Heritage Insurance Hldgs Stock (NYSE: HRTG)

Heritage Insurance Hldgs (NYSE:HRTG) Stock, Quote.Headers.trade-ideas

Heritage Insurance Hldgs

Heritage Insurance Holdings Inc is a regional property and casualty insurance company that offers a variety of personal and commercial insurance products. Through its subsidiaries, Heritage Property & Casualty Insurance, Narragansett Bay Insurance, and Zephyr Insurance, the company issues personal residential property insurance in various states in the United States. It also offers commercial residential insurance predominantly for its Florida properties. Heritage Insurance manages insurance underwriting, customer services, actuarial analysis, distribution, and claims processing internally.

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Heritage Insurance Holdings, Inc. Common Stock

Heritage Insurance Holdings Inc

<p>The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of&nbsp;April 30, ranking them by total market capitalization.</p>
<p>The inclusion into the index took effect at the opening of the U.S. equity markets on&nbsp;Monday July 1, 2024.</p>


Heritage Insurance Reports Inclusion In The Russell 3000 Index

<p>The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.</p>
<p>The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.</p>
<p>Here's the latest list of major oversold players in this sector, having an RSI near or below 30.</p>
<h3 class="wp-block-heading"><strong>Heritage Insurance Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>)</strong></h3>
<ul>
<li>On May 1, Heritage Insurance Holdings reported worse-than-expected first-quarter EPS. &#8220;I&#8217;m pleased to see the momentum of our efforts to respond to market conditions continues to produce our intended results,&#8221; remarked Ernie Garateix, CEO at Heritage. &#8220;Our average premium has increased across the book of business, and we believe the quality of our book of business continues to improve.&#8221; The company's stock fell around 21% over the past month and has a <a href="https://www.benzinga.com/quote/HRTG">52-week low of $3.87</a>.</li>
<li><strong>RSI Value:</strong> 27.01</li>
<li><strong>HRTG Price Action:</strong> Shares of Heritage Insurance gained 1.7% to close at $6.47 on Wednesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://pro.benzinga.com/dashboard">Heritage Insurance's news</a>.</li>
</ul>
<h3 class="wp-block-heading"><strong>Fanhua Inc &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANH#NASDAQ">FANH</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</strong></h3>
<ul>
<li>On June 3, Fanhua disclosed a strategic partnership with Baidu AI Cloud for application of large model in insurance distribution. Mr. Yinan Hu, co-founder, Vice Chairman and Chief Executive Officer of Fanhua said, &#8220;We are excited about the strategic partnership with Baidu. As a leading global AI company, Baidu has made numerous technological accomplishments and strong innovative capabilities in artificial intelligence, making this partnership a tremendous new growth opportunity for us.&#8221; The company's stock fell around 20% over the past five days. It <a href="https://www.benzinga.com/quote/FANH">has a 52-week low</a> of $1.76.</li>
<li><strong>RSI Value:</strong> 14.91</li>
<li><strong>FANH Price Action:</strong> Shares of Fanhua fell 1.1% to close at $1.78 on Wednesday.</li>
<li><a href="https://pro.benzinga.com/dashboard">Benzinga Pro's charting tool</a> helped identify the trend in Fanhua's stock.</li>
</ul>
<h3 class="wp-block-heading"><strong>Future Fintech Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTFT#NASDAQ">FTFT</a>)</strong></h3>
<ul>
<li>On April 30, Future FinTech entered into a new bitcoin mining hosting agreement for its cryptocurrency farm in Norwalk, Ohio. The company's stock fell around 42% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/FTFT">low of $0.41</a>.</li>
<li><strong>RSI Value:</strong> 23.07</li>
<li><strong>FTFT Price Action:</strong> Shares of Future Fintech fell 5.1% to close at $0.46 on Wednesday.</li>
<li>Benzinga Pro's signals feature notified of a potential breakout in <a href="https://pro.benzinga.com/dashboard">Future Fintech's shares</a>.</li>
</ul>
<p>Read More: <a href="https://www.benzinga.com/news/24/07/39639846/s-p-500-settles-at-new-record-even-as-fear-greed-index-moves-to-fear-zone">S&amp;P 500 Settles At New Record Even As Fear &amp; Greed Index Moves To &#8216;Fear&#8217; Zone</a></p>


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Heritage Insurance Holdings shares are trading lower after the company reported worse-than-expected Q1 EPS.

<p>Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) reported quarterly earnings of $0.47 per share which missed the analyst consensus estimate of $0.56 by 16.07 percent. This is a 14.55 percent decrease over earnings of $0.55 per share from the same period last year.  The company reported quarterly sales of $191.302 million which beat the analyst consensus estimate of $189.047 million by 1.19 percent.  This is a 8.13 percent increase over sales of $176.921 million the same period last year.</p>


Earnings

Earnings Beats

Earnings Misses

Heritage Insurance Hldgs Q1 2024 GAAP EPS $0.47 Misses $0.56 Estimate, Sales $191.302M Beat $189.047M Estimate

