Long Position on HRTG @ $7.50 on 11/22/2023 (Fundamentals)

Heritage Insurance Holdings, Inc. (HRTG), through its subsidiaries, provides personal and commercial residential insurance products.

The company offers personal residential property insurance for single-family homeowners and condominium owners; and rental property insurance in the states of Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; commercial residential insurance for properties in Florida, New Jersey, and New York; and licensed in the state of Pennsylvania, as well as personal residential and wind-only property insurance. It also provides restoration, emergency, and recovery services; property management, and reinsurance services.

In addition, the company provides personal line policies through a network of retail independent agents, wholesale agents, and a partnership with a direct agency, as well as distribute indirectly to retail locations through wholesale agency relationships.

Further, it offers personal and commercial insurance policies through a network of independent agencies. Heritage Insurance Holdings, Inc. was founded in 2012 and is headquartered in Tampa, Florida.

This stock's return on equity shows that it is likely on an upward trajection.

Entry Point: $7.50

Trading Range: $1.43 - $8.00

Stop Loss: $7.15

Target Price: $8.25

Position closed on 11/28/2023 at price of $9.41 with a 25.47% gain in 6 days.

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