Is Heritage Insurance Holdings, Inc. (NYSE:HRTG) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Heritage Insurance Holdings, Inc. at current levels.
A rehabilitated Florida catastrophe insurer trading at 1.7x EBITDA with a 45% ROE, the market is still pricing this like 2022.
Where HRTG is headed
Heritage sits in an odd place. It is a Florida-heavy coastal property insurer that has spent three years deliberately shrinking, repricing, and reunderwriting a book that nearly killed it in the 2020-2022 catastrophe cycle. Management stopped writing new personal lines in Florida in late 2022, hiked rates aggressively, tightened exclusions, and let policy count fall. The result today is a smaller, better-priced, better-reinsured book generating a 25% net margin and a 45% ROE, at a 5x trailing P/E and 1.7x EV/EBITDA. Those are the multiples of a business the market expects to fall apart in the next big storm.
Read the full Compass Direction on HRTG
The complete destination call, the overlooked angle, milestones, and bull, base, and bear price scenarios (around $35.23).
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Frequently asked questions
Is Heritage Insurance Holdings, Inc. (NYSE:HRTG) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Heritage Insurance Holdings, Inc. at current levels. A rehabilitated Florida catastrophe insurer trading at 1.7x EBITDA with a 45% ROE, the market is still pricing this like 2022.
What is HRTG's Compass Score?
Heritage Insurance Holdings, Inc. scores 72/100 on Alexandria's Compass, placing it in the "Favorable" tier. Scores blend eight factors and update weekly.
What is the price target for HRTG?
Alexandria's full Compass Direction includes bull, base, and bear price scenarios with the valuation math behind each. Read the full breakdown on the HRTG page.
Compass verdicts are AI-generated, forward-looking editorial research from publicly available data, not investment advice or a recommendation regarding any security. Scores and verdicts update as the data changes.