Heritage Insurance Holdings

HRTG · NYSE

$36.98+$1.05 (+2.92%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $35.93

HRTG analyst rating

BuyConsensus of 3 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy2
Hold1
Underperform0
Sell0

12-month price target · 4 analysts

Average $39.78 (+7.6% upside)

Low: $36.36
Now: $36.98
High: $44.10

Upgrades and downgrades

The latest rating actions, newest first

HRTG analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Raymond James	Oct 16, 2026	Initiates	Market Perform	—	71%
Truist Securities	Aug 7, 2026	Maintains	Buy	$36.00 → $42.00	68%
Piper Sandler	Jul 15, 2026	Maintains	Overweight	$27.00 → $31.00	73%
Truist Securities	May 11, 2026	Maintains	Buy	$39.00 → $36.00	68%
Truist Securities	Mar 10, 2026	Maintains	Buy	$37.00 → $39.00	68%
Truist Securities	Nov 7, 2025	Maintains	Buy	$35.00 → $37.00	68%

The case for and against

Updated Aug 26, 2026

Bull case

Heritage Insurance Hldgs is strategically positioned for sustained growth with a 73% increase in book value per share over the last year and solid statutory surplus reserves of $393 million. With a focus on expansion into new residential segments and increased distribution capabilities, the company is well-positioned to take advantage of the shifting regulatory environment in Florida. Furthermore, the high levels of reinsurance provide a cushion in case of storms. The stock is currently trading at a discount compared to its specialty P&C peers, and we rate it a Buy with a price target of $39.

Bear case

Heritage Insurance Hldgs is a regional insurance company that has been facing competitive pricing pressure in the Florida market, resulting in a decline in policy count and premiums-in-force. Although the company has expanded its product offerings to other states, it still faces headwinds in its commercial residential segment. Additionally, the company's growth and expansion are heavily reliant on the unique regulatory environment in Florida, which could change in the future. Furthermore, a major storm could significantly impact the company's reinsurance costs, putting pressure on its bottom line and stock price.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.