<p>Heritage Insurance Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company announced today that it fully placed its 2024-2025 indemnity based, catastrophe excess-of-loss reinsurance program for its insurance subsidiaries, Heritage Property Casualty Insurance Company, Narragansett Bay Insurance Company, and Zephyr Insurance Company.</p>
<p>"We are delighted to announce the successful completion of our 2024-2025 catastrophe excess of loss reinsurance program," stated Heritage CEO Ernie Garateix. "We value the unwavering support of our valued long-term reinsurance partners as well as new reinsurance partners and reaffirm our commitment to provide appropriate coverage for the markets we serve. I'm pleased to continue to place a portion of our program through capital markets using catastrophe bonds issued by Citrus Re, which provides multi-year reinsurance coverage."</p>
<p><strong>Key points of the 2024-2025 catastrophe reinsurance program include:</strong></p>
<ul>
<li>Total consolidated cost of approximately&nbsp;$422.3 million.</li>
<li>The prior year program included over $70.0 million of limit provided through the Florida Reinsurance to Assist Policyholders ("RAP") program at no cost to the Company. The current year program cost includes replacement of that program with external reinsurance partners.</li>
<li>External party first event reinsurance tower exhaustion points of $1.1 billion for the Northeast, $1.3 billion in the Southeast and $750.0 million in Hawaii. Each reinsurance tower may be supplemented with limit purchased through affiliate Osprey Re.</li>
<li>The 2024 catastrophe excess of loss reinsurance program includes a Southeast-only limit of $100.0 million through catastrophe bonds issued by Citrus Re Ltd., a Bermuda-domiciled special purpose vehicle. This addition complements the existing Citrus Re 2023 catastrophe bonds, which featured a $120.0 million Northeast only limit and a $115.0 million combined Northeast/Hawaii limit, both of which remain unused. Furthermore, the $100 million limit of the 2022 in-force Northeast-only catastrophe bond also remains unutilized and available for the 2024 hurricane season.</li>
<li>The loss retention for the Company is approximately $40.0 million for the Southeast and Hawaii, respectively, and $32 million for the Northeast. The retention for each insurance company could be reduced by limit purchased through affiliate Osprey Re.</li>
<li>Florida Hurricane Catastrophe Fund participation of 90.0%, consistent with the prior year program.</li>
<li>The entire program is indemnity based, with no parametric covers.</li>
</ul>


Heritage Announces Full Placement Of 2024-2025 CAT XOL Reinsurance Program; Total Consolidated Cost Of ~$422.3M

Offerings

Heritage Insurance Files Mixed Securities Shelf Offering For Up To $100M

<p>JMP Securities  analyst Matthew Carletti   reiterates Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) with a Market Perform.</p>


Reiteration

Analyst Ratings

JMP Securities Reiterates Market Perform on Heritage Insurance Hldgs

<p>Piper Sandler  analyst Paul Newsome   maintains Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) with a Neutral and maintains $9 price target.</p>


Price Target

Piper Sandler Maintains Neutral on Heritage Insurance Hldgs, Maintains $9 Price Target

Buybacks

Heritage Insurance Holdings Announces Share Repurchase Program Of $10M

<p>Truist Securities  analyst Mark Hughes   maintains Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) with a Buy and raises the price target from $9 to $11.</p>


Truist Securities Maintains Buy on Heritage Insurance Hldgs, Raises Price Target to $11

<p>JMP Securities  analyst Matthew Carletti   downgrades Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) from Market Outperform to Market Perform.</p>


Downgrades

JMP Securities Downgrades Heritage Insurance Hldgs to Market Perform

Heritage Insurance Holdings shares are trading higher after the company reported better-than-expected Q4 financial results.

<p><strong>Heritage Insurance Hldgs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) reported its Q4 earnings results on Monday, March 11, 2024 at 04:07 PM.</p>
<p>Here's what investors need to know about the announcement.</p>
<h3>Earnings</h3>
<p>Heritage Insurance Hldgs beat estimated earnings by 150.0%, reporting an EPS of $1.15 versus an estimate of $0.46.</p>
<p>Revenue was up $12.38 million from the same period last year.</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company missed on EPS by $0.07 which was followed by a 11.0% increase in the share price the next day.</p>
<p>Here's a look at Heritage Insurance Hldgs's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>-0.21</td>
<td>0.11</td>
<td>0.11</td>
<td>-0.16</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>-0.28</td>
<td>0.32</td>
<td>0.55</td>
<td>0.48</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>176.11M</td>
<td>168.53M</td>
<td>165.81M</td>
<td>168.32M</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>176.64M</td>
<td>176.80M</td>
<td>176.92M</td>
<td>174.59M</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for Heritage Insurance Hldgs <a href="https://www.benzinga.com/quote/HRTG/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Recap: Heritage Insurance Hldgs Q4 Earnings

<p>Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) reported quarterly earnings of $1.15 per share which beat the analyst consensus estimate of $0.47 by 144.68 percent.  The company reported quarterly sales of $186.967 million which beat the analyst consensus estimate of $185.106 million by 1.01 percent.  This is a 7.09 percent increase over sales of $174.588 million the same period last year.</p>


Heritage Insurance Hldgs Q4 2023 GAAP EPS $1.15 Beats $0.47 Estimate, Sales $186.967M Beat $185.106M Estimate

