Is Heritage Insurance Holdings, Inc. (HRTG) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Insurance - Property & Casualty | ✗ NOT HALAL | |||
| DJIM | Excluded — Insurance - Property & Casualty | ✗ NOT HALAL | |||
| MSCI | Excluded — Insurance - Property & Casualty | ✗ NOT HALAL | |||
| S&P | Excluded — Insurance - Property & Casualty | ✗ NOT HALAL | |||
| FTSE | Excluded — Insurance - Property & Casualty | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 42.5% | |
| Operating Margin | 41.6% | |
| Net Margin | 23.1% | |
| Return on Equity (ROE) | 49.1% | |
| Return on Assets (ROA) | 7.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $87M |
| Free Cash Flow | $79M |
| Total Debt | $141M |
| Debt-to-Equity | 19.8 |
| Current Ratio | 0.8 |
| Total Assets | $2.5B |
Price & Trading
| Last Close | $26.49 |
| 50-Day MA | $26.36 |
| 200-Day MA | $25.21 |
| Avg Volume | 322K |
| Beta | 0.9 |
|
52-Week Range
$13.28
| |
About Heritage Insurance Holdings, Inc. (HRTG)
Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products. It offers personal residential insurance in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; and commercial residential property insurance in Florida, Hawaii, New Jersey, and New York. The company also provides homeowners insurance, condo insurance, dwelling fire, equipment coverage, and artisan contractor program. It offers insurance products through a network of independent agents. The company was founded in 2012 and is headquartered in Tampa, Florida.
Related Halal Stocks in Financial Services
Frequently Asked Questions
Is Heritage Insurance Holdings, Inc. (HRTG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Heritage Insurance Holdings, Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Heritage Insurance Holdings, Inc.'s debt ratio?
Heritage Insurance Holdings, Inc.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Heritage Insurance Holdings, Inc.'s key financial metrics?
Heritage Insurance Holdings, Inc. has a market capitalization of $798M, trailing P/E ratio of 4.1, and revenue of $817M. The company maintains a gross margin of 42.5% and a net margin of 23.1%. Return on equity stands at 49.1%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.