Ernie J. Garateix Purchases 5,000 Shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) Stock

Heritage Insurance Holdings, Inc. (NYSE:HRTG) CEO Ernie J. Garateix bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average price of $8.21 per share, for a total transaction of $41,050.00. Following the completion of the transaction, the chief executive officer now owns 1,067,584 shares in the company, valued at $8,764,864.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Heritage Insurance Stock Performance

Shares of HRTG opened at $8.32 on Thursday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.54. The firm’s fifty day simple moving average is $9.27 and its two-hundred day simple moving average is $7.67. Heritage Insurance Holdings, Inc. has a 12 month low of $3.73 and a 12 month high of $11.23. The stock has a market capitalization of $254.89 million, a P/E ratio of 5.07 and a beta of 0.92.

Heritage Insurance (NYSE:HRTG) last announced its earnings results on Wednesday, May 1st. The insurance provider reported $0.47 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.14). The business had revenue of $191.30 million for 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 in the previous year, the company earned $0.55 EPS. As a group, analysts predict that Heritage Insurance Holdings, Inc. will post 1.52 EPS for the current year.

Institutional Trading of Heritage Insurance

Several large investors have recently modified their holdings of HRTG. Tower Research Capital LLC TRC bought a new stake in Heritage Insurance in the 4th quarter valued at about $40,000. Fortis Capital Advisors LLC acquired a new stake in Heritage Insurance in the first quarter valued at approximately $134,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Heritage Insurance during the first quarter valued at approximately $155,000. Quadrature Capital Ltd acquired a new position in shares of Heritage Insurance during the third quarter worth approximately $109,000. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Heritage Insurance in the 3rd quarter worth $172,000. Institutional investors and hedge funds own 59.03% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Heritage Insurance

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.