Heritage Common Stock vs Long Term Investments Analysis

HRTG Stock

USD 8.55 0.12 1.38%

Heritage Insurance financial indicator trend analysis is much more than just examining Heritage Insurance Hldgs latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Heritage Insurance Hldgs is a good investment. Please check the relationship between Heritage Insurance Common Stock and its Long Term Investments accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Insurance Hldgs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

Common Stock vs Long Term Investments

Common Stock vs Long Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Heritage Insurance Hldgs Common Stock account and Long Term Investments. At this time, the significance of the direction appears to have pay attention.

The correlation between Heritage Insurance's Common Stock and Long Term Investments is -0.78. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Long Term Investments in the same time period over historical financial statements of Heritage Insurance Hldgs, assuming nothing else is changed. The correlation between historical values of Heritage Insurance's Common Stock and Long Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Heritage Insurance Hldgs are associated (or correlated) with its Long Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Investments has no effect on the direction of Common Stock i.e., Heritage Insurance's Common Stock and Long Term Investments go up and down completely randomly.

Correlation Coefficient

-0.78

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Common Stock

Long Term Investments

Long Term Investments is an item on the asset side of Heritage Insurance balance sheet that represents investments Heritage Insurance Hldgs intends to hold for over a year. Heritage Insurance Hldgs long term investments may include different instruments such as stocks, bonds, real estate and cash.

Most indicators from Heritage Insurance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Heritage Insurance Hldgs current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Insurance Hldgs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

At this time, Heritage Insurance's Tax Provision is most likely to decrease significantly in the upcoming years. The Heritage Insurance's current Issuance Of Capital Stock is estimated to increase to about 25.9 M, while Selling General Administrative is projected to decrease to roughly 64.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	631.6M	662.5M	735.5M	476.0M
Total Revenue	631.6M	662.5M	737.7M	476.2M

