Heritage Insurance (NYSE:HRTG) Posts Quarterly Earnings Results, Beats Expectations By $0.83 EPS

Posted by Nicole Kennedy on Mar 11th, 2025

Heritage Insurance (NYSE:HRTG – Get Free Report) posted its earnings results on Tuesday. The insurance provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.83, Zacks reports. Heritage Insurance had a net margin of 9.10% and a return on equity of 29.17%.

Heritage Insurance Trading Up 4.8 %

Shares of HRTG traded up $0.54 during trading hours on Tuesday, hitting $11.84. 212,778 shares of the stock traded hands, compared to its average volume of 165,470. The business has a fifty day moving average of $11.56 and a 200-day moving average of $12.33. The firm has a market capitalization of $363.27 million, a PE ratio of 4.74 and a beta of 1.00. Heritage Insurance has a 1-year low of $6.14 and a 1-year high of $16.90. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42.

Heritage Insurance announced that its board has authorized a share repurchase program on Monday, December 9th that permits the company to buyback $10.00 million in shares. This buyback authorization permits the insurance provider to reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Separately, StockNews.com raised Heritage Insurance from a “buy” rating to a “strong-buy” rating in a research note on Monday.

Check Out Our Latest Analysis on HRTG

Heritage Insurance Company Profile

(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.