This is a contrast between Heritage Insurance Holdings Inc. (NYSE:HRTG) and Third Point Reinsurance Ltd. (NYSE:TPRE) based on their risk, analyst recommendations, profitability, dividends, institutional ownership, earnings and valuation. The two companies are Property & Casualty Insurance and they also compete with each other.
Earnings and Valuation
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Heritage Insurance Holdings Inc.||480.17M||0.84||27.16M||-0.21||0.00|
|Third Point Reinsurance Ltd.||377.31M||2.88||317.69M||0.21||54.88|
Table 1 shows top-line revenue, earnings per share (EPS) and valuation of the two companies.
Table 2 shows us Heritage Insurance Holdings Inc. and Third Point Reinsurance Ltd.’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Heritage Insurance Holdings Inc.||5.66%||4.7%||1%|
|Third Point Reinsurance Ltd.||-84.20%||1.6%||0.6%|
Volatility & Risk
Heritage Insurance Holdings Inc.’s current beta is 1.02 and it happens to be 2.00% more volatile than S&P 500. Competitively, Third Point Reinsurance Ltd.’s beta is 1.05 which is 5.00% more volatile than S&P 500.
Heritage Insurance Holdings Inc. pays out its dividends annually at $0.24 per share and 1.76% dividend yield. Third Point Reinsurance Ltd. does not offer a dividend.
Insider & Institutional Ownership
Roughly 79.3% of Heritage Insurance Holdings Inc. shares are owned by institutional investors while 72.3% of Third Point Reinsurance Ltd. are owned by institutional investors. 8.3% are Heritage Insurance Holdings Inc.’s share owned by insiders. Comparatively, Third Point Reinsurance Ltd. has 1.6% of it’s share owned by insiders.
In this table we provide the Weekly, Monthly, Quarterly, Half Yearly, Yearly and YTD Performance of both pretenders.
|Performance (W)||Performance (M)||Performance (Q)||Performance (HY)||Performance (Y)||Performance (YTD)|
|Heritage Insurance Holdings Inc.||1.34%||4.13%||-6.38%||4.06%||-9.84%||2.72%|
|Third Point Reinsurance Ltd.||0.18%||7.04%||8.7%||-16.36%||-21.33%||16.7%|
For the past year Heritage Insurance Holdings Inc.’s stock price has smaller growth than Third Point Reinsurance Ltd.
Heritage Insurance Holdings Inc. beats Third Point Reinsurance Ltd. on 7 of the 11 factors.
Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential insurance for single-family homeowners and condominium owners; rental property insurance; and commercial residential insurance, as well as insurance policies for residential wind insurance in the state of Florida, North Carolina, South Carolina, Hawaii, Georgia, Alabama, and Mississippi. As of December 31, 2016, it had approximately 319,676 personal residential policies and 3,625 commercial residential policies. The company markets and writes its personal lines voluntary policies through a network of approximately 1,900 independent agents; and commercial residential voluntary policies through a network of approximately 400 independent agents. It also provides restoration, and emergency and recovery services; and property management, retail agency, and reinsurance services. Heritage Insurance Holdings, Inc. was founded in 2012 and is headquartered in Clearwater, Florida.
Third Point Reinsurance Ltd., through its subsidiaries, provides specialty property and casualty reinsurance products to insurance and reinsurance companies in the Americas, Europe, the Middle East, Africa, and Asia. The company underwrites property, workers compensation, personal automobile, general and professional liability, mortgage, and extended warranty insurance products, as well as multi-line reinsurance products. Third Point Reinsurance Ltd. was incorporated in 2011 and is based in Pembroke, Bermuda.