ASIC
Ategrity Specialty Holdings LLC
Insurance - Property & Casualty
Market Cap$943M
5Y Perf.-8.8%
Compare Stocks
2 / 10Try these comparisons:
Stock Comparison
ASIC vs HRTG
Revenue, margins, valuation, and 5-year total return — side by side.
HRTG
Heritage Insurance Holdings, Inc.
Insurance - Property & Casualty
Market Cap$888M
5Y Perf.+15.2%
ASIC vs HRTG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ASIC | HRTG |
|---|---|---|
| Industry | Insurance - Property & Casualty | Insurance - Property & Casualty |
| Market Cap | $943M | $888M |
| Revenue (TTM) | $424M | $842M |
| Net Income (TTM) | $74M | $149M |
| Gross Margin | 50.0% | 35.7% |
| Operating Margin | 22.6% | 24.9% |
| Forward P/E | 10.1x | 6.2x |
| Total Debt | $0.00 | $141M |
| Cash & Equiv. | $30M | $453M |
ASIC vs HRTG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
ASIC
HRTG
| Stock | Jun 25 | May 26 | Return |
|---|---|---|---|
| Ategrity Specialty … (ASIC) | 100 | 91.2 | -8.8% |
| Heritage Insurance … (HRTG) | 100 | 115.2 | +15.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ASIC vs HRTG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: ASIC leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Heritage Insurance Holdings, Inc. is the stronger pick specifically for recent price momentum and sentiment and operational efficiency and capital deployment. As sector peers, any of these can serve as alternatives in the same allocation.
ASIC
Ategrity Specialty Holdings LLC
The Insurance Pick
ASIC carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 1 yrs, beta 0.31, yield 0.8%
- Rev growth 23.4%, EPS growth 66.7%
- Lower volatility, beta 0.31, current ratio 0.69x
Best for: income & stability and growth exposure
HRTG
Heritage Insurance Holdings, Inc.
The Insurance Pick
HRTG is the clearest fit if your priority is long-term compounding.
- 131.2% 10Y total return vs ASIC's -20.5%
- +44.8% vs ASIC's -20.5%
- 6.2% ROA vs ASIC's 5.4%
Best for: long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | ASIC | 23.4% revenue growth vs HRTG's 11.1% |
| Value | ASIC | Better valuation composite |
| Quality / Margins | ASIC | Combined ratio 0.8 vs HRTG's 0.9 (lower = better underwriting) |
| Stability / Safety | ASIC | Beta 0.31 vs HRTG's 0.50 |
| Dividends | ASIC | 0.8% yield; 1-year raise streak; the other pay no meaningful dividend |
| Momentum (1Y) | HRTG | +44.8% vs ASIC's -20.5% |
| Efficiency (ROA) | HRTG | 6.2% ROA vs ASIC's 5.4% |
ASIC vs HRTG — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
Segment breakdown not available.
ASIC vs HRTG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLASICLAGGINGHRTG
HRTGHeritage Insurance Ho…
1leads
ASICAtegrity Specialty Ho…
1leads
6 Total Categories
CATEGORYLEADERvs HRTGMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
Tied
—
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
Tied
—
Total Returns1Y, 3Y, 5Y total returns with dividends
HRTG6/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
ASIC1/1
Income & Cash Flow (Last 12 Months)
Evenly matched — ASIC and HRTG each lead in 2 of 4 comparable metrics.
Income & Cash Flow (Last 12 Months)
HRTG is the larger business by revenue, generating $842M annually — 2.0x ASIC's $424M. Profitability is closely matched — net margins range from 17.7% (HRTG) to 17.4% (ASIC).
| Metric | ASICAtegrity Specialt… | HRTGHeritage Insuranc… |
|---|---|---|
| RevenueTrailing 12 months | $424M | $842M |
| EBITDAEarnings before interest/tax | $97M | $222M |
| Net IncomeAfter-tax profit | $74M | $149M |
| Free Cash FlowCash after capex | $100M | $110M |
| Gross MarginGross profit ÷ Revenue | +50.0% | +35.7% |
| Operating MarginEBIT ÷ Revenue | +22.6% | +24.9% |
| Net MarginNet income ÷ Revenue | +17.4% | +17.7% |
| FCF MarginFCF ÷ Revenue | +23.5% | +13.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | +0.3% |
| EPS Growth (YoY)Latest quarter vs prior year | — | +5.0% |
Evenly matched — ASIC and HRTG each lead in 2 of 4 comparable metrics.
