HRTG

Shareholders in Heritage Insurance Holdings, Inc. (NYSE:HRTG) had a terrible week, as shares crashed 21% to US$22.41 in the week since its latest quarterly results. It looks like a pretty bad result, all things considered. Although revenues of US$213m were in line with analyst predictions, statutory earnings fell badly short, missing estimates by 21% to hit US$1.19 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Heritage Insurance Holdings after the latest results. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Following last week's earnings report, Heritage Insurance Holdings' three analysts are forecasting 2026 revenues to be US$856.1m, approximately in line with the last 12 months. Statutory earnings per share are forecast to tumble 36% to US$4.49 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$887.8m and earnings per share (EPS) of US$4.40 in 2026. So it's pretty clear that while sentiment around revenues has declined following the latest results, the analysts are now more bullish on the company's earnings power. View our latest analysis for Heritage Insurance Holdings There's been no real change to the average price target of US$35.00, with the lower revenue and higher earnings forecasts not expected to meaningfully impact the company's valuation over a longer timeframe. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Heritage Insurance Holdings, with the most bullish analyst valuing it at US$36.00 and the most bearish at US$34.00 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how fore...

Interested in Heritage Insurance Holdings, Inc.? Here are five stocks we like better. Heritage Insurance posted its most profitable first quarter as a public company, with Q1 2026 net income rising to $36.5 million, or $1.19 per share, helped by better underwriting, prior rate increases and lower weather-related losses. The company’s combined ratio improved to 81.0% from 84.5% a year earlier. Management is prioritizing disciplined growth rather than chasing underpriced business, saying Heritage has achieved rate adequacy in most geographies and is reopening for new business with a focus on margins. New business written jumped 62.7% year over year, and the company expects written premium growth to turn positive later in 2026. The balance sheet strengthened and shareholder returns increased, with book value per share up 61.5% year over year, debt-to-capital falling to 13%, and operating cash flow reaching $24.9 million. Heritage also approved a new $50 million share repurchase plan after buying back $12 million of stock year to date. Heritage Insurance (NYSE:HRTG) reported what management described as the most profitable first quarter in the company’s history as a public company, citing improved underwriting performance, prior rate actions and disciplined expense management. The property and casualty insurer posted first-quarter 2026 net income of $36.5 million, or $1.19 per diluted share, compared with $30.5 million, or $0.99 per diluted share, in the prior-year quarter. Chief Financial Officer Kirk Lusk said the quarter marked “the highest first-quarter earnings in our history,” despite weather losses in the Northeast and normal seasonality. → Rocket Lab Posts Record Q1 Revenue, Raises Q2 Guidance Chief Executive Officer Ernie Garateix said the quarter reflected a strategy the company has been executing for several years, focused on rate adequacy, tighter underwriting, reduced volatility and balance sheet protection. He said Heritage is now entering a new phase centered on reopening for new business, prudent growth and further diversification while maintaining acceptable margins. Heritage’s net loss ratio improved to 45.9% from 49.7% a year earlier. Lusk said the 3.8-point improvement was driven by lower net losses and loss adjustment expenses, lower weather losses, favorable attritional loss performance and higher favorable prior-year loss development. → Be...

TAMPA, Fla. (AP) — TAMPA, Fla. (AP) — Heritage Insurance Holdings Inc. (HRTG) on Thursday reported earnings of $36.5 million in its first quarter. The Tampa, Florida-based company said it had profit of $1.19 per share. The property and casualty insurance holding company posted revenue of $212.7 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HRTG at https://www.zacks.com/ap/HRTG

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management attributes the record first-quarter profitability to a multi-year strategy focused on rate adequacy, tightened underwriting, and reduced volatility. The company reported its lowest first-quarter net loss ratio since 2015, driven by favorable attritional loss performance and the full impact of prior rate actions. A strategic decision to reduce policy counts over the last five years has stabilized results and improved the overall quality of the book of business. Commercial residential in-force premiums declined 7.8% as the company refused to follow competitors offering what it considers inadequately priced products in Florida. Management is leveraging its commercial residential expertise to expand into new geographies like Hawaii where appropriate risk-adjusted returns are achievable. The company has achieved rate adequacy across 90% of its geographies, signaling a transition from defensive positioning to a phase of responsible growth. Technology and AI tools are being deployed to reduce manual effort, improve accuracy in decision-making, and align staffing needs with customer demands. Management expects a growth inflection in the coming quarters as the deliberate policy count reduction moderates and new business initiatives ramp up. Strategic expansion plans include entering the Texas market on an excess and surplus lines basis, focusing on coastal regions within existing risk tolerances. The company anticipates a decline in reinsurance costs in 2026 due to improved litigation environments in Florida and new capacity entering the market. Future growth is predicated on maintaining a 88% retention rate and pursuing opportunities that generate returns in excess of the cost of capital. Management remains optimistic that favorable reinsurance terms will eventually allow for premium reductions for policyholders while maintaining corporate margins. Catastrophe weather losses in the quarter were specifically tied to Northeast winter storms affecting New York, New Jersey, Rhode Island, and Connecticut. The company noted that while competition has increased, it believes many operators will struggle to manage the complexities of current market cycles. Management highlighted the positive impact of Florida tort...

