Price Change to Note: After Today’s Huge Increase, Is Heritage Insurance Holdings Inc’s Near-Term Analysis Positive?

Price Change to Note: After Today's Huge Increase, Is Heritage Insurance Holdings Inc's Near Term Analysis Positive?

The stock of Heritage Insurance Holdings Inc (NYSE:HRTG) is a huge mover today! About 163,121 shares traded hands. Heritage Insurance Holdings Inc (NYSE:HRTG) has risen 8.81% since April 18, 2016 and is uptrending. It has outperformed by 4.38% the S&P500.
The move comes after 6 months positive chart setup for the $485.26M company. It was reported on Nov, 18 by Barchart.com. We have $21.70 PT which if reached, will make NYSE:HRTG worth $223.22M more.

Heritage Insurance Holdings Inc (NYSE:HRTG) Ratings Coverage

Out of 5 analysts covering Heritage Insurance Holdings (NYSE:HRTG), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Heritage Insurance Holdings has been the topic of 8 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Wood maintained the shares of HRTG in a report on Tuesday, August 9 with “Outperform” rating. The stock of Heritage Insurance Holdings Inc (NYSE:HRTG) has “Outperform” rating given on Monday, June 13 by Wood. Citigroup maintained Heritage Insurance Holdings Inc (NYSE:HRTG) on Friday, August 7 with “Buy” rating. On Tuesday, October 20 the stock rating was upgraded by JMP Securities to “Market Outperform”. The stock of Heritage Insurance Holdings Inc (NYSE:HRTG) earned “Buy” rating by Sandler O’Neill on Friday, September 23.

According to Zacks Investment Research, “Heritage Insurance Holdings, Inc. is a property and casualty insurance holding company. Through its subsidiary, Heritage Property & Casualty Insurance Company, the Company provides personal residential insurance for single-family homeowners and condominium owners. Heritage Insurance Holdings, Inc. is based in Clearwater, Florida.”

More notable recent Heritage Insurance Holdings Inc (NYSE:HRTG) news were published by: Prnewswire.com which released: “Heritage Insurance Holdings, Inc. Reports Financial Results for Third Quarter …” on November 08, 2016, also Marketwatch.com with their article: “Heritage Insurance Holdings Inc.” published on May 23, 2014, Prnewswire.com published: “Heritage Insurance Holdings, Inc. Provides Update to Hurricane Matthew Initial …” on October 10, 2016. More interesting news about Heritage Insurance Holdings Inc (NYSE:HRTG) were released by: Prnewswire.com and their article: “Heritage Insurance Holdings, Inc. Sets November 9 for Third Quarter 2016 …” published on October 17, 2016 as well as Prnewswire.com‘s news article titled: “Heritage Insurance Holdings, Inc. Prepares for Hurricane Matthew and …” with publication date: October 07, 2016.

HRTG Company Profile

Heritage Insurance Holdings, Inc. (Heritage Insurance), incorporated on December 30, 2013, is a property and casualty insurance holding company. The Firm provides personal and commercial residential insurance. Through its subsidiary, Heritage Property & Casualty Insurance Company (Heritage P&C), it provides personal residential insurance for single-family homeowners and condominium owners, rental property insurance and commercial residential insurance in the state of Florida and North Carolina. The Firm is vertically integrated and controls or manages all aspects of insurance underwriting, customer service, actuarial analysis, distribution and claims processing and adjusting. The Company’s primary products are personal and commercial residential insurance, which it offers only in Florida. It markets and writes personal lines voluntary policies through a network of approximately 1,400 independent agents. It has approximately 40,130 voluntary policies. It markets and writes commercial residential voluntary policies through a network of approximately 60 independent agents.

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