Richard Widdicombe - Heritage Insurance Chairman of the Board, President
| HRTG Stock | USD 13.57 0.21 1.52% |
Chairman
Mr. Richard A. Widdicombe is President, Director of the Company. Mr. Widdicombe has served on our Board and as our President since we began operations in August 2012. Mr. Widdicombe served as our Chief Executive Officer from August 2012 to May 2014. Prior to joining the Company, Mr. Widdicombe served as Risk Manager of Homeowners Choice Property Casualty Insurance Company from November 2009 to September 2011. Prior to that, Mr. Widdicombe served as President of Peoples Trust Insurance Company from July 2007 to February 2009. Mr. Widdicombe brings to the Board an indepth knowledge of the insurance industry gained from his years of leadership experience at multiple insurance carriers. since 2020.
| Age | 61 |
| Tenure | 5 years |
| Address | 1401 North Westshore Blvd., Tampa, FL, United States, 33607 |
| Phone | 727 362 7200 |
| Web | https://investors.heritagepci.com |
Richard Widdicombe Latest Insider Activity
Tracking and analyzing the buying and selling activities of Richard Widdicombe against Heritage Insurance stock is an integral part of due diligence when investing in Heritage Insurance. Richard Widdicombe insider activity provides valuable insight into whether Heritage Insurance is net buyers or sellers over its current business cycle. Note, Heritage Insurance insiders must abide by specific rules, including filing SEC forms every time they buy or sell Heritage Insurance'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Richard Widdicombe over six months ago Acquisition by Richard Widdicombe of 12422 shares of Heritage Insurance subject to Rule 16b-3 |
Heritage Insurance Management Efficiency
The company has return on total asset (ROA) of 0.0255 % which means that it generated a profit of $0.0255 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.2408 %, meaning that it created $0.2408 on every $100 dollars invested by stockholders. Heritage Insurance's management efficiency ratios could be used to measure how well Heritage Insurance manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Heritage Insurance's Return On Capital Employed is most likely to slightly decrease in the upcoming years. The Heritage Insurance's current Return On Equity is estimated to increase to 0.22, while Return On Tangible Assets are projected to decrease to 0.02. At this time, Heritage Insurance's Intangible Assets are most likely to increase significantly in the upcoming years. The Heritage Insurance's current Fixed Asset Turnover is estimated to increase to 21.76, while Non Current Assets Total are projected to decrease to roughly 103.8 M.Similar Executives
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| Sean Downes | Universal Insurance Holdings | 55 | |
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Management Performance
| Return On Equity | 0.24 | ||||
| Return On Asset | 0.0255 |
Heritage Insurance Hldgs Leadership Team
Elected by the shareholders, the Heritage Insurance's board of directors comprises two types of representatives: Heritage Insurance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Heritage. The board's role is to monitor Heritage Insurance's management team and ensure that shareholders' interests are well served. Heritage Insurance's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Heritage Insurance's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Panagiotis Apostolou, Independent Director | ||
| Joseph Peiso, Vice President - Compliance | ||
| Ernie Garateix, Chief Executive Officer, Director | ||
| Arash Solemani, Executive Vice President and Director of Investor Relations | ||
| Irini Barlas, Independent Director | ||
| Sharon CPA, Chief Officer | ||
| Kirk Lusk, Chief Financial Officer | ||
| Mark Berset, Director | ||
| Stephen Rohde, CFO, Secretary and Treasurer | ||
| Sharon Binnun, Executive Vice President - Finance | ||
| Vijay Walvekar, Independent Director | ||
| Steven Martindale, Director | ||
| Nicholas Pappas, Independent Director | ||
| Randy Jones, Pres Division | ||
| Timothy Johns, President Company | ||
| Tim Johns, President of Zephyr Insurance Company | ||
| Richard Widdicombe, Chairman of the Board, President | ||
| Tim Moura, President - Narragansett Bay Insurance Company | ||
| Joseph Vattamattam, Independent Director | ||
| Ernesto CPCU, CEO Director | ||
| Arlene Luis, Ex Commercial | ||
| Timothy Moura, President Company |
Heritage Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Heritage Insurance a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.24 | ||||
| Return On Asset | 0.0255 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.15 % | ||||
| Current Valuation | 104.02 M | ||||
| Shares Outstanding | 30.61 M | ||||
| Shares Owned By Insiders | 26.24 % | ||||
| Shares Owned By Institutions | 57.81 % | ||||
| Number Of Shares Shorted | 654.12 K | ||||
| Price To Earning | 5.09 X |
Currently Active Assets on Macroaxis
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: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 closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Is Property & Casualty Insurance space 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 (0.43) | Earnings Share 2.01 | Revenue Per Share | Quarterly Revenue Growth 0.125 | Return On Assets |
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.