Heritage Insurance Holdings, Inc.
HRTG · Fire, Marine & Casualty Insurance · 30.3M shares · -3%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $6M (gross $7M, SBC $1M)
Reference price $24.36 · est. market cap ~$739M — last insider sale, 2026-06-22 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B75Heritage Insurance Holdings — coastal/catastrophe-exposed P&C insurer with high returns.
Strengths
- ROE 38.7% (100th pct), ROA (91st); strong rebound (net income up sharply)
- Disciplined re-underwriting and rate actions
Risks
- Heavy coastal (FL/Northeast) catastrophe concentration
- Reinsurance-cost and reserve sensitivity
Notable findings
- Strong balance sheetStrong balance sheet — $559M cash & investments
- Insider buyingInsider buying — 2 open-market buy(s) by 1 insider(s) (~$376,950, last 6mo) Form 4 ↗
- Buying back stockNet buyback — share count -3%/yr over 4y
- Insider sellingInsider selling — 18 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$4M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
31.5%
Net margin
23.1%
Return on equity
38.7%
Return on assets
8.9%
ROIC
36.2%
Revenue growth (QoQ)
-1.2%
Net-income growth
217.8%
Debt / equity
0.2×
Net debt / EBITDA
-1.8×
Free cash flow
$174M
EBITDA
$274M
Tangible book value
$475M
Cash & investments
$559M
Stock comp / revenue
0.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-22 | Binnun Sharon | Sell | 9.2K | $24.36 |
| 2026-06-11 | WHITING PAUL L | Gift | 9.7K | — |
| 2026-06-10 | Vattamattam Joseph | Grant | 2.7K | — |
| 2026-06-10 | WHITING PAUL L | Grant | 2.7K | — |
| 2026-06-10 | WIDDICOMBE RICHARD A | Grant | 2.7K | — |
| 2026-06-10 | Apostolou Panagiotis | Grant | 2.7K | — |
| 2026-06-10 | Barlas Irini | Grant | 2.7K | — |
| 2026-05-19 | WHITING PAUL L | Buy | 15K | $23.50 |
| 2026-05-19 | WHITING PAUL L | Buy | 1.0K | $24.45 |
| 2026-05-01 | Binnun Sharon | Sell | 9.2K | $28.99 |
| 2026-04-20 | Garateix Ernie J | Sell | 300 | $28.40 |
| 2026-04-20 | Garateix Ernie J | Sell | 8.0K | $27.52 |
| 2026-04-02 | Moura Timothy | Sell | 8.4K | $25.13 |
| 2026-04-02 | Moura Timothy | Sell | 16K | $26.08 |
| 2026-04-01 | Binnun Sharon | Sell | 8.7K | $25.69 |
| 2026-04-01 | Binnun Sharon | Sell | 500 | $26.19 |
| 2026-04-01 | Moura Timothy | Sell | 25K | $25.78 |
| 2026-04-01 | Moura Timothy | Sell | 1.1K | $26.21 |
| 2026-03-20 | Garateix Ernie J | Sell | 8.3K | $25.39 |
| 2026-03-19 | Moura Timothy | Sell | 28K | $26.60 |
| 2026-03-19 | Moura Timothy | Sell | 910 | $27.43 |
| 2026-03-17 | Binnun Sharon | Sell | 7.9K | $28.35 |
| 2026-03-12 | Binnun Sharon | Tax withheld | 36K | $28.14 |
| 2026-03-12 | Moura Timothy | Tax withheld | 48K | $28.14 |
| 2026-03-12 | Lusk Kirk | Tax withheld | 73K | $28.14 |
| 2026-03-12 | Garateix Ernie J | Tax withheld | 150K | $28.14 |
| 2026-03-12 | JOHNS TIMOTHY E | Tax withheld | 11K | $28.14 |
| 2026-03-05 | Moura Timothy | Grant | 16K | — |
| 2026-03-05 | Moura Timothy | Grant | 4.3K | — |
| 2026-03-05 | Lusk Kirk | Grant | 15K | — |
| 2026-03-05 | Lusk Kirk | Grant | 27K | — |
| 2026-03-05 | Binnun Sharon | Grant | 3.0K | — |
| 2026-03-05 | Binnun Sharon | Grant | 12K | — |
| 2026-03-05 | Garateix Ernie J | Grant | 26K | — |
| 2026-03-05 | Garateix Ernie J | Grant | 81K | — |
| 2026-03-05 | JOHNS TIMOTHY E | Grant | 764 | — |
| 2026-03-05 | JOHNS TIMOTHY E | Grant | 1.8K | — |
| 2026-02-20 | Garateix Ernie J | Sell | 200 | $24.85 |
| 2026-02-20 | Garateix Ernie J | Sell | 8.1K | $24.10 |
| 2026-01-20 | Garateix Ernie J | Sell | 8.2K | $26.02 |
| 2026-01-20 | Garateix Ernie J | Sell | 100 | $26.67 |
| 2025-12-22 | Garateix Ernie J | Sell | 8.3K | $29.48 |
| 2025-12-15 | Garateix Ernie J | Tax withheld | 41K | $29.57 |
| 2025-12-15 | JOHNS TIMOTHY E | Tax withheld | 2.1K | $29.57 |
