HRTG
Financial ServicesHeritage Insurance Holdings, Inc. · Insurance - Property & Casualty · $690M
What is Heritage Insurance Holdings, Inc.?
Heritage Insurance Holdings is a Tampa-based specialty insurer focused on residential property coverage across more than a dozen U.S. states. Founded in 2014, the company serves both individual homeowners and commercial residential property owners through a broad network of independent agents.
Heritage writes personal and commercial residential property insurance policies, covering single-family homes, condominiums, rental properties, and wind-only exposures. The company distributes policies through roughly 1,500 retail locations via wholesale agency relationships and approximately 70 independent agencies. Beyond underwriting, Heritage also provides restoration, emergency and recovery services, property management, and reinsurance services — giving it a broader footprint than a pure-play insurer.
Heritage Insurance Holdings was founded in 2014 and is headquartered in Tampa, Florida.
- Personal residential property insurance for homeowners and condo owners
- Commercial residential insurance in Florida, New Jersey, and New York
- Wind-only and rental property insurance products
- Restoration, emergency, and recovery services
- Reinsurance and property management services
Is HRTG a Good Stock to Buy?
UQS Score rates HRTG as Good overall, reflecting a mixed but noteworthy profile for a small-cap regional insurer.
The Quality and Risk pillars both come in as Strong — suggesting the business is generating returns in a disciplined way and managing its exposure profile better than many peers in the catastrophe-prone residential insurance space. The Valuation pillar is rated Attractive, meaning the stock does not appear stretched relative to its fundamentals.
The Moat and Growth pillars are both rated Weak, pointing to limited competitive differentiation and constrained near-term expansion prospects — a common challenge for regional property insurers operating in high-risk geographies.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does HRTG pay dividends?
No — Heritage Insurance Holdings, Inc. does not currently pay a dividend.
Heritage Insurance Holdings does not currently pay a dividend. For a company operating in a capital-intensive, catastrophe-exposed insurance market, retaining earnings to support reinsurance programs and reserve adequacy is a common and prudent approach. Investors seeking income should factor this into their assessment of HRTG.
When does HRTG report earnings?
Heritage Insurance Holdings reports earnings on a quarterly cadence, consistent with standard practice for U.S.-listed financial services companies.
The company's Strong Quality and Risk pillar ratings suggest its recent operating results have held up relative to sector peers, even amid ongoing pressure from catastrophe losses and reinsurance cost inflation. Trends in underwriting discipline and expense management are key factors to watch each quarter.
For the most recent quarter's results and guidance, visit Heritage Insurance Holdings' investor relations page directly.
HRTG Price History
+240.3% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Heritage Insurance Holdings, Inc.?
Based on Heritage Insurance Holdings, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
HRTG Long-term Outlook
Heritage's Weak Growth pillar signals that meaningful top-line expansion is not the primary near-term story. However, the combination of Strong Risk and Strong Quality pillars suggests the company is positioned to sustain profitability rather than chase volume. The Attractive Valuation rating indicates the market may not be fully pricing in the quality of the underlying business. The primary uncertainty remains the catastrophe environment and reinsurance market dynamics.
Growth drivers
- Geographic diversification beyond Florida reducing concentration risk
- Disciplined underwriting potentially improving loss ratios over time
- Ancillary services such as restoration and property management adding revenue streams
Key risks
- Elevated catastrophe exposure in coastal and hurricane-prone states
- Reinsurance cost inflation compressing underwriting margins
- Weak Moat rating reflecting limited pricing power versus larger national carriers
HRTG vs Peers
Heritage Insurance Holdings operates in a competitive regional insurance market alongside several specialty and technology-driven peers.
Bowhead focuses on specialty and excess-and-surplus lines, targeting a different risk segment than Heritage's residential property concentration.
Root pursues a technology-first, telematics-driven auto insurance model — a fundamentally different distribution and underwriting approach compared to Heritage's agent-network model.
Universal Insurance is Heritage's closest direct peer, also writing personal residential property insurance in Florida and other coastal states through independent agents.
Frequently Asked Questions
What does Heritage Insurance Holdings do?
Heritage Insurance Holdings provides personal and commercial residential property insurance across more than a dozen U.S. states. It covers single-family homes, condominiums, rental properties, and wind-only exposures. The company also offers restoration services, property management, and reinsurance, distributing policies through a wide network of independent and wholesale agents.