TAMPA, Fla., May 7, 2026 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, today reported first quarter of 2026 financial results. First Quarter 2026 Result Highlights Heritage reported record first quarter net income of $36.5 million, an increase of 19.7% from net income of $30.5 million in the prior year quarter; and earnings per share of $1.19 per diluted share, an increase of 20.2% from $0.99 per diluted share in the prior year quarter. Gross and Net premiums earned were consistent with the prior year quarter. Net loss ratio improved 3.8 percentage points to 45.9%, from 49.7% in the prior year quarter. Net combined ratio improved by 3.5 percentage points to 81.0%, from 84.5% in the prior year quarter. Return on average equity of 28.5% with average equity up 65.5% from the prior year quarter. Book value per share increased 4.6% from year end 2025 and was up 61.5% from the first quarter of 2025. First quarter cash flow from operations of $24.9 million. Through the date of this earnings release, repurchased 446,884 shares of common stock during 2026 at a cost of $12.0 million. On track to start writing business in Texas on a surplus lines basis. Four new products rolled out in Q1 with six additional products slated to launch in the second half of 2026. Ernie Garateix, Heritage's CEO, commented, "Our first quarter was the most profitable first quarter for the Company since becoming public in 2014. Our net loss ratio was also the lowest delivered in a first quarter since 2015 even with $37 million of weather related losses in the quarter. These results were derived from the consistent application of our strategic profitability initiatives established several years ago that focused on rate adequacy and underwriting discipline, allocating capital to products and geographies that maximize long-term returns, and targeting a balanced and diversified portfolio." Mr. Garateix, continued, "As our strategic initiatives have taken hold, we have re-opened over 90% of our geographies as they have become rate adequate and through our disciplined underwriting program, the quality of the book of business has greatly improved. This strategy is delivering results with new business written rising 62.7% from the first quarter of 2025 and over 30.0% from fourth quarter o...

Heritage Insurance (HRTG) came out with quarterly earnings of $1.19 per share, missing the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $0.99 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -22.22%. A quarter ago, it was expected that this property and casualty insurance holding company would post earnings of $1.61 per share when it actually produced earnings of $2.15, delivering a surprise of +33.54%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Heritage Insurance, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $212.66 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 1.5%. This compares to year-ago revenues of $211.52 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Heritage Insurance shares have lost about 1.9% since the beginning of the year versus the S&P 500's gain of 7.6%. While Heritage Insurance has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Heritage Insurance was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in...

HCI Group (HCI) came out with quarterly earnings of $5.45 per share, beating the Zacks Consensus Estimate of $5.13 per share. This compares to earnings of $5.35 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +6.24%. A quarter ago, it was expected that this property and casualty insurance holding company would post earnings of $4.87 per share when it actually produced earnings of $7.25, delivering a surprise of +48.87%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. HCI Group, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $242.88 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 3.35%. This compares to year-ago revenues of $216.43 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. HCI Group shares have lost about 19.3% since the beginning of the year versus the S&P 500's gain of 6%. While HCI Group has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for HCI Group was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today...

RenaissanceRe Holdings Ltd. RNR reported first-quarter 2026 operating income of $13.75 per share, which surpassed the Zacks Consensus Estimate by 24.2%. The bottom line improved from the year-ago quarter’s operating loss of $1.49. Total operating revenues declined 16.6% year over year to $2.6 billion. The top line missed the consensus mark by 10.6%. The quarterly earnings were aided by a decline in expenses and strong underwriting performance in both segments. Improved combined ratio and fee income also contributed to the upside. However, the upside was partly offset by lower net premiums earned across both segments. RenaissanceRe Holdings Ltd. price-consensus-eps-surprise-chart | RenaissanceRe Holdings Ltd. Quote Gross premiums written of $3.5 billion tumbled 16.3% year over year and missed our estimate of $4 billion. Net premiums earned fell 19.7% year over year to $2.2 billion. The metric fell short of the Zacks Consensus Estimate and our estimate of $2.5 billion. Net investment income of $420.5 million advanced 3.7% year over year in the quarter under review on the back of increased average invested assets and reallocation of the portfolio. The metric missed the consensus mark of $446.6 million and our estimate of $446.2 million. Fee income of $94.1 million increased more than threefold year over year. Total expenses came in at $1.6 billion, which dropped 53.5% year over year and came lower than our estimate of $2.2 billion. The year-over-year decrease resulted from a decline in net claims and claim expenses incurred, acquisition costs and operational expenses. RenaissanceRe’s underwriting income increased to $588.8 million from the prior-year quarter’s loss of $770.6 million. The combined ratio of 73% improved from 128.3% a year ago. Book value per common share was $250.48 as of March 31, 2026, up 27.7% year over year. Annualized operating return on average common equity improved to 22.3% year over year from negative 2.9%. The segment’s gross premiums written declined 19.9% year over year to $1.7 billion in the first quarter, lower than our estimate of $2.1 billion. Net premiums earned of $900.7 million slid 27.8% year over year. The reported figure missed the Zacks Consensus Estimate of $1 billion and our estimate of $1.1 billion. It generated an underwriting income of $593.9 million, which improved from the loss of $607.2 billion a year ago. The combi...

