Published on 22 Apr 2024 on Simply Wall St. via Yahoo Finance
Heritage Insurance Holdings, Inc.'s (NYSE:HRTG) Stock On An Uptrend: Could Fundamentals Be Driving...
Most readers would already be aware that Heritage Insurance Holdings' (NYSE:HRTG) stock increased significantly by 52% over the past three months. As most would know, fundamentals are what usually guide market price movements over the long-term, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement. Particularly, we will be paying attention to Heritage Insurance Holdings' ROE today.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital.