Heritage Insurance Holdings Inc (NYSE: HRTG) stock closed at $7.97 on 5/2/24 after a major decline of -22.5%. Moreover, this decline was accompanied by exceptionally high trading volume at 411% of normal. The stock has declined -24.1% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, HRTG is expected to continue to be a major Value Builder.
Heritage Insurance Holdings has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Heritage Insurance Holdings has a neutral Appreciation Score of 40 but a very high Power Rating of 100, leading to the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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