Item 5. Market for Registrant’s Common Equity
Item 5. Market For Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Common Stock
Our common stock is listed on the New York Stock Exchange (“NYSE”) under the symbol “HRTG”. As of March 4, 2025, we had 30,608,039 shares of common stock outstanding, including 1,335,923 shares of restricted stock for which restrictions have not lapsed.
Holders of Record
As of March 4, 2025, there were 63 holders of record of our common stock.
Dividends
We have not declared quarterly dividends since the first quarter of 2022. The declaration and payment of dividends will continue to be at the discretion of our board of directors and will depend on our profits, financial requirements and other factors, such as restrictions under our credit facilities, which limit our ability to pay dividends, and other legal and regulatory restrictions on the payment of dividends, our overall business condition and other elements our board of directors considers relevant. Refer to Note 22 “ Equity” to our consolidated financial statements under Item 8 of this Annual Report on Form 10-K.
Stock Performance Graph
The following five year graph and table compare the cumulative total stockholder return of our common stock over the period from December 31, 2019 through 2024, assuming an initial investment of $100 and reinvestment of dividends with the performance among Heritage, NASDAQ Insurance Index and Russell 2000 Index. We are a component of the Russell 2000 index and it provides a small and mid-cap benchmark index. The NASDAQ Insurance Index consists of all publicly traded insurance underwriters in the property and casualty sector in the United States.
Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24
Heritage Insurance Holdings Inc. 100 57 69 42 43 68
NASDAQ Insurance Index 100 112 121 137 144 184
Russell 2000 Index 100 119 146 165 115 150
Item 6. [Reserved]
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