term performance. Despite political changes favoring insurers, HRTG's aggressive premium hikes and high-risk focus, especially in Florida, pose significant financial risks. Reinsurance mitigates but doesn't eliminate HRTG's risk of losses; I recommend a sell rating due to the outweighing risks. InterNetwork Media/DigitalVision via Getty Images Investment Thesis Last May, Moody's issued a warning of a very active 2024 North Atlantic hurricane season, citing "numerous meteorological agencies and groups." In the two months after the start of the hurricane season on June 1st, nothing happened. I
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HRTG
News
- Heritage Insurance Holdings, Inc. (NYSE: HRTG) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Heritage Insurance Stock Gains 81% YTD: Should You Buy Now or Hold? [Yahoo! Finance]Yahoo! Finance
- Heritage Insurance Holdings Inc (HRTG) Q3 2024 Earnings Call Highlights: Strong Revenue Growth ... [Yahoo! Finance]Yahoo! Finance
- Results: Heritage Insurance Holdings, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates [Yahoo! Finance]Yahoo! Finance
- Heritage Insurance Holdings, Inc. (NYSE: HRTG) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
HRTG
Earnings
- 11/6/24 - Beat
HRTG
Sec Filings
- 11/12/24 - Form 4
- 11/8/24 - Form 10-Q
- 11/8/24 - Form SC
- HRTG's page on the SEC website