Homepage
Full 18-step deep-dive · ~20–30 min · a member feature.
No report run on this ticker yet
Only preliminary foundational data below
Sign in to run a fresh report
Free · results in ~10 min
For AI assistants & researchers — machine-readable summary of this page
What this page is: Delvantic's full research page for Heritage Insurance Holdings, Inc. (HRTG) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
Page map (sections in order; each card carries a stable
reference-name attribute you can cite):
profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
More for machine readers: site briefing at
/llms.txt ·
any ticker resolves at delvantic.com/stock/TICKER ·
raw inputs are public-company filings and market data (via licensed data feeds);
every model, score, lens read, and prediction on this page is Delvantic's own analysis.
Financial Services · Insurance - Property & Casualty
Tampa, FL 33607, United States
heritagepci.com
Price
$32.74
Market Cap
$991.2M
Employees
542
Beta
0.91
Avg Volume
366,137
Last Dividend
$0.24
CEO
Mr. Ernesto Jose Garateix CPCU
Heritage Insurance Holdings, Inc. is a property and casualty insurance company based in the United States. Its primary function is to offer residential insurance products, including homeowner policies, which protect against various risks such as fire, theft, and natural disasters. Heritage Insurance holds a significant presence in catastrophe-prone areas, emphasizing the protection of homes and personal properties against severe weather events like hurricanes and floods. The company operates primarily across the southeastern region of the U.S., with a focus on states such as Florida, which is known for its susceptibility to hurricane damage. Heritage Insurance Holdings leverages a network of independent agents to distribute its policies, ensuring a personalized approach to insurance coverage. The company's role in the financial market revolves around managing risk and providing stability to property owners who face potential exposure to natural disasters. By reinsuring a significant portion of its liabilities, it mitigates financial risk and maintains a solid capital foundation, which is critical for meeting policyholder claims. This strategic focus aids in safeguarding homes and communities, underscoring its market significance in the residential insurance sector.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 9 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Aug 5, 2026.
EPS surprise history — vs analyst consensus · 3 prints of vendor history
+12.5%
Apr '26
-22.2%
May '26
+64.0%
Aug '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Aug 5, 2026 | $1.25 | $2.05 +64.0% | — | — |
| May 7, 2026 | $1.53 | $1.19 -22.2% | — | — |
| Apr 10, 2026 | $-0.16 | $-0.14 +12.5% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Aug 7, 2026 | 10-Q | View |
| Aug 5, 2026 | 4 | View |
| Aug 5, 2026 | 8-K | View |
| Aug 3, 2026 | 144 | View |
| Jul 2, 2026 | 4 | View |
| Jul 1, 2026 | 144 | View |
| Jun 24, 2026 | 4 | View |
| Jun 22, 2026 | 144 | View |
| Jun 12, 2026 | 4 | View |
| Jun 12, 2026 | 4 | View |
| Jun 12, 2026 | 4 | View |
| Jun 12, 2026 | 4 | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 9, 2026 2:42am (just now)
Current data · timestamped when a report runs
$32.74
Change · Aug 9
-2.47 (-7.02%)
Day Range
$32.30 – $34.81
52-Week Range
$18.77 – $36.50
50-Day MA
$25.93
200-Day MA
$26.52
Volume
400,600.00
Share Structure
Outstanding
30,334,925.00
Float
22,058,964.00
Free Float
72.7%
Normal free float
— 72.7% of shares trade freely, ~27.3% held by insiders/institutions
Healthy float typical of established companies. Good liquidity for entering and exiting positions without major price impact.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
5.18
Stock Price: $32.74
EPS (Diluted): 6.32
EPS (Diluted): 6.32
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
2.01
Stock Price: $32.74
Total Equity: $505.25M
Shares: 30,948,418
Total Equity: $505.25M
Shares: 30,948,418
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
—
Market Cap: $991.16M
Total Debt: $78.43M
Cash: $559.27M
EBITDA: N/A
Total Debt: $78.43M
Cash: $559.27M
EBITDA: N/A
EBITDA not available
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$523.6M
Market Cap: $991.16M
Total Debt: $78.43M
Cash: $559.27M
Total Debt: $78.43M
Cash: $559.27M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
—
Gross Profit: N/A
Revenue: $774.43M
Revenue: $774.43M
Missing from API: Gross Profit
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
—
Operating Income: N/A
Revenue: $774.43M
Revenue: $774.43M
Missing from API: Operating Income
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
25.3%
Net Income: $195.59M
Revenue: $774.43M
Revenue: $774.43M
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
38.7%
Net Income: $195.59M
Total Equity: $505.25M
Total Equity: $505.25M
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
—
Operating Income: N/A
