Heritage Insurance Holdings (Heritage Insurance Holdings) Momentum Rank : 3 (As of May. 06, 2024)

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What is Heritage Insurance Holdings Momentum Rank?

Heritage Insurance Holdings has the Momentum Rank of 3.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Heritage Insurance Holdings's Momentum Rank

For the Insurance - Property & Casualty subindustry, Heritage Insurance Holdings's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Heritage Insurance Holdings's Momentum Rank Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Heritage Insurance Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Heritage Insurance Holdings's Momentum Rank falls into.

Heritage Insurance Holdings Momentum Rank Related Terms

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Heritage Insurance Holdings (Heritage Insurance Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Heritage Insurance Holdings Inc (NYSE:HRTG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

11H:Germany

Address

1401 N. Westshore Boulevard, Tampa, FL, USA, 33607

Website

https://investors.heritagepci.com

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 more than 10 states in the United States. It also offers commercial residential insurance primarily for its Florida properties. Heritage Insurance manages insurance underwriting, customer services, actuarial analysis, distribution, and claims processing internally.

Executives

Paul L Whiting	director	2910 BAY TO BAY BLVD #200, TAMPA FL 33629
Ernie J Garateix	officer: Chief Operating Officer	2600 MCCORMICK DRIVE, SUITE 300, CLEARWATER IL 33759
Richard A Widdicombe	director, officer: President	P O BOX 407193, FORT LAUDERDALE FL 33340
Raymond T Hyer	10 percent owner	3919 E 7TH AVENUE, TAMPA FL 33605
Timothy Moura	officer: See Remarks	C/O 2600 MCCORMICK DRIVE, SUITE 300, CLEARWATER FL 33301
Kirk Lusk	officer: Chief Financial Officer	2600 MCCORMICK DRIVE, SUITE 300, CLEARWATER FL 33759
Sean W Poole	other: Member of Group	3919 E 7TH AVE, TAMPA FL 33605
Tara K Tira	other: Member of Group	3919 E 7TH AVENUE, TAMPA FL 33605
Kathleen A Hyer	other: Member of Group	3919 E 7TH AVENUE, TAMPA FL 33605
Hyer Family Partnership, Llc	other: Member of Group	3919 E 7TH AVE, TAMPA FL 33605
Futura Circuits Corp.	other: Member of Group	3919 E 7TH AVE, TAMPA FL 33605
Steven C. Martindale	officer: Chief Financial Officer	C/O HERITAGE INSURANCE HOLDINGS, INC., 2600 MCCORMICK DRIVE SUITE 300, CLEARWATER FL 33759
Timothy E. Johns	officer: See Remarks	C/O HEI, P.O. BOX 730, HONOLULU HI 96808
Bruce Lucas	director, officer: Chairman & CEO	2109 E. PALM AVENUE, TAMPA FL 33605
Mark S Berset	director	700 CENTRAL AVE, SAINT PETERSBURG FL 33701