Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Heritage Insurance Holdings Inc before investing.

In this article, we go over a few key elements for understanding Heritage Insurance Holdings Inc’s stock price such as:

• Heritage Insurance Holdings Inc’s current stock price and volume
• Why Heritage Insurance Holdings Inc’s stock price changed recently
• Upgrades and downgrades for HRTG from analysts
• HRTG’s stock price momentum as measured by its relative strength

About Heritage Insurance Holdings Inc (HRTG)

Before we jump into Heritage Insurance Holdings Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Heritage Insurance Holdings, Inc. is a property and casualty insurance holding company. The Company primarily provides personal and commercial residential insurance through its insurance company subsidiaries. It is vertically integrated and controls or manages substantially all aspects of insurance underwriting, customer service, actuarial analysis, distribution and claims processing and adjusting. Its subsidiaries include Heritage Property & Casualty Insurance Company (Heritage P&C;), which provides personal and commercial residential property insurance and commercial general liability insurance; Narragansett Bay Insurance Company (NBIC), which provides personal and commercial residential property insurance, and Zephyr Insurance Company (Zephyr), which provides personal residential and wind-only property insurance in Hawaii. The Company provides personal residential insurance in approximately 14 eastern and gulf states and commercial residential insurance in three of those states.

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Heritage Insurance Holdings Inc’s Stock Price as of Market Close

As of August 20, 2024, 4:00 PM, CST, Heritage Insurance Holdings Inc’s stock price was $14.14.

Heritage Insurance Holdings Inc is down 6.54% from its previous closing price of $15.13.

During the last market session, Heritage Insurance Holdings Inc’s stock traded between $14.25 and $15.27. Currently, there are 30.65 million shares of Heritage Insurance Holdings Inc stock available for purchase.

Heritage Insurance Holdings Inc’s price-earnings (P/E) ratio is currently at 7.8, which is low compared to the Insurance - Property & Casualty industry median of 13.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Heritage Insurance Holdings Inc Stock Price History

Heritage Insurance Holdings Inc’s (HRTG) price is currently up 76.97% so far this month.

During the month of August, Heritage Insurance Holdings Inc’s stock price has reached a high of $15.40 and a low of $6.81.

Over the last year, Heritage Insurance Holdings Inc has hit prices as high as $15.27 and as low as $4.28. Year to date, Heritage Insurance Holdings Inc’s stock is up 685.56%.

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What Caused Heritage Insurance Holdings Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 19, 2024, there were 0 analysts who downgraded Heritage Insurance Holdings Inc’s stock and 3 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Heritage Insurance Holdings Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Heritage Insurance Holdings Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Heritage Insurance Holdings Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Heritage Insurance Holdings Inc (HRTG) by visiting AAII Stock Evaluator.

Relative Price Strength of Heritage Insurance Holdings Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 19, 2024, Heritage Insurance Holdings Inc has a weighted four-quarter relative price strength of 32.23%, which translates to a Momentum Score of 97 and is considered to be Very Strong.

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Heritage Insurance Holdings Inc Stock Price: Bottom Line

As of August 20, 2024, Heritage Insurance Holdings Inc’s stock price is $14.14, which is down 6.54% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Heritage Insurance Holdings Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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