Heritage Insurance Hldgs Inc (HRTG) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Heritage Insurance Hldgs Inc stock $43.46, price $33.22, upside +30.8%, quality 75 out of 100. Rating: undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $1.32 – $37.70 · fair‑value band $32.79 – $62.83 · the $33.22 price screens below the $43.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products.
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It 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; and commercial residential property insurance in Florida, Hawaii, New Jersey, and New York.
The company also provides homeowners insurance, condo insurance, dwelling fire, equipment coverage, and artisan contractor program. It offers insurance products through a network of independent agents. The company was founded in 2012 and is headquartered in Tampa, Florida.
Stock analysis
Heritage Insurance Hldgs Inc (HRTG) currently trades at $33.22, while our model-based Fair Value estimate is $43.46, implying the stock looks roughly 24% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $50.27 per share, and 2 of the 6 models we run sit above the $33.22 price.
Bear case: the Asset-Based group reads lowest at $9.25, and 4 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $32.79 (bear) to $62.83 (bull), the price of $33.22 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 75/100 (high quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Heritage Insurance Hldgs Inc reported revenue of $847M in FY2025 versus $632M in FY2021, a compound +7.6%/yr. Reported net income was $196M in FY2025.
Key figures
Market cap $999M Small · P/E ratio 4.7 · P/S ratio 1.17 · EPS (TTM) $7.09 · Net margin 25.2% · Return on equity 45.3% · Return on assets (EBIT) 1.4% (5-year average) · Operating margin 39.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 82 out of 100 (medium confidence).
What moves the price
The share trades about 12% below its 52-week high and 59% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −29% fair-value upside, at 31%, HRTG screens cheaper than that median.
Fair Value models
Bear$32.79Fair Value $43.46Bull$62.83
Price $33.22 · Upside +30.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($6.06 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, one officer or director bought shares worth $376,950, on May 19, 2026. Over the same period, 5 people sold shares worth $3.3M.
SaleTimothy E JohnsOfficer3× since Aug 19, 2026: 10,500 shares, avg. $34.78$365,156Oct 19, 202610b5-1 plan
SaleErnie J GarateixChief Executive Officer, Director14× since Nov 11, 2025: 110,004 shares, avg. $29.29$3.2MSep 14, 2026
SaleSharon BinnunChief Accounting Officer8× since Mar 17, 2026: 69,658 shares, avg. $28.80$2.0MSep 9, 2026
SaleKirk LuskChief Financial Officer2× since Dec 2, 2025: 18,331 shares, avg. $31.46$576,618Aug 17, 2026
SaleTimothy MouraOfficer3× since Mar 19, 2026: 94,727 shares, avg. $27.11$2.6MAug 10, 2026
BuyPaul L WhitingDirector16,000 shares at $23.56$376,950May 19, 2026
SaleRichard A WiddicombeDirector50,000 shares at $29.40$1.5MNov 18, 202510b5-1 plan
Plus 5 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+3.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.4%
Start year 2020 (pandemic). Over 10 years: +7.9% a year
Revenue growth 13 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+47.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+58.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+58.2%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.57.3% vs 13.2%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.0% → 31%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−27.6%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −29.2% a year for the price and +0.3% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Insurance - Property & Casualty · 100 stocks
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Is Heritage Insurance Hldgs Inc (HRTG) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $43.46 versus a price of $33.22, about +31% upside (undervalued).
What is the fair value of HRTG?
Our model-based fair value for Heritage Insurance Hldgs Inc is $43.46 (as of Nov 8, 2026), built from audited fundamentals. The current price: $33.22.
What is the quality score of HRTG?
Heritage Insurance Hldgs Inc has a Quality Score of 75/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Heritage Insurance Hldgs Inc (HRTG)?
Our model-based price target is the fair value of $43.46 (as of Nov 8, 2026) from 6 valuation models. Cautious scenario $32.79, optimistic scenario $62.83. It is a calculation from audited fundamentals, not an analyst target.
What is the Heritage Insurance Hldgs Inc stock forecast for 2026?
Our models put fair value at $43.46, about +31% upside versus a price of $33.22 (undervalued). Cautious scenario $32.79, optimistic scenario $62.83. The calculation is refreshed regularly with new filings.
What is the revenue of Heritage Insurance Hldgs Inc (HRTG)?
Heritage Insurance Hldgs Inc reported trailing-twelve-month revenue of about $855M (latest available figure, as of Nov 8, 2026).
What growth is priced into Heritage Insurance Hldgs Inc (HRTG)?
For today's price to be fair in a discounted-cash-flow model, Heritage Insurance Hldgs Inc would have to grow free cash flow by -27.6 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.4 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of HRTG use?
Our models discount Heritage Insurance Hldgs Inc at 11.0 %: a base by market capitalisation (small), damped by beta 0.92, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Heritage Insurance Hldgs Inc that is -27.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Heritage Insurance Hldgs Inc (HRTG) delivered so far?