<p><a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. </p>
<h3>Gainers</h3>
<ul>
<li><strong>SelectQuote</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLQT#NYSE">SLQT</a>) shares moved upwards by 6.25% to $1.87 during Friday's regular session. The current volume of 600.8K shares is 0% of SelectQuote's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $300.8 million. </li>
<li><strong>Fanhua</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANH#NASDAQ">FANH</a>) shares rose 5.53% to $5.05. The current volume of 17.6K shares is 0% of Fanhua's average full-day volume over the last 100 days (last updated at 12:40 EST). The market value of their outstanding shares is at $272.3 million. </li>
<li><strong>Heritage Insurance Hldgs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) stock increased by 5.33% to $7.11. Heritage Insurance Hldgs's stock is trading at a volume of 245.0K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $210.1 million. </li>
<li><strong>Universal Insurance Hldgs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) stock rose 5.03% to $20.44. As of 12:40 EST, this security is trading at a volume of 66.7K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $563.6 million. </li>
<li><strong>GoHealth</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOCO#NASDAQ">GOCO</a>) shares moved upwards by 4.7% to $13.35. As of 12:40 EST, GoHealth's stock is trading at a volume of 4.3K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $121.8 million. </li>
<li><strong>Lemonade</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) stock moved upwards by 2.8% to $17.21. Trading volume for this security as of 12:40 EST is 1.2 million, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.1 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Reliance Global Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) stock declined by 8.76% to $0.36 during Friday's regular session. As of 12:40 EST, Reliance Global Group's stock is trading at a volume of 103.7K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $2.0 million. </li>
<li><strong>Cheche Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCG#NASDAQ">CCG</a>) shares declined by 5.16% to $4.6. Cheche Group's stock is trading at a volume of 5.6K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $368.1 million. </li>
<li><strong>Waterdrop</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDH#NYSE">WDH</a>) shares fell 2.86% to $1.19. As of 12:40 EST, this security is trading at a volume of 156.6K shares, making up 0% of its average full-day volume over the last 100 days. The company's market cap stands at $484.7 million. </li>
<li><strong>Hippo Holdings</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIPO#NYSE">HIPO</a>) stock decreased by 2.61% to $17.97. As of 12:40 EST, Hippo Holdings's stock is trading at a volume of 194.7K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $448.5 million. The company's, Q4 earnings came out 2 days ago. </li>
<li><strong>MBIA</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MBI#NYSE">MBI</a>) stock fell 2.41% to $6.5. Trading volume for MBIA's stock is 200.7K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $340.1 million. </li>
<li><strong>American Coastal</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NASDAQ">ACIC</a>) stock fell 2.37% to $10.33. Trading volume for American Coastal's stock is 143.2K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $506.5 million. </li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


ACIC

GOCO

HIPO

LMND

RELI

SLQT

Insurance Stocks Moving In Friday's Intraday Session

<p><strong>Heritage Insurance Hldgs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) is set to give its latest quarterly earnings report on Monday, 2024-03-11. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that Heritage Insurance Hldgs will report an <strong>earnings per share</strong> (EPS) of $0.46. </p>
<p>Heritage Insurance Hldgs bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company missed EPS by $0.07, which was followed by a 11.46% increase in the share price the next day.</p>
<p>Here's a look at Heritage Insurance Hldgs's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>-0.21</td>
<td>0.11</td>
<td>0.11</td>
<td>-0.16</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>-0.28</td>
<td>0.32</td>
<td>0.55</td>
<td>0.48</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>11.0%</td>
<td>10.0%</td>
<td>15.0%</td>
<td>34.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1709910044_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of Heritage Insurance Hldgs were trading at $6.75 as of March 07. Over the last 52-week period, shares are up 123.81%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/HRTG/earnings"><strong>To track all earnings releases for Heritage Insurance Hldgs visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Heritage Insurance Hldgs Earnings Preview

<p><a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. </p>
<h3>Gainers</h3>
<ul>
<li><strong>Universal Insurance Hldgs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) shares rose 16.66% to $20.1 during Friday's regular session. Trading volume for this security as of 12:40 EST is 275.3K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $580.1 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li><strong>Heritage Insurance Hldgs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) shares moved upwards by 6.98% to $7.07. Trading volume for this security as of 12:40 EST is 193.0K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $200.1 million. </li>
<li><strong>Reliance Global Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) shares rose 5.36% to $0.48. The current volume of 6.8K shares is 0% of Reliance Global Group's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $2.2 million. </li>
<li><strong>Goosehead Insurance</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSHD#NASDAQ">GSHD</a>) stock moved upwards by 3.72% to $74.34. Trading volume for Goosehead Insurance's stock is 268.2K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.7 billion. As per the news, the Q4 earnings report came out 2 days ago. </li>
<li><strong>Genworth Finl</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNW#NYSE">GNW</a>) shares increased by 3.45% to $6.14. Trading volume for Genworth Finl's stock is 1.0 million as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $2.6 billion. As per the press release, Q4 earnings came out 2 days ago. </li>
<li><strong>American Coastal</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NASDAQ">ACIC</a>) stock moved upwards by 3.07% to $13.75. As of 12:40 EST, American Coastal's stock is trading at a volume of 118.1K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $588.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Trupanion</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) stock fell 2.9% to $23.02 during Friday's regular session. As of 12:40 EST, Trupanion's stock is trading at a volume of 256.4K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $999.5 million. </li>
<li><strong>Donegal Gr</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGICA#NASDAQ">DGICA</a>) shares decreased by 2.16% to $14.1. Trading volume for Donegal Gr's stock is 20.5K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $479.0 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li><strong>Maiden Hldgs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MHLD#NASDAQ">MHLD</a>) stock declined by 2.03% to $1.4. Trading volume for Maiden Hldgs's stock is 56.3K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $170.5 million. </li>
<li><strong>Crawford</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRD#NYSE">CRD</a>) stock declined by 1.42% to $11.88. Crawford's stock is trading at a volume of 375 shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at 580775896. </li>
<li><strong>Safety Insurance Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAFT#NASDAQ">SAFT</a>) stock decreased by 1.21% to $85.9. Safety Insurance Group's stock is trading at a volume of 22.2K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.2 billion. </li>
<li><strong>eHealth</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHTH#NASDAQ">EHTH</a>) shares declined by 1.2% to $6.62. As of 12:40 EST, this security is trading at a volume of 43.6K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $201.1 million. </li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


