Heritage Insurance (HRTG)
Writes residential property coverage through a vertically integrated multi-carrier platform.
Something off on this page? Send us feedback.
Writes personal and commercial residential property insurance through carrier subsidiaries. A vertically integrated platform operating across 16 states depends on catastrophe reinsurance and Florida claims conditions.
Personal and commercial residential property coverage is written through Heritage P&C, Narragansett Bay Insurance Company, and Zephyr Insurance Company. The platform operates across 16 states, with commercial residential coverage in Florida, Hawaii, New Jersey, and New York.
Underwriting, customer service, actuarial analysis, distribution, claims processing, and adjusting are managed within the platform. Its Florida roots were broadened through the Hawaii-based Zephyr acquisition and the addition of NBIC. The company reports a residential property insurance segment.
Catastrophe reinsurance, the Florida Hurricane Catastrophe Fund, and Florida claims and litigation conditions shape the residential property insurance business.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 6, 2026 | Truist Financial | Target | Target: $36 | Target: $42 |
| Jul 15, 2026 | Piper Sandler | Reiterate | Rating: —Target: $13 | Target: $31 |
| May 11, 2026 | Truist Financial | Target | Target: $39 | Target: $36 |
| Mar 9, 2026 | Truist Financial | Target | Target: $35 | Target: $39 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $715.5M · Total debt $91.8M · Total assets $2.45B · Shareholders' equity $567.7M
- Revenue
- $214.2M
- Operating income
- $82.2M
- Net income
- $61.7M
HistoryDividendAnnual yield
| Institutions | 62.31% | 18.91M shares | |
|---|---|---|---|
| 195 holders · as of Jun 30, 2026 | |||
| Insiders | 17.42% | 5.29M shares | |
| 14 holders · as of Sep 11, 2026 | |||
| Other | 20.27% | 6.15M shares | |
| remainder | |||
30.35M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 7.69% | 2.33M | as of Jun 30, 2026 |
Raymond T. Hyer1Insider10 percent owner | 7.18% | 2.18M | filed Aug 4, 2025 |
Driehaus Capital Management LLCInstitution | 6.27% | 1.90M | filed Feb 14, 2024 |
Dimensional Fund Advisors LPInstitution | 4.32% | 1.31M | as of Jun 30, 2026 |
Polar Capital LLPInstitution | 4.28% | 1.30M | filed Feb 14, 2018 |
- Raymond T. Hyer's transaction reports restate only vehicles that traded; the 2025 ownership statement (2.18M) is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 14, 2026 | Ernie J. Garateix | director, officer: Chief Executive Officer | −2,500 | $35.25 |
| Sep 9, 2026 | Sharon Binnun | officer: Chief Accounting Officer | −6,565 | $33.82 |
| Sep 3, 2026 | Ernie J. Garateix | director, officer: Chief Executive Officer | −2,500 | $35.10 |
| Sep 1, 2026 | Sharon Binnun | officer: Chief Accounting Officer | −9,200 | $33.91 |
| Aug 24, 2026 | Ernie J. Garateix | director, officer: Chief Executive Officer | −10,000 | $34.88 |
- Universal Insurance
Florida-centered homeowners carrier across 19 states
- HCI Group
Florida-focused homeowners insurer with Northeast and Southeast reach
- American Coastal Insurance
Florida commercial-residential insurer for associations and apartments
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Heritage Insurance | $33.95 | −0.60% | $1.03B | 4.9 | 6.8 | 1.3 | +3.0% |
| Universal Insurance | $43.31 | −0.71% | $1.21B | 5.7 | 9.4 | 0.7 | +55.3% |
| HCI Group | $182.89 | −0.71% | $2.35B | 7.6 | 9.0 | 2.5 | +11.2% |
| American Coastal Insurance | $9.19 | 0.00% | $445.4M | 4.6 | 9.4 | 1.3 | +150.2% |
| Median | 5.7 | 9.4 | 1.3 | +55.3% |