Are You Looking for a Top Momentum Pick? Why Heritage Insurance (HRTG) is a Great Choice
Does Heritage Insurance (HRTG) have what it takes to be a top stock pick for momentum investors? Let's find out.
Are Investors Undervaluing Heritage Insurance (HRTG) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Heritage Insurance Holdings, Inc. (HRTG) Q2 2024 Earnings Call Transcript
Heritage Insurance Holdings, Inc. (NYSE:HRTG ) Q2 2024 Earnings Conference Call August 7, 2024 9:00 AM ET Company Participants Kirk Lusk - Chief Financial Officer Ernie Garateix - Chief Executive Officer Conference Call Participants Paul Newsome - Piper Sandler Mark Hughes - Truist Karol Chmiel - JMP Securities Operator Good morning and welcome to the Heritage Insurance Holdings' Second Quarter 2024 Earnings Call. [Operator Instructions].
Heritage Insurance (HRTG) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for Heritage Insurance (HRTG) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Heritage Insurance (HRTG) Q2 Earnings and Revenues Beat Estimates
Heritage Insurance (HRTG) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.32 per share a year ago.
Hidden Gems: 3 Under-$10 Stocks Poised for 500% Growth by 2025
The ability to recognize possibilities while investing can frequently be the difference between stagnation and growth in an unstable and changing economic environment. Here are three exciting stocks in technology, insurance, and medicines.
3 Under-$10 Stocks Set for Monumental Gains by 2026
These three stocks, all under $10, have a good chance of making enormous profits by 2026. Every business has unique advantages and strategic plans that set them up for substantial value growth.
Financial Comparison: Heritage Insurance (NYSE:HRTG) and American International Group (NYSE:AIG)
American International Group (NYSE:AIG – Get Free Report) and Heritage Insurance (NYSE:HRTG – Get Free Report) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their analyst recommendations, institutional ownership, dividends, risk, profitability, valuation and earnings. Risk and Volatility American International Group has a beta of 1.02, suggesting that its stock price is 2% more volatile than the S&P 500. Comparatively, Heritage Insurance has a beta of 0.92, suggesting that its stock price is 8% less volatile than the S&P 500. Valuation and Earnings This table compares American International Group and Heritage Insurance’s top-line revenue, earnings per share (EPS) and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio American International Group $46.80 billion 1.14 $3.64 billion $6.70 12.02 Heritage Insurance $735.50 million 0.39 $45.31 million $1.64 5.76 American International Group has higher revenue and earnings than Heritage Insurance. Heritage Insurance is trading at a lower price-to-earnings ratio than American International Group, indicating that it is currently the more affordable of the two stocks. Analyst Recommendations This is a breakdown of current ratings and target prices for American International Group and Heritage Insurance, as provided by MarketBeat.com. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score American International Group 0 8 8 0 2.50 Heritage Insurance 0 2 1 0 2.33 American International Group currently has a consensus target price of $81.06, indicating a potential upside of 0.65%. Heritage Insurance has a consensus target price of $9.00, indicating a potential downside of 4.66%. Given American International Group’s stronger consensus rating and higher possible upside, research analysts plainly believe American International Group is more favorable than Heritage Insurance. Profitability This table compares American International Group and Heritage Insurance’s net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets American International Group 9.98% 10.54% 0.93% Heritage Insurance 6.07% 24.02% 2.05% Insider and Institutional Ownership 90.6% of American International Group shares are owned by institutional investors. Comparatively, 59.0% of Heritage Insurance shares are owned by institutional investors. 0.6% of American International Group shares are owned by insiders. Comparatively, 11.9% of Heritage Insurance shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term. Summary American International Group beats Heritage Insurance on 11 of the 14 factors compared between the two stocks. About American International Group (Get Free Report) American International Group, Inc. offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance. This segment offers marine, energy-related property insurance, aviation, political risk, trade credit, trade finance, and portfolio solutions, as well as operates reinsurance business; voluntary and sponsor-paid personal accident, and supplemental health products; and personal auto and personal property insurance. Its Life and Retirement segment offers individual retirement products, including variable, fixed index, and fixed annuities, as well as retail mutual funds; group retirement products comprising record-keeping, plan administrative and compliance services, financial planning, and advisory solutions; life insurance, including term and universal life insurance; and institutional markets products, which includes wrap products, structured settlement, pension risk transfer annuities, corporate and bank-owned life insurance, high net worth, and guaranteed investment contract products. It distributes its products through a network of brokers, agents, advisors, banks, and other distributors. The company was founded in 1919 and is headquartered in New York, New York. About Heritage Insurance (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. It also provides restoration, emergency, and recovery services; property management, and reinsurance services; homeowners insurance products, including single-family, homeowners or duplex, and condominium owners; and dwelling fire insurance policies. In addition, the company provides personal line policies through a network of retail independent agents, wholesale agents, and a partnership with a direct agency, as well as distribute indirectly to retail locations through wholesale agency relationships. Further, it offers personal and commercial insurance policies through a network of independent agencies. The company was founded in 2012 and is headquartered in Tampa, Florida.
