Alert: Major Price Decline (12/15/23)-Heritage Insurance Holdings Inc (NYSE: HRTG).


Heritage Insurance Holdings Inc (NYSE: HRTG) stock closed at $6.51 on 12/15/23 after a major decline of -11.3%. Moreover, this decline was accompanied by exceptionally high trading volume at 749% of normal. The stock has declined -22.6% during the last week but has been exceptionally strong relative to the market over the last nine months.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, HRTG is expected to be an important Value Builder.

Heritage Insurance Holdings has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Heritage Insurance Holdings has a slightly positive Appreciation Score of 66 and a very high Power Rating of 99, 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.

Be the first to comment

Leave a Reply

Your email address will not be published.