DGICA

EHTH

GSHD

MHLD

SAFT

TRUP

<p><a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. </p>
<h3>Gainers</h3>
<ul>
<li><strong>Fidelis Insurance Hldgs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIHL#NYSE">FIHL</a>) stock increased by 5.67% to $13.96 during Thursday's regular session. Trading volume for Fidelis Insurance Hldgs's stock is 353.1K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.4 billion. </li>
<li><strong>Heritage Insurance Hldgs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) stock rose 5.38% to $6.65. The current volume of 149.8K shares is 0% of Heritage Insurance Hldgs's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $196.5 million. </li>
<li><strong>Skyward Specialty</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKWD#NASDAQ">SKWD</a>) stock moved upwards by 5.27% to $35.95. Skyward Specialty's stock is trading at a volume of 183.6K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.3 billion. As per the press release, Q4 earnings came out 2 days ago. </li>
<li><strong>Donegal Gr</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGICB#NASDAQ">DGICB</a>) stock increased by 3.94% to $13.95. As of 12:40 EST, Donegal Gr's stock is trading at a volume of 3.5K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $498.3 million. As per the press release, Q4 earnings came out today. </li>
<li><strong>Lemonade</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>) stock moved upwards by 2.93% to $17.54. As of 12:40 EST, this security is trading at a volume of 774.3K shares, making up 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.2 billion. </li>
<li><strong>GoHealth</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOCO#NASDAQ">GOCO</a>) stock increased by 2.57% to $13.13. Trading volume for this security as of 12:40 EST is 965, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $122.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Maiden Hldgs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MHLD#NASDAQ">MHLD</a>) stock declined by 5.58% to $1.44 during Thursday's regular session. As of 12:40 EST, Maiden Hldgs's stock is trading at a volume of 206.9K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $170.5 million. </li>
<li><strong>Tian Ruixiang Holdings</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIRX#NASDAQ">TIRX</a>) shares declined by 4.37% to $0.57. The current volume of 43.9K shares is 0% of Tian Ruixiang Holdings's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $1.9 million. </li>
<li><strong>Cheche Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCG#NASDAQ">CCG</a>) shares decreased by 3.43% to $5.35. Trading volume for Cheche Group's stock is 17.0K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $394.5 million. </li>
<li><strong>Waterdrop</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDH#NYSE">WDH</a>) shares fell 2.58% to $1.13. Waterdrop's stock is trading at a volume of 211.6K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $442.7 million. </li>
<li><strong>Ambac Financial Group</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMBC#NYSE">AMBC</a>) shares fell 1.85% to $15.95. As of 12:40 EST, Ambac Financial Group's stock is trading at a volume of 92.3K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $734.4 million. </li>
<li><strong>Kingsway Financial Servs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KFS#NYSE">KFS</a>) shares decreased by 1.75% to $8.45. As of 12:40 EST, this security is trading at a volume of 1.0K shares, making up 0% of its average full-day volume over the last 100 days. The company's market cap stands at $243.3 million. </li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


AMBC

DGICB

FIHL

SKWD

TIRX

Insurance Stocks Moving In Thursday's Intraday Session

<p>JMP Securities  analyst Matthew Carletti   maintains Heritage Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) with a Market Outperform and raises the price target from $6 to $7.</p>


JMP Securities Maintains Market Outperform on Heritage Insurance Hldgs, Raises Price Target to $7

<p><a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro</a> following are the gainers and losers in <a href="https://www.benzinga.com/money/insurance/">Insurance</a> industry for today's Intraday session. </p>
<h3>Gainers</h3>
<ul>
<li><strong>Heritage Insurance Hldgs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) stock increased by 3.43% to $6.33 during Wednesday's regular session. As of 12:40 EST, Heritage Insurance Hldgs's stock is trading at a volume of 200.9K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $185.3 million. </li>
<li><strong>Kingstone Companies</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) shares moved upwards by 3.33% to $2.48. The current volume of 2.7K shares is 0% of Kingstone Companies's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $25.3 million. </li>
<li><strong>HCI Group</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) stock rose 2.0% to $86.44. As of 12:40 EST, HCI Group's stock is trading at a volume of 36.5K, which is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $825.2 million. </li>
<li><strong>Root</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) shares increased by 1.87% to $9.26. As of 12:40 EST, Root's stock is trading at a volume of 35.5K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $135.7 million. </li>
<li><strong>Reliance Global Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>) shares rose 1.8% to $0.51. The current volume of 22.1K shares is 0% of Reliance Global Group's average full-day volume over the last 100 days (last updated at 12:40 EST). The market value of their outstanding shares is at $1.8 million. </li>
<li><strong>Universal Insurance Hldgs</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) shares increased by 1.78% to $16.54. The current volume of 52.0K shares is 0% of Universal Insurance Hldgs's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $474.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Marpai</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAI#NASDAQ">MRAI</a>) stock declined by 8.17% to $0.84 during Wednesday's regular session. Trading volume for Marpai's stock is 42.5K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $7.4 million. </li>
<li><strong>Trupanion</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) shares declined by 4.93% to $26.47. Trupanion's stock is trading at a volume of 268.5K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $1.1 billion. </li>
<li><strong>Prudential</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUK#NYSE">PUK</a>) stock declined by 3.83% to $19.73. Trading volume for Prudential's stock is 644.1K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $27.3 billion. </li>
<li><strong>Huize Holding</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUIZ#NASDAQ">HUIZ</a>) shares declined by 3.75% to $0.73. The current volume of 9.8K shares is 0% of Huize Holding's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $38.3 million. </li>
<li><strong>Tian Ruixiang Holdings</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIRX#NASDAQ">TIRX</a>) stock fell 3.39% to $0.56. Trading volume for Tian Ruixiang Holdings's stock is 14.3K as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $1.8 million. </li>
<li><strong>Cheche Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCG#NASDAQ">CCG</a>) shares decreased by 3.27% to $6.07. The current volume of 2.7K shares is 0% of Cheche Group's average full-day volume over the last 100 days (last updated at 12:40 EST). The company's market cap stands at $456.8 million. </li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


HUIZ

KINS

MRAI

ROOT

Insurance Stocks Moving In Wednesday's Intraday Session

In a report released today, Paul Newsome from Piper Sandler maintained a Hold rating on Heritage Insurance Holdings (HRTG – Research Report), with ...

