HRTG
Heritage Insurance Holdings, Inc.
HRTG's fundamentals are strong: its operating margin rose 9 points to 34% and earnings per share grew 47%. At 4.7x earnings, it's trading below its usual 6.8x. Analysts expect earnings to decline.
HRTG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
HRTG's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like HRTG.
HRTG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.7x | $33.51 | 0% |
| Current | 4.7x | $33.50 | — |
| Fair | 6.7x | $47.72 | +42% |
| Forward | 7.1x | $33.50 | — |
| Expensive | 13x | $91.25 | +172% |
Historical ranges are pointers, not guarantees.
HRTG's PE is in its cheap range at 4.7x. Analysts expect earnings to fall, which would put today's price at 7.1x next year's earnings, in its fair range.
HRTG Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Decline | |
| Stable | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect HRTG's earnings and profitability to decline, with its revenue holding steady.
HRTG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.72 | -34% |
| Q3 2026 | $7.11 | +47% |
| Q2 2026 | $7.02 | +102% |
| Q1 2026 | $6.52 | +158% |
| Q4 2025 | $6.32 | +214% |
| Q3 2025 | $4.83 | +93% |
| Q2 2025 | $3.47 | +78% |
| Q1 2025 | $2.53 | +54% |
| Q4 2024 | $2.01 | +17% |
HRTG's earnings per share have climbed steadily: $7.11 over the past year, up 47% from the year before, and higher year over year for 14 quarters in a row.
HRTG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $219.2M | +3.2% |
| Q2 2026 | $214.2M | +3% |
| Q1 2026 | $212.7M | +0.5% |
| Q4 2025 | $215.3M | +2.4% |
| Q3 2025 | $212.5M | +0.3% |
| Q2 2025 | $208M | +2.2% |
| Q1 2025 | $211.5M | +11% |
| Q4 2024 | $210.3M | +12% |
HRTG's revenue has grown year over year for 16 quarters in a row: $219M last quarter, up 3.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 32% | -1.5 points |
| Q2 2026 | 39% | +8 points |
| Q1 2026 | 24% | +3.8 points |
| Q4 2025 | 42% | +27 points |
| Q3 2025 | 33% | +28 points |
| Q2 2025 | 31% | +18 points |
| Q1 2025 | 20% | +8.2 points |
| Q4 2024 | 15% | -4.3 points |
HRTG's operating margin was 32% last quarter, down 1.5 points from the same quarter a year ago.
HRTG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $9.5M | -92% |
| Q2 2026 | $141M | +238% |
| Q1 2026 | $23M | +$24.3M |
| Q4 2025 | $10.9M | +$69.6M |
| Q3 2025 | $122.7M | +$139.1M |
| Q2 2025 | $41.8M | -72% |
| Q1 2025 | -$1.3M | -131% |
| Q4 2024 | -$58.6M | -160% |
HRTG's free cash flow was $184M over the past year, up 76% from the year before. Free cash flow isn't a meaningful measure for financial services companies like HRTG.
HRTG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -292K shares |
| 1 year | -4% | -1.2M shares |
| 3 years | +12% | +3.1M shares |
| 5 years | +6.6% | +1.8M shares |
| Available history | +1.9% | +552K shares |
HRTG has 30M diluted shares, down 4% from a year ago, with $26M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.7M |
| Q2 2026 | $14.6M |
| Q1 2026 | $10M |
| Q4 2025 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
HRTG spent $26M buying back its own shares over the past year.
HRTG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.5x | Net Cash |
| Q2 2026 | -1.7x | Net Cash |
| Q1 2026 | -1.6x | Net Cash |
| Q4 2025 | -1.8x | Net Cash |
| Q3 2025 | -2.2x | Net Cash |
| Q2 2025 | -2.4x | Net Cash |
| Q1 2025 | -2.7x | Net Cash |
| Q4 2024 | -3.3x | Net Cash |
HRTG has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like HRTG.
HRTG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.9 | Neutral |
| Stochastic | 50.1 | Neutral |
HRTG's weekly RSI is 57 (neutral) and its Stochastic is 50 (neutral).
HRTG PE vs Financial Services Sector
| Metric | HRTG | Sector median | Relative |
|---|---|---|---|
| PE | 4.7x | 13x | 64% below |
| PE % | 16 | 63 | 47 pts below |
HRTG is trading at 4.7x earnings, a 64% discount to the Financial Services sector's median of 13x.
HRTG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $34.6 | 3.3% below |
| 20 week MA | $32.7 | 2.5% above |
| 50 week MA | $28.6 | 17% above |
| 100 week MA | $24.3 | 38% above |
| 200 week MA | $15.8 | 113% above |
HRTG's trend is up, with a small recent dip: it's below only its 8-week average, and 113% above its 200-week average.
HRTG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.4 | $10.1 | -24% |
| 2021 | $10.1 | $5.91 | -42% |
| 2022 | $5.91 | $1.85 | -69% |
| 2023 | $1.85 | $6.52 | +252% |
| 2024 | $6.52 | $12.1 | +85% |
| 2025 | $12.1 | $29.0 | +141% |
| 2026 YTD | $29.0 | $33.5 | +16% |
HRTG's yearly returns have swung widely, from +252% in 2023 to −69% in 2022. It's up 16% so far in 2026.