heritage insurance holdings, inc. (“heritage” or the “company”) is based in clearwater, florida. its subsidiaries, heritage property & casualty insurance company and zephyr insurance company, write approximately $587 million and $58 million, respectively, of personal and commercial residential premium through a large network of experienced agents. the company is currently writing policies in florida, hawaii, north carolina and south carolina. heritage is one of the largest, most well-capitalized insurance companies in florida. surplus at heritage p&c is $205 million and surplus at zephyr is $72 million. consolidated in-force premiums at september 30, 2016 were $646 million with approximately 327,000 policies-in-force. the company is listed on the new york stock exchange (ticker: hrtg). with a market capitalization of approximately $460 million, heritage is larger than all but one florida-based property and casualty insurance companies. heritage’s balance sheet is solid with stockholder
![Heritage Insurance logo](/files/LOGO/1598665-HRTG.png)
Company profile
Ticker
HRTG
Exchange
Website
CEO
Bruce Lucas
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Heritage Insurance Holdings, LLC
SEC CIK
Corporate docs
Subsidiaries
Heritage Property & Casualty Insurance Company, Inc • Heritage MGA, LLC • Skye Lane Properties, LLC • Osprey Re Ltd • Zephyr Acquisition Company • NBIC Holdings, Inc. • Narragansett Bay Insurance Company • NBIC Financial Holdings, Inc • NBIC Service Company, Inc • Pawtucket Insurance Company ...
HRTG stock data
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
7 Jun 24
10-Q
2024 Q1
Quarterly report
8 May 24
8-K
Heritage Reports First Quarter 2024 Results
1 May 24
EFFECT
Notice of effectiveness
1 May 24
8-K
Other Events
29 Apr 24
S-3/A
Shelf registration (amended)
26 Apr 24
ARS
2023 FY
Annual report to shareholders
25 Apr 24
DEFA14A
Additional proxy soliciting materials
25 Apr 24
DEF 14A
Definitive proxy
25 Apr 24
S-3
Shelf registration
14 Mar 24
Transcripts
HRTG
Earnings call transcript
2024 Q1
2 May 24
HRTG
Earnings call transcript
2023 Q4
12 Mar 24
HRTG
Earnings call transcript
2023 Q3
3 Nov 23
HRTG
Earnings call transcript
2023 Q2
9 Aug 23
HRTG
Earnings call transcript
2023 Q2
9 Aug 23
HRTG
Earnings call transcript
2023 Q1
5 May 23
HRTG
Earnings call transcript
2022 Q4
3 Mar 23
HRTG
Earnings call transcript
2022 Q3
12 Nov 22
HRTG
Earnings call transcript
2022 Q2
5 Aug 22
HRTG
Earnings call transcript
2022 Q1
6 May 22
Latest ownership filings
SC 13G/A
DRIEHAUS CAPITAL MANAGEMENT LLC
10 Jun 24
4
Mark S Berset
7 Jun 24
4
Vijay Walvekar
7 Jun 24
4
RICHARD A WIDDICOMBE
7 Jun 24
4
PAUL L WHITING
7 Jun 24
4
Joseph Vattamattam
7 Jun 24
4
Irini Barlas
7 Jun 24
4
Nicholas George Pappas
7 Jun 24
4
Panagiotis Apostolou
7 Jun 24
4
PAUL L WHITING
30 May 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 397.47 mm | 397.47 mm | 397.47 mm | 397.47 mm | 397.47 mm | 397.47 mm |
Cash burn (monthly) | 25.29 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 97.79 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 299.67 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 11.8 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
58.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 90 |
Opened positions | 86 |
Closed positions | 1 |
Increased positions | 2 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 141.83 bn |
Total shares | 17.90 mm |
Total puts | 65.70 k |
Total calls | 180.80 k |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Hyer Raymond T | 3.56 mm | $0.00 |
Driehaus Capital Management | 1.62 mm | $17.22 bn |
Dimensional Fund Advisors | 1.32 mm | $14.03 bn |
Vanguard | 1.10 mm | $11.67 bn |
IVZ Invesco | 746.88 k | $7.95 bn |
Pacific Ridge Capital Partners | 687.39 k | $7.32 bn |
BLK Blackrock | 631.04 k | $6.72 bn |
Marshall Wace | 577.29 k | $6.15 bn |
Millennium Management | 553.80 k | $5.90 bn |
Qube Research & Technologies | 476.56 k | $5.08 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
5 Jun 24 | Panagiotis Apostolou | Common Stock | Grant | Acquire A | No | No | 0 | 4,914 | 0.00 | 189,719 |
5 Jun 24 | Irini Barlas | Common Stock | Grant | Acquire A | Yes | No | 0 | 4,914 | 0.00 | 65,769 |
5 Jun 24 | Nicholas George Pappas | Common Stock | Grant | Acquire A | No | No | 0 | 4,914 | 0.00 | 80,314 |
5 Jun 24 | Paul L Whiting | Common Stock | Grant | Acquire A | No | No | 0 | 4,914 | 0.00 | 69,576 |
5 Jun 24 | Richard A Widdicombe | Common Stock | Grant | Acquire A | No | No | 0 | 4,914 | 0.00 | 696,497 |
News
Heritage Insurance Reports Inclusion In The Russell 3000 Index
16 Jul 24
Top 3 Financial Stocks You'll Regret Missing In Q3
5 Jul 24
Heritage Insurance Hldgs Q1 2024 GAAP EPS $0.47 Misses $0.56 Estimate, Sales $191.302M Beat $189.047M Estimate
1 May 24
Heritage Announces Full Placement Of 2024-2025 CAT XOL Reinsurance Program; Total Consolidated Cost Of ~$422.3M
29 Apr 24
Press releases
Heritage Announces Second Quarter 2024 Earnings Dates
18 Jul 24
Heritage Insurance Rejoins Russell 3000® Index
16 Jul 24
Heritage Insurance Holdings, Inc. Announces Approved 3.3% Rate Decrease for Property and Casualty Insurance in Florida
22 May 24
Heritage Reports First Quarter 2024 Results
1 May 24