Heritage Insurance Holdings (HRTG) Receives a Hold from Piper Sandler

Heritage Insurance GAAP EPS of $0.47 misses by $0.13, revenue of $191.3M beats by $2.25M

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>Heritage Insurance Hldgs</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/hrtg-stock-quote/"><strong>HRTG</strong></a></span>) just reported results for the first quarter of 2024.</p><ul><li>Heritage Insurance Hldgs reported earnings per share of 47 cents. This was below the analyst estimate for EPS of 59 cents.</li><li>The company reported revenue of $191.30 million.</li><li>This was 1.19% better than the analyst estimate for revenue of $189.05 million.</li></ul><div><p>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</p></div><h3>More From InvestorPlace</h3>
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	<p>The post <a href="https://investorplace.com/earning-results/2024/05/hrtg-stock-earnings-heritage-insurance-hldgs-for-q1-of-2024/">HRTG Stock Earnings: Heritage Insurance Hldgs Misses EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

HRTG Stock Earnings: Heritage Insurance Hldgs Misses EPS, Beats Revenue for Q1 2024

Heritage Insurance Holdings, Inc. (HRTG) Q1 2024 Earnings Call Transcript

Heritage Insurance: How The Stock Looks After Q1 2024 Earnings

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>These three stocks, all under $10, have a good chance of making enormous profits by 2026. Every business has unique advantages and strategic plans that set them up for substantial value growth. </p>



<p>The first one is notable for its solid financial performance, including a noteworthy profitability boost. The second&nbsp;has achieved a considerable increase in net premiums generated by strategically focusing on rate adequacy and underwriting rigor.&nbsp;And, the third has tripled its&nbsp;normalized EBITDA while demonstrating remarkable increases in operational efficiency. </p>



<p>Hence, these businesses provide appealing investment opportunities because of their astute financial management, well-thought-out strategic plans and creative methods.</p>



<h2>Immersion (IMMR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/11/immr-stock-1-300x169.jpg" alt="IMMR stock: two people using virtual reality (VR) headsets"><div>Source: Shutterstock</div></div><p>In Q1 2024, <strong>Immersion</strong>&nbsp;(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/immr-stock-quote/"><strong>IMMR</strong></a></span>) delivered <a href="https://www.businesswire.com/news/home/20240508916868/en/">GAAP net income of&nbsp;$18.7 million</a>&nbsp;as $0.59 per diluted share, against $8.3 million, which is $0.25 per diluted share, in Q1 2023. </p>



<p>Moreover, non-GAAP net income in Q1 reached $19.8 million at $0.63 per diluted share. This is considerably up from&nbsp;<a href="https://www.businesswire.com/news/home/20240508916868/en/" target="_blank">$9.5 million</a>, which is $0.29 per diluted share, in Q1 2023. Thus, Immersion&rsquo;s improved bottom line highlights the sharpness of its control on expenses, streamlined processes, and edge on the economies of scale.&nbsp;</p>



<p>Additionally, the considerable increase in net income, both on GAAP and non-GAAP grounds, reflects the sustainability of the company&rsquo;s financial management moves. These moves may continue to boost profitability over the long haul even while top-line growth occurs. GAAP OpEx was<a href="https://finance.yahoo.com/news/immersion-corp-immr-surpasses-q1-193141970.html#:~:text=Total%20Cash%20and%20Short%2Dterm,the%20same%20quarter%20last%20year" target="_blank">&nbsp;$27.2 million</a>&nbsp;in Q1 2023 compared to $3.8 million in Q1 2023. Compared to $2.6 million in Q1 2023, non-GAAP OpEx in Q1 2024 hit $26.1 million.&nbsp;Finally, despite the vital revenue boost and related business activity, Immersion can progressively manage its operations and expenditures.&nbsp;</p>



<h2>Heritage (HRTG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/11/crypto_insurance_1600-300x169.png" alt="A photo pf physical representations of cryptocoins above wooden tiles bearing black letters that spell out insurance."><div>Source: Najmi Arif/ShutterStock.com</div></div><p>The average premium for each insurance has increased due to <strong>Heritage&rsquo;s</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/hrtg-stock-quote/"><strong>HRTG</strong></a></span>) deliberate focus on attaining rate adequacy and underwriting discipline. Compared to Q1 2023, this method increased net premiums generated<a href="https://filecache.investorroom.com/mr5ir_heritage/276/Earnings%20Release_Q1_2024%20FINAL%20Website.pdf" target="_blank">&nbsp;by 8.1%</a>&nbsp;in Q1 2024. Further, considerable rating measures implemented by the company throughout its book of business have raised gross premiums received, rising&nbsp;<a href="https://filecache.investorroom.com/mr5ir_heritage/276/Earnings%20Release_Q1_2024%20FINAL%20Website.pdf" target="_blank">by 7.7%&nbsp;</a>from Q1 2023 to Q1 2024.&nbsp;Rate increases implemented in 2022 and 2023, particularly in regions with insufficient existing rates, are among these measures. </p>



<p>Additionally, Heritage strongly emphasizes controlling new business written in overly crowded markets or product categories and selective underwriting. Hence, this&nbsp;methodical&nbsp;approach guarantees the business keeps a lucrative and well-balanced portfolio.&nbsp;</p>



