Heritage Insurance Holdings Inc (NYSE: HRTG) stock closed at $12.24 on 9/30/24 after a major decline of -21.1%. Moreover, trading volume in this decline was exceptionally high at 533% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -21.8% during the last week.
Current PriceTarget Research Rating
HRTG’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Heritage Insurance Holdings has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Heritage Insurance Holdings has a neutral Appreciation Score of 48 but a very high Power Rating of 100, triggering the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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