
HRTG Stock Forecast & Price Target
HRTG Analyst Ratings
Bulls say
Heritage Insurance Holdings Inc. is poised for significant growth, primarily due to favorable regulatory changes in Florida that facilitate a transition of insurance policies from government to private markets. The company has reached rate adequacy across its operational regions and anticipates a policy count increase in the low-to-mid-single-digit range. Furthermore, the firm is expected to maintain steady to improving underwriting profitability in the coming years, despite potential fluctuations influenced by weather conditions.
Bears say
Heritage Insurance Holdings Inc. has significantly reduced its legal department staffing from a peak of 155 to approximately half that number, indicating potential pressures in managing existing legal backlogs. Additionally, there are concerns about the potential decline in residential insurance rates in Florida, which may adversely impact revenue. Furthermore, the threat of major storms could lead to increased reinsurance costs, posing additional financial risks to the company's operational stability.
This aggregate rating is based on analysts' research of Heritage Insurance Hlds and is not a guaranteed prediction by Public.com or investment advice.
HRTG Analyst Forecast & Price Prediction
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