<p>Heritage has strategically managed its portfolio, raising premiums while lowering the attritional loss ratio. This was achieved by carefully raising its commercial and residential premium in force&nbsp;by 44.4%&nbsp;compared to Q1 2023. Heritage has effectively controlled its exposure by increasing its policy count in lucrative goods and regions. Additionally, they are decreasing exposure to unproductive or overly concentrated sectors. Therefore, this strategic approach to portfolio management ensures a secure and well-balanced portfolio. It provides stakeholders with a sense of security about the company&rsquo;s risk management.</p>



<h2>Zenvia (ZENV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/cloud-computing-phone-300x169.png" alt="An image of a hand holding a phone with a cloud on the screen, icons above the phone; controller, music note, camera, plane, shopping cart, home, magnifying glass. Cloud computing stocks to buy"><div>Source: La1n/Shutterstock</div></div><p>The normalized EBITDA for <strong>Zenvia</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/zenv-stock-quote/"><strong>ZENV</strong></a></span>) in FY 2023 was BRL&nbsp;<a href="https://www.prnewswire.com/news-releases/zenvia-reports-q4-2023-and-fy-2023-results-302144060.html" target="_blank">76.1 million</a>, over three times the normalized EBITDA for FY 2022, BRL 23.5 million. This considerable expansion shows the company&rsquo;s capacity to raise profitability and operational effectiveness over time. </p>



<p>Additionally, as a fraction of revenue, general and administrative expenditures fell <a href="https://www.prnewswire.com/news-releases/zenvia-reports-q4-2023-and-fy-2023-results-302144060.html" target="_blank">from 19.5%</a>&nbsp;in 2022 to 16% in 2023. This demonstrates the company&rsquo;s progressive implementation of cost management initiatives. Profitability indicators improved as a result of the stringent cost control efforts.&nbsp;This&nbsp;caused G&amp;A costs to decrease from BRL 147.5 million in FY 2022 to BRL 128.8 million in FY 2023.</p>



<p>Further strategic financial renegotiations and the Chief Executive Officer&rsquo;s (<strong>CEO</strong>) personal commitment of nearly&nbsp;<a href="https://www.prnewswire.com/news-releases/zenvia-announces-agreements-to-address-funding-gap-and-introduces-ebitda-guidance-for-2024-302054752.html" target="_blank">BRL 50 million</a>&nbsp;helped Zenvia close its liquidity shortfall. This funding infusion shows faith in the business&rsquo;s potential for the future and its capacity to carry out its long-term plan.</p>



<p>Finally, the company&rsquo;s enhanced financial flexibility and optimal positioning to support strategic objectives while optimizing market value are attributed to its strengthened capital structure and increased funding from Brazilian banks.</p>



<p><em>On the date of publication, Yiannis Zourmpanos did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
<div><p>Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.</p></div><h3>More From InvestorPlace</h3>
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3 Under-$10 Stocks Set for Monumental Gains by 2026

Russell 3000 reshuffle: MITT, ROOT among added, EHTH, BKKT among deleted

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>The ability to recognize possibilities while investing can frequently be the difference between stagnation and growth in an unstable and changing economic environment. Here are three exciting stocks in technology, insurance, and medicines.</p>



<p>Leading the pack among these chances is the first, which has cleverly turned to utilize partnerships and licensing agreements to generate income. These tactical changes highlight a practical reaction to the difficulties and expenses of medicine marketing, eventually opening the door for long-term, steady financial development.</p>



<p>Comparably, the second one seizes the chance for sustained profitability and income development by implementing several strategic measures to attain rate adequacy, underwriting discipline, and effective capital allocation. The results of these efforts in the company&rsquo;s consistent increase in net income and significant growth in gross premiums written and received.</p>



<p>Finally, the third one&rsquo;s 5X year-over-year (YOY) gain stands out as a beacon of significant revenue growth. Several factors contribute to the spike in income, such as successful license arrangements, greater market reach, or creative product offerings.</p>



<h2>Scynexis (SCYX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/pharma-stocks-300x169.jpg" alt="rows of pills on a table representing pharmaceutical stocks. EVAX stock"><div>Source: Iryna Imago / Shutterstock.com</div></div><p><strong>Scynexis</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/scyx-stock-quote/"><strong>SCYX</strong></a></span>) has made a significant strategic shift in Q1 2024, deriving $1.4 million in top-line from a license agreement, compared to<a href="https://d1io3yog0oux5.cloudfront.net/_0f4e8159fab43206096d7af03f8e0685/scynexis/news/2024-05-08_SCYNEXIS_Reports_First_Quarter_2024_Financial_335.pdf" target="_blank">&nbsp;$1.1 million</a>&nbsp;in product sales of BREXAFEMME in Q1 2023. This move underscores its adaptability and potential for growth as it leverages partnerships and licensing to boost its line. Considering the complexities and costs associated with drug commercialization, it&rsquo;s a prudent strategy.</p>



<p>Moreover,&nbsp;<a href="https://d1io3yog0oux5.cloudfront.net/_0f4e8159fab43206096d7af03f8e0685/scynexis/news/2024-05-08_SCYNEXIS_Reports_First_Quarter_2024_Financial_335.pdf" target="_blank">the 27% increase</a>&nbsp;in revenue YOY showcases the company&rsquo;s fundamental ability to boost its financial inflows through strategic deals. Research and development expenses for Q1 2024 were $7.2 million, a slight increase from $6.8 million in Q1 2023. This 6% YOY rise is primarily based on a $1.6 million increase in chemistry, manufacturing, and controls (<span>CMC</span>) expenses and a $300,000 uplift in preclinical expenses. Hence, this reflects a focused investment in advancing its pipeline.&nbsp;</p>



