HRTG
For me I don't discount this much, but lets just discount it for the sake of being conservative. FNHC the other pure florida insurance player. UIHC and UVE are not pure players, because they have exposure to other geographic areas, in this quarter it is better to be pure player, as UIHC said some of that northeast exposure has come back to bite them.
Anyways back to the point FNHC is trading at 13 times analyst estimates. Even if we say HRTG doesn't deserve the same pe and I can buy that based on FNHC growth rate based on them growing polices internally for the most part. Heck lets give it a 10 pe. that gets us to $28 based on analyst estimates. either way I feel there is little downside to holding this stock right now at the $20.00 and change level, and significant upside. The next two quarters should be really good as no hurricanes will hit them. Hence I see this stock at least getting to the mid 20's if not higher. All is just my opinion, and I could always be wrong though.
