Heritage Insurance Holdings (HRTG) stock trades at a P/S of 2.69, a P/B of 2.47, and an excellent P/E of 12.94. It has an incredible forward P/E of 6.68!
The catalyst: Federal Reserve rate hikes later this year will benefit insurance companies like Heritage.
The chart shows a consolidation pattern but it's dangerously close to breaking below the 50 day moving...
Notes on chart. Radian has been somewhat beleaguered until recently. Now it's heading higher on loose monetary policy statement. With some volume this week, could go much higher. Target 20.00 in 3 months.