<p>Additionally, this increase was partially offset by an $800,000 decrease in clinical expenses and a $500,000 reduction in salaries related to medical affairs, indicating sharp resource allocation and cost management. The partnership with <strong>GSK</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/gsk-stock-quote/"><strong>GSK</strong></a></span>) is critical to Scynexis&rsquo; growth strategy. Finally, delivering final study reports for multiple current trials may yield significant milestone payments.&nbsp;</p>



<h2>Heritage Insurance (HRTG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/health-insurance-300x169.jpg" alt="A close-up shot of a hand choosing wooden blocks with emoticons on little wooden tiles symbolizing types of health insurance"><div>Source: Shutterstock</div></div><p><strong>Heritage Insurance</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/hrtg-stock-quote/"><strong>HRTG</strong></a></span>) has demonstrated the&nbsp;effectiveness of its strategic measures in Q1 2024, with a net income of $14.2 million, a significant&nbsp;increase from&nbsp;<a href="https://filecache.investorroom.com/mr5ir_heritage/276/Earnings%20Release_Q1_2024%20FINAL%20Website.pdf" target="_blank">the $14 million</a>&nbsp;in Q1 2023. Its strategic focus on ensuring rate adequacy, underwriting discipline, and efficient capital allocation has paid off, as reflected in this consistent increase in net income. Furthermore, its gross premiums written in Q1 amounted to&nbsp;<a href="https://filecache.investorroom.com/mr5ir_heritage/276/Earnings%20Release_Q1_2024%20FINAL%20Website.pdf" target="_blank">$356.7 million</a>, a 14.9% YOY rise, indicating progressive improvement in product offers and expansion into profitable areas.</p>



<p>Moreover, Heritage Insurance has a diverse and well-balanced portfolio.&nbsp;This&nbsp;helps to reduce risk and stabilize returns across different geographical areas. The company&rsquo;s total insured value (TIV) is not&nbsp;<a href="https://filecache.investorroom.com/mr5ir_heritage/275/HRTG_050224%20Website%20Transcript.pdf" target="_blank">greater&nbsp;than 26.7%</a>&nbsp;in any one state, guaranteeing that the company has a regionally distributed risk. </p>



<p>Finally, the company has strengthened its commercial residential business to diversify further and improve its portfolio. It typically earns higher premiums and has a lower attritional loss ratio. In this case, the premium for commercial residential real estate rose by 44.4% over Q1 2023.</p>



<h2>Immersion (IMMR)</h2>



<p><strong>Immersion&rsquo;s</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/immr-stock-quote/"><strong>IMMR</strong></a></span>) Q1 2024 statistics show a solid strength in the impressive growth of overall sales. In Q1 2023, the&nbsp;top line&nbsp;<a href="https://www.businesswire.com/news/home/20240508916868/en/" target="_blank">was $7.1 million</a>; in Q1 2024, it&nbsp;hit $43.8 million,&nbsp;indicating a&nbsp;<a href="https://www.morningstar.com/news/business-wire/20240508916868/immersion-corporation-reports-first-quarter-2024-results" target="_blank">517% boost</a>&nbsp;in the consolidated&nbsp;top line&nbsp;from the previous year.</p>



<p>Such a substantial increase suggests that Immersion has&nbsp;significantly improved its monetization tactics, greatly broadened its market reach, or both.&nbsp;Indeed, this sharp boost in revenue is a fundamental strength for the firm, signaling that Immersion can continue to make a sizable profit. It is necessary to support expansion, keep operations going, and promote development.</p>



<p>Further, GAAP earnings-per-share (<a href="https://investorplace.com/stock-quotes/eps-stock-quote/"><strong>EPS</strong></a>) boosted to&nbsp;<a href="https://www.businesswire.com/news/home/20240508916868/en/" target="_blank">59 cents per diluted&nbsp;</a>share in Q1 2024 from 25 cents in Q1 2023. Similarly, non-GAAP EPS boomed to 63 cents per diluted share from 29 cents in Q1 2023. Immersion&rsquo;s solid cost control and operational edge in its increased EPS and the improvement in both GAAP and non-GAAP net income.</p>



<p>Overall, Immersion has an edge in translating sales growth into increased profitability because it guarantees sustainable growth that adds value and may raise its price.</p>



<p><strong><em>On <a href="https://investorplace.com/stock-types/penny-stocks/">Penny Stocks</a> and Low-Volume Stocks:&#8239;</em></strong><em>With only the rarest exceptions,&nbsp;InvestorPlace&nbsp;does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s&nbsp;writers disclose this fact and warn readers of the risks.</em></p>



<p><strong><em>Read More:&#8239;</em></strong><a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank"><em>Penny Stocks &mdash;&nbsp;How to Profit Without Getting Scammed</em></a></p>



<p><em>On the date of publication, Yiannis Zourmpanos did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>



<p></p>
<div><p>Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.</p></div><h3>More From InvestorPlace</h3>
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<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Stocks are inherently enticing.</p>



<p>First, they let you purchase the power to have a say in the operations of a company through voting. Then you can receive payouts through dividends. And finally, you profit off of your original investment by selling your stock. However, for everyday investors, putting a few hundred dollars into a company you don&rsquo;t know inside-out is a hard bargain.</p>



<p>Most investors want a cheap company with high growth potential. Of course, this comes with risks, like volatility. However, multiple, well-known companies trade for less than $20, letting you stretch your money out. Oftentimes, these inexpensive stocks see growth in valuations that beat the whole market. </p>



<p>It&rsquo;s time you get your foot in the door by investing in these three, sub-$20 stocks with great growth potential.</p>



<h2><strong>SentinelOne (S)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/sentinelone-1600-300x169.png" alt="The logo for SentinelOne (S) is seen on on an office building."><div>Source: Tada Images / Shutterstock.com</div></div><p><strong>SentinelOne, Inc. </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/s-stock-quote/"><strong>S</strong></a></span>) is a software-as-a-service (<strong>SaaS</strong>) company that specializes in cybersecurity. </p>



