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. SEC Ordered to Review Grayscale's Bitcoin ETF Bid by Appeals Court
  2. Why Spot Bitcoin ETF Approval Odds Just Shot Up, According To Bloomberg
  3. Berkshire Billionaire Warren Buffett Remains Clueless About Bitcoin, Labels It A ‘Gambling Token’
  4. ‪How Far Away Is The $50,000 Price From the Bitcoin Market? Here’s What to Watch Out For
  5. Why Ether Will Drastically Outperform Bitcoin In 2024