Heritage Insurance Drops 10% After Projecting Catastrophe Losses

On:

Shares of Heritage Insurance Holdings, Inc. (HRTG) are falling more than 10% Thursday morning, trading at $5.64.

The property and casualty insurance provider with a market cap of about $144 million said it expects about $40 million catastrophe
loss for the third quarter.

The catastrophe losses during the quarter included loss from the Maui Wildfire, as well as due to Hurricane Idalia.

HRTG has traded in the range of $1.12 – $6.70 in the last 1 year.

Source: Read Full Article

Lates News:
  1. Investment Strategist Lyn Alden: Bitcoin Is ‘By Most Metrics’ in ‘A Deep Value Zone’
  2. Jordan Peterson Sparks Discussion on Bitcoin vs. Traditional Banks
  3. HCA Healthcare Rallies On Better-than-expected Results
  4. Eos Energy Soars On $500 Mln Plan To Increase Production
  5. $BTC: Popular Crypto Analyst Points to Bullish Pattern Suggesting Bitcoin Could Trade at $80,000 Next Year