Heritage Insurance Holdings, Inc. (NYSE:HRTG) Director Acquires $417,500.00 in Stock

Heritage Insurance Holdings, Inc. (NYSE:HRTG) Director Paul L. Whiting bought 50,000 shares of the stock in a transaction dated Monday, May 6th. The stock was purchased at an average cost of $8.35 per share, with a total value of $417,500.00. Following the completion of the purchase, the director now directly owns 59,662 shares in the company, valued at approximately $498,177.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Heritage Insurance Trading Down 2.2 %

HRTG stock traded down $0.18 during midday trading on Tuesday, hitting $8.04. 342,139 shares of the company’s stock were exchanged, compared to its average volume of 414,006. The stock’s fifty day moving average price is $9.23 and its 200-day moving average price is $7.64. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $246.35 million, a PE ratio of 5.01 and a beta of 0.92. Heritage Insurance Holdings, Inc. has a one year low of $3.66 and a one year high of $11.23.

Heritage Insurance (NYSE:HRTG) last issued its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.14). The firm had revenue of $191.30 million during the quarter, compared to the consensus estimate of $189.05 million. Heritage Insurance had a net margin of 6.07% and a return on equity of 25.96%. During the same quarter last year, the firm earned $0.55 earnings per share. Research analysts predict that Heritage Insurance Holdings, Inc. will post 1.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on HRTG. JMP Securities reaffirmed a “market perform” rating on shares of Heritage Insurance in a research note on Monday, April 15th. Piper Sandler reaffirmed a “neutral” rating and set a $9.00 price objective on shares of Heritage Insurance in a research note on Monday, April 1st. StockNews.com cut Heritage Insurance from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Truist Financial lifted their target price on Heritage Insurance from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $9.00.

Institutional Trading of Heritage Insurance

A number of institutional investors have recently modified their holdings of HRTG. Tower Research Capital LLC TRC bought a new stake in Heritage Insurance during the fourth quarter worth about $40,000. Susquehanna Fundamental Investments LLC bought a new stake in Heritage Insurance during the first quarter worth about $155,000. Quadrature Capital Ltd acquired a new position in Heritage Insurance during the third quarter worth approximately $109,000. O Shaughnessy Asset Management LLC acquired a new position in Heritage Insurance during the third quarter worth approximately $172,000. Finally, Ritholtz Wealth Management increased its position in Heritage Insurance by 232.0% during the fourth quarter. Ritholtz Wealth Management now owns 34,097 shares of the insurance provider’s stock worth $222,000 after buying an additional 23,826 shares during the last quarter. 59.03% of the stock is currently owned by institutional investors.

Heritage Insurance Company Profile

Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential insurance in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; commercial residential insurance for properties in Florida, New Jersey, and New York; and licensed in the state of Pennsylvania, as well as personal residential and wind-only property insurance.