Truist is Bullish on Heritage Insurance Holdings, Inc. (HRTG)

On May 12,  Truist expert Mark Hughes lowered Heritage Insurance Holdings, Inc. (NYSE:HRTG)’s terms people to $36 from $39. The expert maintained a “Buy” standing connected the shares. It stated that a first-quarter net miss was pushed by slower top-line maturation and “marginally higher upwind losses.”

On May 7, 2026, Heritage Insurance Holdings, Inc. (NYSE:HRTG) reported Q1 nett income of $36.5 million, up by 19.7% twelvemonth implicit year, with diluted EPS of $1.19, rising 20.2%. The corp said its nett nonaccomplishment ratio improved to 45.9% portion generating $24.9 cardinal successful operating currency travel and repurchasing $12.0 cardinal of shares.

The institution said caller concern written grew 62.7% twelvemonth implicit year. CEO Ernie Garateix stated the 4th marked the “most profitable” archetypal 4th since 2014, adjacent with $37 cardinal successful weather-related losses.

Heritage Insurance Holdings, Inc. (NYSE:HRTG) is progressive successful the proviso of idiosyncratic and residential premiums, property, and casualty security policies.

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