Truist raised the firm’s price target on Heritage Insurance (HRTG) to $20 from $15 and keeps a Buy rating on the shares. The company reported a Q4 beat as its underlying loss ratio continues improvement, the analyst tells investors in a research note. The firm increased earnings estimates following the report. Heritage anticipates an even more meaningful amount of rate to earn through the portfolio in 2025, the analyst tells investors in a research note.
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