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. Eastern Bankshares Down 11% As Q4 Earnings Fell Shy Of Estimates
  2. There Is A "Good Chance" Ethereum Flips Bitcoin, ETH Co-Founder Asserts
  3. What Morgan Stanley CEO James Gorman Thinks About Crypto
  4. J.B. Hunt Falls On Lower Profit In Q3, Below Street View
  5. Crypto Market Sentiment Muted Amidst Central Bank Reviews