Does HRTG pay dividends?
No, Heritage Insurance Holdings does not currently pay a dividend. The company retains capital to support its reinsurance programs and reserve requirements — a common approach for property insurers operating in catastrophe-exposed markets. Income-focused investors should take this into account.
When does HRTG report earnings?
Heritage Insurance Holdings follows a standard quarterly reporting cadence for U.S.-listed companies. For the exact timing of upcoming earnings releases, check the company's investor relations page or your brokerage's earnings calendar.
Is HRTG a good stock to buy?
UQS Score rates HRTG as Good overall. The Quality and Risk pillars are both Strong, and Valuation is Attractive — a combination that may interest value-oriented investors. However, Weak Moat and Growth ratings highlight real limitations. The complete pillar breakdown is available to UQS Pro members.
Is HRTG overvalued?
Based on the UQS Valuation pillar, HRTG is rated Attractive — meaning the stock does not appear overpriced relative to its fundamentals. That said, valuation alone does not determine investment outcomes; the Weak Growth and Moat ratings are important context for any valuation assessment.
How does HRTG compare to its competitors?
Among its closest peers, Universal Insurance Holdings is the most direct comparison as a Florida-focused residential property insurer. Bowhead Specialty targets excess-and-surplus lines, while Root operates a technology-driven auto insurance model. Heritage differentiates through its multi-state footprint and ancillary services like restoration and property management.
What is HRTG's market cap bracket?
Heritage Insurance Holdings is classified as a small-cap company. This places it in a segment of the market that can offer growth potential but also carries higher volatility and liquidity risk compared to large- or mega-cap insurers.
Who founded Heritage Insurance Holdings?
Heritage Insurance Holdings was founded in 2014. For detailed information on the company's founders and early history, the company's investor relations materials and public filings are the most reliable sources.
Is HRTG a long-term quality indicator?
The UQS framework evaluates long-term quality through five pillars. HRTG's Strong Quality and Risk ratings suggest a degree of operational durability, while Weak Moat and Growth ratings raise questions about sustained competitive advantage over time. Pro members can view the full pillar detail to form their own long-term view.
What is the main competitive advantage of Heritage Insurance Holdings?
Heritage's UQS Moat pillar is rated Weak, indicating limited structural competitive advantage relative to peers. Its relative strengths lie in geographic diversification across more than fifteen states and its multi-channel distribution network — though these do not yet translate into a durable moat by UQS criteria.
What sector does HRTG belong to?
Heritage Insurance Holdings operates in the Financial Services sector, specifically within the property and casualty insurance industry. It focuses on residential property coverage, making it sensitive to catastrophe loss trends, reinsurance pricing, and regional regulatory environments.
Is HRTG a growth stock or value stock?
Based on UQS pillar ratings, HRTG leans toward the value side of the spectrum. The Valuation pillar is Attractive while the Growth pillar is Weak — a profile more consistent with a value-oriented holding than a high-growth opportunity. Investors should weigh both signals together.
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Pro Analysis
HRTG — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 63.0 | 96.6 | 33.0 | 27.1 | 68.1 | 100.0 | -0.4 |
| May 12, 2026 | 63.4 | 96.6 | 33.0 | 32.4 | 63.6 | 100.0 | -4.6 |
| Apr 2, 2026 | 68.0 | 93.0 | 33.0 | 32.4 | 100.0 | 100.0 | — |
HRTG — Pillar Breakdown
Quality
— 96.6/100 (25%)Heritage Insurance Holdings, Inc. demonstrates outstanding capital efficiency and profitability, placing it among the highest-quality businesses in the market.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 27.1/100 (20%)Heritage Insurance Holdings, Inc. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 68.1/100 (15%)Heritage Insurance Holdings, Inc. maintains a reasonable risk profile with manageable debt levels.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 100.0/100 (15%)Heritage Insurance Holdings, Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
Enterprise value multiple relative to sector median.
Moat
— 33/100 (25%)Heritage Insurance Holdings, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for HRTG.
Score Composition
Financial Data
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How is the HRTG UQS Score Calculated?
The UQS (Unified Quality Score) for Heritage Insurance Holdings, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Heritage Insurance Holdings, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Heritage Insurance Holdings, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.