Heritage Insurance HoldingsNYSE: HRTG

Heritage Insurance's third-quarter results are likely to reflect improving premiums offset by higher catastrophe losses.

Recently, HRTG has experienced corrections due to the storm season and unfavorable news coverage. My analysis of its intrinsic value emphasizes long-term fundamentals and its float. The float, money held by HRTG but not owned, has shown steady growth, indicating value creation through the income generated from investing that float. When considering only the float as the source of value, HRTG trades at a discount. Additional upside could come from its earning potential in underwriting and fee income.

Its growing commercial residential business, expanding E&S business and improving pricing to deliver better margins and boost earnings make HRTG worth betting on.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Amid heightened market volatility investors may want to consider several insurance stocks that have made their way onto the coveted Zacks Rank #1 (Strong Buy) list.

Growing commercial residential business and E&S business, and improving pricing make HRTG stock worth betting on.

Does Heritage Insurance (HRTG) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Heritage Insurance Holdings, Inc. is a speculative stock with recent positive catalysts, including a 100% price increase in the past month. The company offers various insurance products and services, focusing on Florida, and recently announced a 3.3% rate drop for Florida homeowners insurance. Wall Street ratings lean towards “Buy,” but price targets suggest a potential -20% downside, creating mixed signals for investors.