Heritage Insurance downgraded by Piper Sandler with a new price target
$HRTG
Property-Casualty Insurers
Finance
Piper Sandler downgraded Heritage Insurance from Overweight to Neutral and set a new price target of $2.20 from $4.30 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/9/2024 | $9.00 → $13.00 | Neutral → Overweight | Piper Sandler |
| 3/13/2024 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 2/13/2023 | $4.30 → $2.20 | Overweight → Neutral | Piper Sandler |
| 10/15/2021 | $14.00 → $12.00 | Market Outperform | JMP Securities |
Piper Sandler upgraded Heritage Insurance from Neutral to Overweight and set a new price target of $13.00 from $9.00 previously
JMP Securities downgraded Heritage Insurance from Mkt Outperform to Mkt Perform
Piper Sandler downgraded Heritage Insurance from Overweight to Neutral and set a new price target of $2.20 from $4.30 previously
The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. The inclusion into the index took effect at the opening of the U.S. equity markets on Monday July 1, 2024.
The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Heritage Insurance Holdings Inc (NYSE:HRTG) On May 1, Heritage Insurance Holdings reported worse-than-expected first-quarter EP
TAMPA, Fla., Nov. 6, 2024 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE:HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, today reported third quarter of 2024 financial results. Third Quarter 2024 Result Highlights Net income of $8.2 million or $0.27 per diluted share, improved from net loss of ($7.4) million or ($0.28) per diluted share in the prior year quarterGross premiums earned of $354.2 million, up 5.1% from $337.0 million in the prior year quarterNet premiums earned of $198.8 million, up 12.6% from $176.6
TAMPA, Fla., Oct. 22, 2024 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, today announced estimated losses for Hurricanes Debby, Helene, and Milton. Ernie Garateix, CEO at Heritage, commented, "Our thoughts are with those impacted by the devastating hurricanes that have ravaged so many communities across the southeast. This has been a difficult storm season leaving millions with significant damage and loss. At Heritage, we are working tirelessly to support our clai
TAMPA, Fla., Aug. 6, 2024 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE:HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, today reported second quarter of 2024 financial results. Second Quarter 2024 Result Highlights Net income of $18.9 million or $0.61 per diluted share, improved from net income of $7.8 million or $0.30 per diluted share in the prior year quarter.Gross premiums earned of $350.1 million, up 6.1% from $330.0 million in the prior year quarter.Net premiums earned of $190.3 million, up 7.6% from $176.
TAMPA, Fla., Nov. 6, 2024 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE:HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, today reported third quarter of 2024 financial results. Third Quarter 2024 Result Highlights Net income of $8.2 million or $0.27 per diluted share, improved from net loss of ($7.4) million or ($0.28) per diluted share in the prior year quarterGross premiums earned of $354.2 million, up 5.1% from $337.0 million in the prior year quarterNet premiums earned of $198.8 million, up 12.6% from $176.6
TAMPA, Fla., Oct. 22, 2024 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, today announced estimated losses for Hurricanes Debby, Helene, and Milton. Ernie Garateix, CEO at Heritage, commented, "Our thoughts are with those impacted by the devastating hurricanes that have ravaged so many communities across the southeast. This has been a difficult storm season leaving millions with significant damage and loss. At Heritage, we are working tirelessly to support our clai
TAMPA, Fla., Aug. 6, 2024 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE:HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, today reported second quarter of 2024 financial results. Second Quarter 2024 Result Highlights Net income of $18.9 million or $0.61 per diluted share, improved from net income of $7.8 million or $0.30 per diluted share in the prior year quarter.Gross premiums earned of $350.1 million, up 6.1% from $330.0 million in the prior year quarter.Net premiums earned of $190.3 million, up 7.6% from $176.
8-K - Heritage Insurance Holdings, Inc. (0001598665) (Filer)
8-K - Heritage Insurance Holdings, Inc. (0001598665) (Filer)
10-Q - Heritage Insurance Holdings, Inc. (0001598665) (Filer)
SC 13G/A - Heritage Insurance Holdings, Inc. (0001598665) (Subject)
SC 13G/A - Heritage Insurance Holdings, Inc. (0001598665) (Subject)
SC 13G - Heritage Insurance Holdings, Inc. (0001598665) (Subject)
4 - Heritage Insurance Holdings, Inc. (0001598665) (Issuer)
4 - Heritage Insurance Holdings, Inc. (0001598665) (Issuer)
4 - Heritage Insurance Holdings, Inc. (0001598665) (Issuer)
TAMPA, Fla., July 16, 2024 /PRNewswire/ -- Heritage Insurance Holdings Inc. (NYSE:HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, today announced its inclusion in the Russell 3000® Index, as confirmed by the reconstitution information posted on the FTSE Russell website. The inclusion into the index took effect at the opening of the U.S. equity markets on Monday July 1, 2024. "We are pleased to join the esteemed Russell indexes," said Ernie Garateix, Chief Executive Officer of Heritage Insurance. "Our re-inclusion reflects
TAMPA, Fla., March 9, 2023 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE:HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, today announced the appointment of Paul Whiting to the Company's Board of Directors, effective immediately, to fill a recent vacancy. "We are honored to welcome Paul to Heritage's Board of Directors and look forward to his contributions," said Richard Widdicombe, Heritage Chair of the Board of Directors. "Paul's wealth of public company experience makes him a valuable addition to our Board as
4 - Heritage Insurance Holdings, Inc. (0001598665) (Issuer)
4 - Heritage Insurance Holdings, Inc. (0001598665) (Issuer)
4 - Heritage Insurance Holdings, Inc. (0001598665) (Issuer)