<p>S provides its services internationally. It has a &ldquo;Singularity Platform&rdquo; which delivers AI powered autonomous threat prevention, detection and response capabilities for its clients. It is currently trading at $18.15, having gone down 32.43% over the last year, indicating the perfect time to buy the dip.</p>



<p>Further, S has beaten earnings estimates by large margins for the past four quarters. Additionally, while it isn&rsquo;t profitable yet, S has seen an insane quarterly <a href="https://finance.yahoo.com/quote/S/key-statistics/">revenue growth of 39.70%</a>. This indicates that its products are gaining traction, bringing up the potential for profitability. An onslaught of new deals and positive news supports this. In just the past month alone, SentinelOne has <a href="https://finance.yahoo.com/news/sentinelone-advantage-partner-deliver-next-130000195.html">partnered with <strong>Advantage</strong></a>, a New Zealand-based cybersecurity firm. Additionally, the company is providing <a href="https://finance.yahoo.com/news/sentinelone-transforms-cloud-security-aws-130000952.html">new security services to AWS</a> customers, indicating another product expansion.</p>



<p>These new developments highlight the competency of management and the company&rsquo;s bright future. With the stock being cheap right now, investors may want to jump in.</p>



<h2><strong>Heritage Insurance Holdings (HRTG)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/home-insurance-300x169.jpg" alt="miniature home next to pen, pad of paper, calculator and coins on a desk"><div>Source: MIND AND I / Shutterstock.com</div></div><p><strong>Heritage Insurance Holdings </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/hrtg-stock-quote/"><strong>HRTG</strong></a></span>) provides personal and commercial residential insurance, primarily within the U.S. In addition, it offers restoration, emergency and recovery services. HRTG stock is trading at $8.00. Fiscal year 2023 is the first time in two years that the company made a profit.</p>



<p>Currently, HRTG has an <a href="https://finance.yahoo.com/quote/HRTG/key-statistics/">operating margin of 11.87%</a> and a profit margin of 6.07%. Analysts have set an <a href="https://finance.yahoo.com/quote/HRTG/">average price target of $10</a> for the stock, indicating a growth potential of 27.88%. The year-over-year (<strong>YOY</strong>) quarterly revenue growth rate is 8.10%, indicating increasing revenue. This is accompanied by an earnings growth of 1.50%. Also, an EBITDA of $75.38 million and positive cash flow are positive metrics.</p>



<p>Therefore, HRTG has great financials and has seen enormous growth in the past. Its consumer-centric model, as evident by recent <a href="https://finance.yahoo.com/news/heritage-insurance-holdings-inc-announces-200700221.html">rate reductions</a>, is only helping its case. This is definitely one growth stock in which you should invest.</p>



<h2><strong>Carnival Co. (CCL)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/ccl1600-300x169.png" alt="Carnival (CCL) logo sign in the night at their headquarters in Miami, Florida, USA. Carnival Cruise Line is an international cruise line."><div>Source: JHVEPhoto / Shutterstock.com</div></div><p><strong>Carnival Co. </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/ccl-stock-quote/"><strong>CCL</strong></a>) </span>operates within the leisure travel services sector internationally. But its most well-known services are offered in the North American market. The company sells its cruises through travel agents, tour operators, vacation planners, and both third and first party websites.</p>



<p>Currently, CCL trades at $16.74 with a market cap of $21.405 billion. The company has a thin <a href="https://finance.yahoo.com/quote/CCL/key-statistics/">profit and operating margin, at 1.80% and 5.10%</a> respectively. The YOY quarterly revenue growth rate is 22%, which indicates increasing revenue. While it didn&rsquo;t break even last year, it has consistently beaten EPS predictions in the past three quarters.</p>



<p>While the travel sector is definitely volatile, CCL is going to benefit from the ongoing post-Covid19 travel surge. Analysts have taken stock of this, offering an <a href="https://finance.yahoo.com/quote/CCL/">average price target that is 27.11% higher</a> than the current price, indicating future growth plans. New expansions are extremely <a href="https://finance.yahoo.com/news/cunard-celebrates-record-bookings-following-203200054.html">successful</a>, which also indicates management&rsquo;s competency. This all makes CCL stock a buy under $20.</p>



<p><em>On the date of publication, Achintya Pasricha did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em> </em><em>Publishing Guidelines.</em></a></p>
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Heritage Insurance rejoins Russell 3000 index

BCAL

BKKT

BRBS

CALB

CFFI

COHN

CWAN

DAVE

EVBN

FCCO

FFNW

IMMR

INBK

ISTR

LNKB

MFIN

MITT

MNSB

NBBK

PEBK

PROP

PVBC

PWOD

RDZN

SCYX

SEVN

SNFCA

VERY

ZENV

Insurance

Press Releases

Heritage Announces Fourth Quarter and Full Year 2023 Earnings Dates

Heritage Reports Fourth Quarter 2023 Results

Opinion

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Heritage Insurance Holdings Announces Share Repurchase Program

Heritage Announces First Quarter 2024 Earnings Dates

Heritage Announces Full Placement of 2024-2025 CAT XOL Reinsurance Program

Heritage Reports First Quarter 2024 Results

Heritage Insurance Holdings, Inc. Announces Approved 3.3% Rate Decrease for Property and Casualty Insurance in Florida

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Heritage Insurance Hldgs

Heritage Insurance Hldgs (HRTG) Forecast

Heritage Insurance Hldgs (NYSE:HRTG) Stock, Quote.Headers.trade-ideas