On Thursday, Heritage Insurance got an upgrade for its IBD SmartSelect Composite Rating from 93 to 96.
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The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria.
Heritage Insurance has now climbed above a proper buy zone after breaking out from a 15.80 entry in a cup with handle.
One weak spot is the company's 43 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.
In Q1, the company posted 111% earnings growth. Top line growth came in at 11%, down from 12% in the previous quarter.
Heritage Insurance holds the No. 9 rank among its peers in the Insurance-Property/Casualty/Title industry group. Root Cl A, Skyward Specialty Ins and Goosehead Insurance Cl A are among the top 5 highly-rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
