Analysts have lifted their fair value estimate for Heritage Insurance Holdings from US$31.50 to US$39.00, a roughly 24% increase driven by updated earnings assumptions and stronger second quarter EPS results. Truist raised its price target to US$42 from US$36, while Piper Sandler lifted its target to US$31 from US$27, with both firms maintaining positive ratings. The revised valuation reflects a revenue growth assumption of 3.32%, a net profit margin of 10.21%, a future P/E multiple of 13.49x, and a discount rate of 7.236%. Piper Sandler noted accelerating market price softening across insurance, which could pressure margins if competition increases.
Heritage Insurance Hldgs IncAnalysts raised fair value estimate and price targets due to stronger EPS and updated assumptions.
Piper Sandler Companies
Truist Financial Corp