Capital ConstraintsCapital remains tight, as confirmed by the Board’s continued suspension of the quarterly dividend and the lack of any buyback activity.
Growth PotentialExcess capital is limited, which could limit growth potential and increase wind season risk.
ValuationShares of HRTG currently trade at about 1.0x tangible book value, compared to a peer median of 2.3x, indicating that the shares are fairly valued at current levels.