Heritage Insurance (HRTG) to Release Quarterly Earnings on Wednesday

Heritage Insurance (NYSE:HRTG) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Heritage Insurance (NYSE:HRTG) last released its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.38 by $0.23. The company had revenue of $203.57 million for the quarter, compared to the consensus estimate of $196.81 million. Heritage Insurance had a return on equity of 26.27% and a net margin of 7.37%. During the same period last year, the business posted $0.32 EPS. On average, analysts expect Heritage Insurance to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Heritage Insurance Stock Performance

HRTG stock opened at $9.94 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.76 and a quick ratio of 0.76. Heritage Insurance has a 1-year low of $5.51 and a 1-year high of $16.90. The business has a 50-day moving average price of $13.15 and a 200 day moving average price of $10.30. The company has a market capitalization of $304.96 million, a P/E ratio of 5.10 and a beta of 0.98.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HRTG. StockNews.com lowered shares of Heritage Insurance from a “strong-buy” rating to a “buy” rating in a report on Friday, October 18th. Truist Financial raised their price objective on Heritage Insurance from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Piper Sandler upgraded shares of Heritage Insurance from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $9.00 to $13.00 in a report on Friday, August 9th.

Insider Transactions at Heritage Insurance

In related news, CEO Ernie J. Garateix bought 5,000 shares of the company’s stock in a transaction on Friday, August 9th. The shares were bought at an average price of $8.59 per share, with a total value of $42,950.00. Following the transaction, the chief executive officer now owns 1,072,584 shares in the company, valued at approximately $9,213,496.56. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Chairman Richard A. Widdicombe bought 4,437 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average price of $14.55 per share, with a total value of $64,558.35. Following the completion of the acquisition, the chairman now directly owns 696,497 shares of the company’s stock, valued at $10,134,031.35. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ernie J. Garateix purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average price of $8.59 per share, for a total transaction of $42,950.00. Following the acquisition, the chief executive officer now owns 1,072,584 shares in the company, valued at $9,213,496.56. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 14.00% of the company’s stock.

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.