Gross Profit Total Revenue

Heritage Insurance fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Property Plant Equipment
Total Assets		0.91	-0.34	0.43	0.71	0.51	0.66	-0.34	0.53	0.87	0.75	0.71	-0.06	0.34	0.85	0.94	0.89	-0.75	-0.37	0.78	0.47	0.99	0.82	0.79	-0.75	0.8
Short Long Term Debt Total	0.91		-0.09	0.48	0.66	0.43	0.74	-0.29	0.43	0.69	0.69	0.65	0.0	0.45	0.78	0.84	0.84	-0.66	-0.52	0.66	0.46	0.9	0.88	0.68	-0.66	0.81
Other Current Liab	-0.34	-0.09		0.55	-0.24	-0.46	0.31	-0.32	-0.46	-0.33	0.0	-0.13	0.64	0.5	-0.52	-0.38	-0.16	0.09	-0.48	-0.71	-0.13	-0.33	-0.1	-0.33	0.09	-0.15
Total Current Liabilities	0.43	0.48	0.55		0.36	0.05	0.74	-0.74	0.07	0.54	0.7	0.68	0.81	0.42	0.09	0.39	0.43	-0.4	-0.61	-0.08	0.01	0.41	0.47	0.5	-0.4	0.53
Total Stockholder Equity	0.71	0.66	-0.24	0.36		0.57	0.29	-0.34	0.91	0.5	0.56	0.66	-0.06	-0.12	0.64	0.83	0.37	-0.77	-0.15	0.74	-0.12	0.59	0.81	0.91	-0.77	0.62
Other Liab	0.51	0.43	-0.46	0.05	0.57		-0.01	-0.08	0.66	0.33	0.39	0.55	-0.13	-0.36	0.68	0.56	0.23	-0.35	-0.01	0.59	-0.25	0.45	0.33	0.67	-0.35	0.37
Property Plant And Equipment Net	0.66	0.74	0.31	0.74	0.29	-0.01		-0.61	-0.08	0.7	0.71	0.46	0.35	0.75	0.28	0.61	0.71	-0.56	-0.67	0.23	0.6	0.7	0.66	0.38	-0.56	0.77
Net Debt	-0.34	-0.29	-0.32	-0.74	-0.34	-0.08	-0.61		-0.08	-0.55	-0.81	-0.5	-0.62	-0.27	0.13	-0.41	-0.29	0.43	0.39	0.04	-0.15	-0.32	-0.45	-0.46	0.43	-0.47
Retained Earnings	0.53	0.43	-0.46	0.07	0.91	0.66	-0.08	-0.08		0.33	0.35	0.56	-0.24	-0.44	0.62	0.66	0.16	-0.56	0.21	0.75	-0.32	0.4	0.6	0.82	-0.56	0.41
Accounts Payable	0.87	0.69	-0.33	0.54	0.5	0.33	0.7	-0.55	0.33		0.83	0.75	0.17	0.27	0.58	0.83	0.8	-0.59	-0.27	0.6	0.49	0.88	0.67	0.72	-0.59	0.79
Cash	0.75	0.69	0.0	0.7	0.56	0.39	0.71	-0.81	0.35	0.83		0.78	0.38	0.31	0.41	0.74	0.7	-0.66	-0.35	0.4	0.31	0.74	0.73	0.71	-0.66	0.76
Non Current Assets Total	0.71	0.65	-0.13	0.68	0.66	0.55	0.46	-0.5	0.56	0.75	0.78		0.47	-0.08	0.58	0.67	0.57	-0.47	-0.25	0.43	-0.1	0.66	0.61	0.88	-0.47	0.7
Non Currrent Assets Other	-0.06	0.0	0.64	0.81	-0.06	-0.13	0.35	-0.62	-0.24	0.17	0.38	0.47		0.14	-0.31	-0.13	0.04	0.07	-0.44	-0.56	-0.26	-0.05	-0.06	0.15	0.07	0.09
Other Assets	0.34	0.45	0.5	0.42	-0.12	-0.36	0.75	-0.27	-0.44	0.27	0.31	-0.08	0.14		0.07	0.19	0.59	-0.31	-0.63	-0.08	0.74	0.41	0.31	-0.18	-0.31	0.25
Long Term Debt	0.85	0.78	-0.52	0.09	0.64	0.68	0.28	0.13	0.62	0.58	0.41	0.58	-0.31	0.07		0.77	0.72	-0.56	-0.15	0.82	0.21	0.84	0.59	0.68	-0.56	0.56
Cash And Short Term Investments	0.94	0.84	-0.38	0.39	0.83	0.56	0.61	-0.41	0.66	0.83	0.74	0.67	-0.13	0.19	0.77		0.7	-0.82	-0.29	0.86	0.35	0.9	0.87	0.86	-0.82	0.84
Net Receivables	0.89	0.84	-0.16	0.43	0.37	0.23	0.71	-0.29	0.16	0.8	0.7	0.57	0.04	0.59	0.72	0.7		-0.56	-0.44	0.52	0.68	0.94	0.64	0.48	-0.56	0.64
Common Stock Total Equity	-0.75	-0.66	0.09	-0.4	-0.77	-0.35	-0.56	0.43	-0.56	-0.59	-0.66	-0.47	0.07	-0.31	-0.56	-0.82	-0.56		0.37	-0.65	-0.25	-0.68	-0.77	-0.68	1.0	-0.66
Common Stock Shares Outstanding	-0.37	-0.52	-0.48	-0.61	-0.15	-0.01	-0.67	0.39	0.21	-0.27	-0.35	-0.25	-0.44	-0.63	-0.15	-0.29	-0.44	0.37		0.08	-0.31	-0.39	-0.34	-0.17	0.37	-0.3
Short Term Investments	0.78	0.66	-0.71	-0.08	0.74	0.59	0.23	0.04	0.75	0.6	0.4	0.43	-0.56	-0.08	0.82	0.86	0.52	-0.65	0.08		0.27	0.73	0.71	0.7	-0.65	0.65
Non Current Liabilities Total	0.47	0.46	-0.13	0.01	-0.12	-0.25	0.6	-0.15	-0.32	0.49	0.31	-0.1	-0.26	0.74	0.21	0.35	0.68	-0.25	-0.31	0.27		0.56	0.35	-0.11	-0.25	0.33
Total Liab	0.99	0.9	-0.33	0.41	0.59	0.45	0.7	-0.32	0.4	0.88	0.74	0.66	-0.05	0.41	0.84	0.9	0.94	-0.68	-0.39	0.73	0.56		0.76	0.7	-0.68	0.77
Property Plant And Equipment Gross	0.82	0.88	-0.1	0.47	0.81	0.33	0.66	-0.45	0.6	0.67	0.73	0.61	-0.06	0.31	0.59	0.87	0.64	-0.77	-0.34	0.71	0.35	0.76		0.74	-0.77	0.84
Total Current Assets	0.79	0.68	-0.33	0.5	0.91	0.67	0.38	-0.46	0.82	0.72	0.71	0.88	0.15	-0.18	0.68	0.86	0.48	-0.68	-0.17	0.7	-0.11	0.7	0.74		-0.68	0.73
Common Stock	-0.75	-0.66	0.09	-0.4	-0.77	-0.35	-0.56	0.43	-0.56	-0.59	-0.66	-0.47	0.07	-0.31	-0.56	-0.82	-0.56	1.0	0.37	-0.65	-0.25	-0.68	-0.77	-0.68		-0.66
Property Plant Equipment	0.8	0.81	-0.15	0.53	0.62	0.37	0.77	-0.47	0.41	0.79	0.76	0.7	0.09	0.25	0.56	0.84	0.64	-0.66	-0.3	0.65	0.33	0.77	0.84	0.73	-0.66