Over the past 5 years revenue at Heritage Insurance Hldgs Inc grew +7.4 % a year. The price currently implies free-cash-flow growth of -27.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Heritage Insurance Hldgs Inc (HRTG) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Heritage Insurance Hldgs Inc (-27.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Heritage Insurance Hldgs Inc (HRTG)?
The free-cash-flow yield on the price is 17.43 %: that much free cash flow Heritage Insurance Hldgs Inc produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Heritage Insurance Hldgs Inc (HRTG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Heritage Insurance Hldgs Inc it is $43.46 per share (as of Nov 8, 2026), against a price of $33.22. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Heritage Insurance Hldgs Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, HRTG trades below its calculated fair value: price $33.22, fair value $43.46, a gap of about +31% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HRTG?
No. The price is what the market pays today ($33.22); the fair value is what the company's own numbers justify ($43.46). For Heritage Insurance Hldgs Inc the two are $10.24 per share apart. That gap is exactly why we show both numbers side by side.
How much is Heritage Insurance Hldgs Inc worth?
The market values Heritage Insurance Hldgs Inc at about $999M (market capitalisation, as of Nov 8, 2026). Per share that is $33.22; our models calculate a fair value of $43.46 per share.
What do the bullish and bearish scenarios say about HRTG?
Our models span a range for Heritage Insurance Hldgs Inc: cautious scenario $32.79, base $43.46, optimistic $62.83 per share (as of Nov 8, 2026, price $33.22). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HRTG?
Heritage Insurance Hldgs Inc trades at a price-to-earnings ratio of 4.7 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $43.46 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2016 to 2025), reported earnings, FY2023, FY2024, FY2025 ex one-offs: 13.5. Other multiples: P/B 2.0, P/S 1.2, EV/EBITDA 1.5.
How solid is the balance sheet of Heritage Insurance Hldgs Inc (HRTG)?
Balance-sheet figures for Heritage Insurance Hldgs Inc (as of Nov 8, 2026): return on equity 45.3%, debt of 0.01 per unit of equity. They feed the Quality Score of 75/100, which measures business quality independently of the share price.
How far is HRTG from its 52-week high?
Heritage Insurance Hldgs Inc trades at $33.22, about 12% below its 52-week high of $37.70 and 59% above the low of $20.88 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $43.46 is for.
Which stocks are comparable to Heritage Insurance Hldgs Inc?
From the same area (Financial Services) we also value Chubb Limited, The Progressive Corporation, The Travelers Companies, Inc, The Allstate Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Heritage Insurance Hldgs Inc stock attractive at the current price?
The data as of Nov 8, 2026: price $33.22, calculated fair value $43.46 (+31%), Quality Score 75/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HRTG calculated?
We run Heritage Insurance Hldgs Inc through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $43.46 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Heritage Insurance Hldgs Inc currently trades 24% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Heritage Insurance Hldgs Inc (HRTG)?
The closing price on Nov 6, 2026 was $33.22. Our model-based fair value is $43.46, about +31% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Heritage Insurance Hldgs Inc right now?
The rarer combination: high quality (75/100) AND below fair value. That earns a closer look rather than a quick verdict. A fairly wide model range ($32.79 to $62.83) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Heritage Insurance Hldgs Inc (HRTG) come from?
Earnings per share at Heritage Insurance Hldgs Inc grew +6.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.1 %, EBIT margin −5.1 %, tax rate +2.4 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Heritage Insurance Hldgs Inc
How large is the market capitalisation of Heritage Insurance Hldgs Inc (HRTG)?
The market capitalisation of Heritage Insurance Hldgs Inc is $999M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Heritage Insurance Hldgs Inc (HRTG)?
The price-to-sales ratio of Heritage Insurance Hldgs Inc is 1.17 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Heritage Insurance Hldgs Inc (HRTG)?
Earnings per share at Heritage Insurance Hldgs Inc are $7.09 (price ÷ EPS = P/E 4.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Heritage Insurance Hldgs Inc (HRTG)?
The net margin of Heritage Insurance Hldgs Inc is 25.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Heritage Insurance Hldgs Inc (HRTG)?
The return on equity (ROE) of Heritage Insurance Hldgs Inc is 45.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Heritage Insurance Hldgs Inc (HRTG)?
On an EBIT basis the return on assets of Heritage Insurance Hldgs Inc is 1.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Heritage Insurance Hldgs Inc (HRTG)?
The operating margin of Heritage Insurance Hldgs Inc is 39.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Heritage Insurance Hldgs Inc (HRTG)?
Revenue at Heritage Insurance Hldgs Inc is growing +3.0% versus a year earlier (3y avg +8.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Heritage Insurance Hldgs Inc (HRTG)?
Earnings per share at Heritage Insurance Hldgs Inc are growing +32.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Heritage Insurance Hldgs Inc (HRTG) hold?
Heritage Insurance Hldgs Inc holds more cash than debt, $459M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 8, 2026