Kinsale Capital Group, Inc. (KNSL) came out with quarterly earnings of $5.11 per share, beating the Zacks Consensus Estimate of $4.7 per share. This compares to earnings of $3.71 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +8.84%. A quarter ago, it was expected that this company would post earnings of $5.3 per share when it actually produced earnings of $5.81, delivering a surprise of +9.62%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Kinsale Capital Group, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $466.71 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.14%. This compares to year-ago revenues of $423.4 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Kinsale Capital Group shares have lost about 10.6% since the beginning of the year versus the S&P 500's gain of 4.3%. While Kinsale Capital Group has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Kinsale Capital Group was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. Yo...

TAMPA, Fla., April 21, 2026 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, will announce its first quarter 2026 financial results after the market close on Thursday, May 7, 2026, followed by a 9:00am ET conference call on Friday, May 8, 2026. Conference Call Details: North American Dial-in: 1-888-346-3095 International Dial-in: 1-412-902-4258 Telephone participants should ask to be joined into the Heritage Insurance Holdings First Quarter 2026 Earnings Call. Webcast: A live audio webcast of the earnings call will be available in the investors section of the company's website. The call will be archived and available for replay. Financial information, including material announcements about Heritage, is routinely posted on investors.heritagepci.com. About Heritage Heritage Insurance Holdings, Inc. is a super-regional property and casualty insurance holding company. Through its insurance subsidiaries and a large network of experienced agents, the Company writes approximately $1.4 billion of gross personal and commercial residential premium across its multi-state footprint covering the northeast, southeast, Hawaii and California excess and surplus lines. As a catastrophe focused property insurer, our personnel have devoted efforts to policyholders impacted by wildfires, hurricanes, winter storms, and severe convective storms. Investor Contact: Kirk Lusk Chief Financial Officer [email protected] View original content:https://www.prnewswire.com/news-releases/heritage-announces-first-quarter-2026-earnings-dates-302749285.html

Universal Insurance Holdings UVE, a Florida-centered homeowners insurer, runs a vertically integrated property and casualty platform focused on personal residential coverage, including homeowners and related lines, distributed through independent agents and online channels across 19 states. Florida remains the core concentration, and that concentration is central to how Universal’s earnings can behave in different weather and claims regimes. In 2025, Florida represented 72.6% of direct premiums written, down from 77.2% in 2024. Other states increased to 27.4% from 22.8%, extending a gradual rebalancing. The shift reflects disciplined underwriting and state-by-state rate actions. Since the December 2022 Florida reforms, Universal has pointed to improving loss severity and frequency. That improvement is the foundation for measured rate relief in 2024 and 2025 without necessarily compressing earnings power. Management stated intent is to “return funds to insureds” where the data supports it, while maintaining underwriting discipline. A key near-term catalyst is the actuarial rate study management expects to begin at the end of March 2026. The outcome can influence targeted rate declines, market positioning, and the balance between retention and profitability as filings progress. Reinsurance positioning adds another layer of potential clarity. By the fourth quarter of 2025, management indicated it had already placed 90% of the 2026 first-event catastrophe tower and secured meaningful additional multi-year capacity into 2027, with reinsurer tone described as constructive. That earlier visibility can shape how aggressively Universal wants to fine-tune pricing and growth after the study. The Zacks Consensus Estimate for 2026 earnings reflects a 35.5% year over year decrease, while revenues reflect a 6.1% year over year decrease. Image Source: Zacks Investment Research The consensus estimate has moved 19.8% north in the past 30 days. UVE sports a Zacks Rank #1 (Strong Buy). HCI Group HCI, Heritage Insurance HRTG and Allstate Corporation ALL are some other top-ranked stocks from the Zacks Property and Casualty Insurance industry. All three stocks currently sport a Zacks Rank #1 each. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus estimate for 2026 and 2027 earnings of HCI Group and Heritage Insurance witnessed northbound movem...