Valuation Metrics
Evenly matched — ASIC and HRTG each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 12.3x trailing earnings, ASIC trades at a 14% valuation discount to HRTG's 14.3x P/E. On an enterprise value basis, HRTG's 6.3x EV/EBITDA is more attractive than ASIC's 9.4x.
| Metric | ASICAtegrity Specialt… | HRTGHeritage Insuranc… |
|---|---|---|
| Market CapShares × price | $943M | $888M |
| Enterprise ValueMkt cap + debt − cash | $913M | $576M |
| Trailing P/EPrice ÷ TTM EPS | 12.26x | 14.29x |
| Forward P/EPrice ÷ next-FY EPS est. | 10.10x | 6.22x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.92x |
| EV / EBITDAEnterprise value multiple | 9.39x | 6.25x |
| Price / SalesMarket cap ÷ Revenue | 2.22x | 1.09x |
| Price / BookPrice ÷ Book value/share | 1.48x | 3.03x |
| Price / FCFMarket cap ÷ FCF | 6.70x | 11.26x |
Evenly matched — ASIC and HRTG each lead in 3 of 6 comparable metrics.
Profitability & Efficiency
Evenly matched — ASIC and HRTG each lead in 3 of 6 comparable metrics.
Profitability & Efficiency
HRTG delivers a 41.4% return on equity — every $100 of shareholder capital generates $41 in annual profit, vs $14 for ASIC.
| Metric | ASICAtegrity Specialt… | HRTGHeritage Insuranc… |
|---|---|---|
| ROE (TTM)Return on equity | +13.5% | +41.4% |
| ROA (TTM)Return on assets | +5.4% | +6.2% |
| ROICReturn on invested capital | +15.0% | — |
| ROCEReturn on capital employed | +18.7% | +3.6% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 |
| Debt / EquityFinancial leverage | — | 0.49x |
| Net DebtTotal debt minus cash | -$30M | -$311M |
| Cash & Equiv.Liquid assets | $30M | $453M |
| Total DebtShort + long-term debt | $0 | $141M |
| Interest CoverageEBIT ÷ Interest expense | 71.63x | 23.95x |
Evenly matched — ASIC and HRTG each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
HRTG leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in HRTG five years ago would be worth $33,472 today (with dividends reinvested), compared to $7,950 for ASIC. Over the past 12 months, HRTG leads with a +44.8% total return vs ASIC's -20.5%. The 3-year compound annual growth rate (CAGR) favors HRTG at 91.5% vs ASIC's -7.4% — a key indicator of consistent wealth creation.
| Metric | ASICAtegrity Specialt… | HRTGHeritage Insuranc… |
|---|---|---|
| YTD ReturnYear-to-date | -2.7% | +5.3% |
| 1-Year ReturnPast 12 months | -20.5% | +44.8% |
| 3-Year ReturnCumulative with dividends | -20.5% | +602.2% |
| 5-Year ReturnCumulative with dividends | -20.5% | +234.7% |
| 10-Year ReturnCumulative with dividends | -20.5% | +131.2% |
| CAGR (3Y)Annualised 3-year return | -7.4% | +91.5% |
HRTG leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
Evenly matched — ASIC and HRTG each lead in 1 of 2 comparable metrics.
Risk & Volatility
ASIC is the less volatile stock with a 0.31 beta — it tends to amplify market swings less than HRTG's 0.50 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. HRTG currently trades 89.8% from its 52-week high vs ASIC's 77.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ASICAtegrity Specialt… | HRTGHeritage Insuranc… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.31x | 0.50x |
| 52-Week HighHighest price in past year | $25.30 | $31.98 |
| 52-Week LowLowest price in past year | $16.35 | $16.83 |
| % of 52W HighCurrent price vs 52-week peak | +77.5% | +89.8% |
| RSI (14)Momentum oscillator 0–100 | 41.6 | 58.2 |
| Avg Volume (50D)Average daily shares traded | 92K | 283K |
Evenly matched — ASIC and HRTG each lead in 1 of 2 comparable metrics.