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Heritage Insurance Account Relationship Matchups

Heritage Insurance fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.9B	2.1B	2.0B	2.4B	1.4B	1.5B
Short Long Term Debt Total	129.2M	121.0M	151.9M	170.2M	148.2M	137.8M
Other Current Liab	(237.4M)	(261.0M)	(263.3M)	(289.8M)	373.3M	392.0M
Total Current Liabilities	237.4M	261.0M	263.3M	16.8M	583.3M	612.4M
Total Stockholder Equity	448.8M	442.3M	343.1M	131.0M	220.3M	317.9M
Other Liab	13.0M	677.8M	599.6M	229K	263.4K	250.2K
Property Plant And Equipment Net	20.8M	18.7M	45.2M	53.2M	57.7M	60.5M
Net Debt	(139.1M)	(320.0M)	(207.4M)	(110.7M)	(325.1M)	(308.9M)
Retained Earnings	217.3M	219.8M	138.4M	(19.2M)	26.1M	24.8M
Accounts Payable	227.4M	251.0M	263.3M	279.8M	193.7M	149.7M
Cash	268.4M	441.0M	359.3M	280.9M	473.3M	263.2M
Non Current Assets Total	829.1M	796.0M	863.8M	102.8M	740.4M	431.7M
Non Currrent Assets Other	(12.6M)	(18.5M)	(9.4M)	(653.9M)	586.0M	615.3M
Other Assets	(240.8M)	(173.4M)	(264.8M)	1.9B	1.5B	1.6B
Long Term Debt	119.2M	121.0M	120.8M	128.9M	30.1M	28.6M
Cash And Short Term Investments	855.6M	1.0B	1.0B	916.5M	553.2M	730.4M
Net Receivables	495.8M	464.7M	353.1M	909.9M	586.8M	348.0M
Common Stock Shares Outstanding	29.2M	28.0M	27.8M	26.3M	26.3M	22.3M
Short Term Investments	587.3M	561.0M	669.4M	635.6M	89.5M	85.1M
Liabilities And Stockholders Equity	1.9B	2.1B	2.0B	2.4B	1.4B	1.5B
Non Current Liabilities Total	179.3M	179.5M	201.8M	2.2B	609.0M	468.3M
Total Liab	1.5B	1.6B	1.6B	2.3B	1.2B	1.2B
Property Plant And Equipment Gross	18.7M	18.0M	20.8M	18.7M	21.5M	17.0M
Total Current Assets	1.4B	1.5B	1.4B	373.6M	672.2M	855.1M
Property Plant Equipment	27.4M	18.7M	45.2M	25.7M	29.6M	21.6M
Accumulated Other Comprehensive Income	7.3M	6.1M	(4.6M)	(53.6M)	(35.3M)	(33.5M)
Net Tangible Assets	227.7M	227.6M	195.2M	81.5M	73.3M	69.7M
Retained Earnings Total Equity	217.3M	219.8M	138.4M	(19.2M)	(17.3M)	(16.4M)
Capital Surpluse	329.6M	331.9M	332.8M	334.7M	384.9M	311.1M
Other Current Assets	418.4M	629.9M	495.8M	512.1M	672.2M	705.8M
Other Stockholder Equity	224.2M	216.5M	209.2M	203.8M	229.4M	230.8M
Deferred Long Term Liab	7.7M	12.6M	18.5M	9.4M	10.8M	11.8M
Long Term Investments	588.9M	591.8M	697.9M	637.1M	569.4M	570.2M
Treasury Stock	(105.4M)	(115.4M)	(123.6M)	(130.9M)	(117.8M)	(123.7M)
Non Current Liabilities Other	1.3B	1.5B	1.5B	2.1B	2.4B	1.2B
Intangible Assets	68.6M	62.3M	55.9M	49.6M	42.6M	56.2M