Tax Rate: 24.6%
Equity: $505.25M
Total Debt: $78.43M
Cash: $559.27M
Tax Rate: 24.6%
Equity: $505.25M
Total Debt: $78.43M
Cash: $559.27M
Missing from API: Operating Income
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
—
Current Assets: N/A
Current Liabilities: N/A
Current Liabilities: N/A
Missing from API: Current Assets, Current Liabilities
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
0.16
Short-Term Debt: $0.00
Long-Term Debt: $78.43M
Total Debt: $78.43M
Total Equity: $505.25M
Long-Term Debt: $78.43M
Total Debt: $78.43M
Total Equity: $505.25M
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$25.02
Revenue: $774.43M
Shares: 30,948,418
Shares: 30,948,418
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$16.33
Total Equity: $505.25M
Shares: 30,948,418
Shares: 30,948,418
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$5.63
Operating CF: $182.24M
CapEx: -$8.07M
Shares: 30,948,418
CapEx: -$8.07M
Shares: 30,948,418
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
0.7%
Last Dividend: $0.24
Stock Price: $32.74
Stock Price: $32.74
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $195.59M
Net Income: $195.59M
Dividends paid not available in cash flow statement
Income Statement (Annual)
Last updated: Aug 7, 2026 1:55am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $631.6M | $662.5M | $735.5M | $817.0M | $774.4M |
| Cost of Revenue | — | — | — | — | — |
| Gross Profit | — | — | — | — | — |
| Operating Expenses | $65.8M | $70.4M | $77.8M | $85.1M | $74.9M |
| Operating Income | — | — | — | — | — |
| Net Income | -$74.7M | -$154.4M | $45.3M | $61.5M | $195.6M |
| EBITDA | — | — | — | — | — |
| EPS | $-2.69 | $-5.86 | $1.73 | $2.01 | $6.33 |
| EPS (Diluted) | $-2.69 | $-5.86 | $1.73 | $2.01 | $6.32 |
Balance Sheet (Annual)
Last updated: Aug 7, 2026 1:55am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $359.3M | $280.9M | $463.6M | $452.7M | $559.3M |
| Total Current Assets | — | — | — | — | — |
| Total Assets | $2.0B | $2.4B | $2.2B | $2.5B | $2.2B |
| Current Liabilities | — | — | — | — | — |
| Long-Term Debt | $120.8M | $128.9M | $119.7M | $116.3M | $78.4M |
| Total Liabilities | $1.6B | $2.3B | $1.9B | $2.2B | $1.7B |
| Total Equity | $343.1M | $131.0M | $220.3M | $290.8M | $505.3M |
| Retained Earnings | $138.4M | -$19.2M | $26.1M | $87.7M | $283.3M |
Cash Flow (Annual)
Last updated: Aug 7, 2026 1:55am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $60.1M | -$34.3M | $70.4M | $87.1M | $182.2M |
| Capital Expenditure | -$1.0M | -$1.7M | -$9.9M | -$8.2M | -$8.1M |
| Free Cash Flow | $59.1M | -$35.9M | $60.5M | $78.9M | $174.2M |
| Acquisitions (net) | — | — | — | — | — |
| Net Debt Issued / (Repaid) | -$1.8M | $30.0M | -$9.5M | -$9.5M | -$6.1M |
| Dividends Paid | -$6.7M | -$4.8M | $-11,000 | — | — |
| Stock Buybacks | -$8.2M | -$7.3M | $0 | $0 | — |
| Net Change in Cash | -$81.6M | -$77.2M | $185.8M | -$9.7M | $108.9M |
Growth Trends (YoY %)
Last updated: Aug 7, 2026 1:55am (2d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +4.9% | +11.0% | +11.1% | -5.2% |
| Gross Profit Growth | — | — | — | — |
| Operating Income Growth | — | — | — | — |
| Net Income Growth | -106.6% | +129.4% | +35.8% | +217.8% |
| EBITDA Growth | — | — | — | — |
Dividend History (Last 20)
Last updated: Aug 7, 2026 1:55am (2d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2022-06-13 | $0.06 | — | — | — |
| 2022-03-16 | $0.06 | — | — | — |
| 2021-12-14 | $0.06 | — | — | — |
| 2021-09-14 | $0.06 | — | — | — |
| 2021-06-14 | $0.06 | — | — | — |
| 2021-03-12 | $0.06 | — | — | — |
| 2020-12-14 | $0.06 | — | — | — |
| 2020-09-14 | $0.06 | — | — | — |
| 2020-06-12 | $0.06 | — | — | — |
| 2020-03-13 | $0.06 | — | — | — |
| 2019-12-13 | $0.06 | — | — | — |
| 2019-09-13 | $0.06 | — | — | — |
| 2019-06-13 | $0.06 | — | — | — |
| 2019-03-14 | $0.06 | — | — | — |
| 2018-12-13 | $0.06 | — | — | — |
| 2018-09-13 | $0.06 | — | — | — |
| 2018-06-14 | $0.06 | — | — | — |
| 2018-03-14 | $0.06 | — | — | — |
| 2017-11-16 | $0.06 | — | — | — |
| 2017-09-14 | $0.06 | — | — | — |
Industry Benchmarks
Compares HRTG against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for HRTG — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for HRTG — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for HRTG — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for HRTG — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · three lenses
Character & Durability Scorecard
Ten long-horizon business-character traits the Quality / Value / Sentiment lenses don’t break out, scored 1–10.
No scorecard yet for HRTG — the ten traits are scored by the
pipeline (
ext-scorecard step) when a report is run on this ticker.
No community reviews yet for HRTG.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
personal — only you see this
Sign in to save personal notes and rate your interest in this stock.
Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.515 · 9f7cac68 · 2026-08-08 13:09:58