Heritage Insurance Holdings, Inc. (NYSE:HRTG) is one of the 10 Most Profitable Small Cap Stocks to Buy.
On May 12, Truist analyst Mark Hughes lowered Heritage Insurance Holdings, Inc.’s price target to $36 from $39. The analyst maintained a “Buy” rating on the shares. It stated that a first-quarter earnings miss was pushed by slower top-line growth and “marginally higher weather losses.”
On May 7, 2026, Heritage Insurance Holdings, Inc. reported Q1 net income of $36.5 million, up by 19.7% year over year, with diluted EPS of $1.19, rising 20.2%. The corporation said its net loss ratio improved to 45.9% while generating $24.9 million in operating cash flow and repurchasing $12.0 million of shares.
The company said new business written grew 62.7% year over year. CEO Ernie Garateix stated the quarter marked the “most profitable” first quarter since 2014, even with $37 million in weather-related losses.
Heritage Insurance Holdings, Inc. is involved in the provision of personal and residential premiums, property, and casualty insurance policies.
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