Analyst Outlook
ASIC leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates ASIC as "Buy" and HRTG as "Buy". Consensus price targets imply 35.8% upside for HRTG (target: $39) vs 30.0% for ASIC (target: $26). ASIC is the only dividend payer here at 0.76% yield — a key consideration for income-focused portfolios.
| Metric | ASICAtegrity Specialt… | HRTGHeritage Insuranc… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $25.50 | $39.00 |
| # AnalystsCovering analysts | 4 | 9 |
| Dividend YieldAnnual dividend ÷ price | +0.8% | +0.0% |
| Dividend StreakConsecutive years of raises | 1 | 1 |
| Dividend / ShareAnnual DPS | $0.15 | $0.00 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.3% | +0.0% |
ASIC leads this category, winning 1 of 1 comparable metric.
Key Takeaway
HRTG leads in 1 of 6 categories (Total Returns). ASIC leads in 1 (Analyst Outlook). 4 tied.
Best OverallAtegrity Specialty Holdings… (ASIC)Leads 1 of 6 categories
Loading custom metrics...
ASIC vs HRTG: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is ASIC or HRTG a better buy right now?
For growth investors, Ategrity Specialty Holdings LLC (ASIC) is the stronger pick with 23.
4% revenue growth year-over-year, versus 11. 1% for Heritage Insurance Holdings, Inc. (HRTG). Ategrity Specialty Holdings LLC (ASIC) offers the better valuation at 12. 3x trailing P/E (10. 1x forward), making it the more compelling value choice. Analysts rate Ategrity Specialty Holdings LLC (ASIC) a "Buy" — based on 4 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — ASIC or HRTG?
On trailing P/E, Ategrity Specialty Holdings LLC (ASIC) is the cheapest at 12.
3x versus Heritage Insurance Holdings, Inc. at 14. 3x. On forward P/E, Heritage Insurance Holdings, Inc. is actually cheaper at 6. 2x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — ASIC or HRTG?
Over the past 5 years, Heritage Insurance Holdings, Inc.
(HRTG) delivered a total return of +234. 7%, compared to -20. 5% for Ategrity Specialty Holdings LLC (ASIC). Over 10 years, the gap is even starker: HRTG returned +131. 2% versus ASIC's -20. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — ASIC or HRTG?
By beta (market sensitivity over 5 years), Ategrity Specialty Holdings LLC (ASIC) is the lower-risk stock at 0.
31β versus Heritage Insurance Holdings, Inc. 's 0. 50β — meaning HRTG is approximately 61% more volatile than ASIC relative to the S&P 500.
05Which is growing faster — ASIC or HRTG?
By revenue growth (latest reported year), Ategrity Specialty Holdings LLC (ASIC) is pulling ahead at 23.
4% versus 11. 1% for Heritage Insurance Holdings, Inc. (HRTG). On earnings-per-share growth, the picture is similar: Ategrity Specialty Holdings LLC grew EPS 66. 7% year-over-year, compared to 16. 2% for Heritage Insurance Holdings, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — ASIC or HRTG?
Ategrity Specialty Holdings LLC (ASIC) is the more profitable company, earning 17.
4% net margin versus 7. 5% for Heritage Insurance Holdings, Inc. — meaning it keeps 17. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ASIC leads at 22. 6% versus 10. 1% for HRTG. At the gross margin level — before operating expenses — ASIC leads at 50. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is ASIC or HRTG more undervalued right now?
On forward earnings alone, Heritage Insurance Holdings, Inc.
(HRTG) trades at 6. 2x forward P/E versus 10. 1x for Ategrity Specialty Holdings LLC — 3. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for HRTG: 35. 8% to $39. 00.
08Which pays a better dividend — ASIC or HRTG?
In this comparison, ASIC (0.
8% yield) pays a dividend. HRTG does not pay a meaningful dividend and should not be held primarily for income.
09Is ASIC or HRTG better for a retirement portfolio?
For long-horizon retirement investors, Ategrity Specialty Holdings LLC (ASIC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
31), 0. 8% yield). Both have compounded well over 10 years (ASIC: -20. 5%, HRTG: +131. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between ASIC and HRTG?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: ASIC is a small-cap high-growth stock; HRTG is a small-cap deep-value stock. ASIC pays a dividend while HRTG does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.
Revenue Growth>
%
(ASIC: 23.4% · HRTG: 0.3%)Net Margin>
%
(ASIC: 17.4% · HRTG: 17.7%)P/E Ratio<
x
(ASIC: 12.3x · HRTG: 14.3x)You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.