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larrybaz

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larrybaz

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Re: nelson1234 post# 109895

Wednesday, 01/17/2024 5:06:11 PM

Wednesday, January 17, 2024 5:06:11 PM

Post# of 113732
HRTG - Heritage Insurance price target raised by $1 at JMP Securities:

The Fly - Jan 17 06:50 EDT

JMP Securities analyst Matthew Carletti raised the firm's price target on Heritage Insurance to $7 from $6 and keeps an Outperform rating on the shares. The firm expects Q4 results to be highlighted by strong mark-to-market tailwinds on investment portfolios and low catastrophe loss activity that will positively impact reported EPS and book value for many, the analyst tells investors in a research note.

Also, lots of insurers hitting 52-week highs today including:
ACIC
AEG
ALL
CB
CRBG
PGR
PRI
TRV

I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.

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