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When determining whether Heritage Insurance Hldgs is a strong investment it is important to analyze Heritage Insurance's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Heritage Insurance's future performance. For an informed investment choice regarding Heritage Stock, refer to the following important reports:

How To Invest In Heritage

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Is Heritage Stock a good investment?

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What is Heritage Insurance's Net Worth?

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Largest Insurance - Property & Casualty Companies

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Largest Financial Services Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Insurance Hldgs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

You can also try the Stocks Directory module to find actively traded stocks across global markets.

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When running Heritage Insurance's price analysis, check to measure Heritage Insurance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Heritage Insurance is operating at the current time. Most of Heritage Insurance's value examination focuses on studying past and present price action to predict the probability of Heritage Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Heritage Insurance's price. Additionally, you may evaluate how the addition of Heritage Insurance to your portfolios can decrease your overall portfolio volatility.

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Is Heritage Insurance's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Heritage Insurance. If investors know Heritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Heritage Insurance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.15)

Earnings Share

1.65

Revenue Per Share

27.37

Quarterly Revenue Growth

0.081

Return On Assets

0.0194

The market value of Heritage Insurance Hldgs is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Insurance's value that differs from its market value or its book value, called intrinsic value, which is Heritage Insurance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Heritage Insurance's market value can be influenced by many factors that don't directly affect Heritage Insurance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Heritage Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Insurance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Heritage Common Stock vs Long Term Investments Analysis

Common Stock vs Long Term Investments

Common Stock vs Long Term Investments Correlation Analysis

Correlation Coefficient

Common Stock

Long Term Investments

Heritage Insurance fundamental ratios Correlations

Heritage Insurance Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Heritage Insurance fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Total Liab	+ 0.99	Total Assets
Cash And Short Term Investments	+ 0.94	Total Assets
Total Liab	+ 0.94	Net Receivables
Short Long Term Debt Total	+ 0.91	Total Assets
Retained Earnings	+ 0.91	Total Stockholder Equity

Common Stock	- 0.82	Cash And Short Term Investments
Common Stock Total Equity	- 0.82	Cash And Short Term Investments
Cash	- 0.81	Net Debt
Common Stock	- 0.77	Property Plant And Equipment Gross
Property Plant And Equipment Gross	- 0.77	Common Stock Total Equity
Common Stock	- 0.77	Total Stockholder Equity