| 2025-12-15 | Binnun Sharon | Tax withheld | 4.6K | $29.57 |
| 2025-12-15 | Moura Timothy | Tax withheld | 9.5K | $29.57 |
| 2025-12-15 | Lusk Kirk | Tax withheld | 18K | $29.57 |
| 2025-12-12 | Garateix Ernie J | Sell | 1.7K | $28.85 |
| 2025-12-11 | Garateix Ernie J | Sell | 6.3K | $28.42 |
| 2025-12-09 | Garateix Ernie J | Sell | 7.0K | $28.36 |
| 2025-12-02 | Lusk Kirk | Sell | 8.3K | $28.21 |
| 2025-11-20 | Garateix Ernie J | Sell | 4.4K | $26.27 |
| 2025-11-20 | Garateix Ernie J | Sell | 2.8K | $27.44 |
| 2025-11-20 | Garateix Ernie J | Sell | 1.2K | $28.23 |
| 2025-11-18 | WIDDICOMBE RICHARD A | Sell | 50K | $29.40 |
| 2025-11-13 | Garateix Ernie J | Sell | 5.0K | $30.77 |
| 2025-11-12 | Garateix Ernie J | Sell | 5.0K | $30.39 |
| 2025-11-11 | Garateix Ernie J | Sell | 10K | $29.10 |
| 2025-11-05 | Lusk Kirk | Sell | 20K | $24.18 |
| 2025-11-04 | Lusk Kirk | Sell | 71 | $24.00 |
| 2025-10-20 | Garateix Ernie J | Sell | 7.5K | $23.01 |
| 2025-10-20 | Garateix Ernie J | Sell | 867 | $23.02 |
| 2025-10-14 | WIDDICOMBE RICHARD A | Sell | 9.0K | $25.90 |
| 2025-10-14 | WIDDICOMBE RICHARD A | Sell | 32K | $26.97 |
| 2025-10-14 | WIDDICOMBE RICHARD A | Sell | 59K | $27.62 |
| 2025-10-03 | Lusk Kirk | Sell | 6.8K | $24.16 |
| 2025-10-01 | Lusk Kirk | Sell | 9.4K | $24.61 |
| 2025-10-01 | Lusk Kirk | Sell | 3.8K | $25.18 |
| 2025-09-22 | Garateix Ernie J | Sell | 7.3K | $27.08 |
| 2025-09-22 | Garateix Ernie J | Sell | 1.1K | $28.33 |
| 2025-09-16 | WIDDICOMBE RICHARD A | Sell | 57K | $23.88 |
| 2025-09-16 | WIDDICOMBE RICHARD A | Sell | 43K | $24.52 |
| 2025-09-15 | Garateix Ernie J | Sell | 25K | $24.61 |
| 2025-09-12 | Lusk Kirk | Sell | 20K | $24.17 |
| 2025-09-05 | Binnun Sharon | Sell | 21K | $24.47 |
| 2025-08-08 | WHITING PAUL L | Buy | 2.5K | $20.50 |
| 2025-06-10 | Barlas Irini | Grant | 2.5K | — |
| 2025-06-10 | WHITING PAUL L | Grant | 2.5K | — |
| 2025-06-10 | WIDDICOMBE RICHARD A | Grant | 2.5K | — |
| 2025-06-10 | Apostolou Panagiotis | Grant | 2.5K | — |
| 2025-06-10 | Berset Mark S | Grant | 2.5K | — |
| 2025-06-10 | Vattamattam Joseph | Grant | 2.5K | — |
| 2025-06-09 | WHITING PAUL L | Buy | 2.5K | $22.36 |
| 2025-05-21 | Walvekar Vijay | Sell | 8.0K | $23.27 |
| 2025-05-21 | Walvekar Vijay | Sell | 34K | $23.27 |
| 2025-05-09 | Apostolou Panagiotis | Sell | 25K | $25.40 |
| 2025-03-14 | Garateix Ernie J | Buy | 5.0K | $12.77 |
| 2025-03-14 | Lusk Kirk | Buy | 6.0K | $13.85 |
| 2025-03-14 | WHITING PAUL L | Buy | 10K | $13.35 |
| 2025-03-11 | Moura Timothy | Grant | 8.2K | — |
| 2025-03-11 | Moura Timothy | Grant | 26K | — |
| 2025-03-11 | Garateix Ernie J | Grant | 55K | — |
| 2025-03-11 | Garateix Ernie J | Grant | 177K | — |
| 2025-03-11 | Lusk Kirk | Grant | 28K | — |
| 2025-03-11 | Lusk Kirk | Grant | 52K | — |
| 2025-03-11 | JOHNS TIMOTHY E. | Grant | 1.3K | — |
| 2025-03-11 | JOHNS TIMOTHY E. | Grant | 3.8K | — |
| 2025-03-11 | Binnun Sharon | Grant | 6.8K | — |
| 2025-03-11 | Binnun Sharon | Grant | 27K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-11 | 2026-06-10 | 0001193125-26-267535 ↗ |
| 8-K | 2026-05-29 | 2026-05-28 | 0001193125-26-245800 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001193125-26-214067 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001193125-26-212120 ↗ |
| 10-K/A | 2026-03-19 | 2025-12-31 | 0001193125-26-115451 ↗ |
| 10-K | 2026-03-12 | 2025-12-31 | 0001193125-26-103715 ↗ |
| 8-K | 2026-03-09 | 2025-03-09 | 0001193125-26-097583 ↗ |
| 8-K | 2026-02-23 | 2026-02-23 | 0001193125-26-064300 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001598665-25-000076 ↗ |
| 8-K | 2025-11-05 | 2025-11-05 | 0001193125-25-267080 ↗ |
| 8-K | 2025-09-25 | 2025-09-23 | 0001193125-25-217491 ↗ |
| 10-Q | 2025-08-08 | 2025-06-30 | 0001598665-25-000058 ↗ |