News coverage about Heritage Insurance Holdings (NYSE:HRTG) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Heritage Insurance Holdings earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news stories about the insurance provider an impact score of 46.947683035259 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Heritage Insurance Holdings, Inc. (HRTG) Cut to “Buy” at BidaskClub (americanbankingnews.com)
- Heritage Insurance Holdings, Inc. (HRTG) Price Target Increased to $19.00 by Analysts at Citigroup Inc (americanbankingnews.com)
- Heritage Insurance Holdings’ (HRTG) CEO Bruce Lucas on Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Heritage Insurance Holdings, Inc. (HRTG) Downgraded by TheStreet to “C+” (americanbankingnews.com)
- Heritage Insurance Holdings, Inc. to Host Earnings Call (nasdaq.com)
A number of brokerages recently issued reports on HRTG. TheStreet downgraded Heritage Insurance Holdings from a “b-” rating to a “c” rating in a research report on Friday, August 4th. BidaskClub raised Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $17.00 price objective on shares of Heritage Insurance Holdings in a research report on Thursday, September 21st. Citigroup Inc. raised their price objective on Heritage Insurance Holdings from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $18.00 price objective on shares of Heritage Insurance Holdings in a research report on Wednesday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $18.00.
Heritage Insurance Holdings (HRTG) traded up $0.08 during midday trading on Friday, reaching $16.53. The company’s stock had a trading volume of 446,036 shares, compared to its average volume of 467,959. The firm has a market cap of $403.33, a P/E ratio of 1,653.00 and a beta of 1.44. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.62 and a current ratio of 0.62. Heritage Insurance Holdings has a 52 week low of $8.85 and a 52 week high of $16.72.
Heritage Insurance Holdings (NYSE:HRTG) last released its earnings results on Wednesday, November 1st. The insurance provider reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.23). The firm had revenue of $101.77 million during the quarter, compared to analyst estimates of $99.01 million. Heritage Insurance Holdings had a net margin of 0.27% and a return on equity of 0.30%. The business’s revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share. sell-side analysts anticipate that Heritage Insurance Holdings will post 0.73 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Thursday, November 16th. Heritage Insurance Holdings’s dividend payout ratio is currently 2,402.40%.
In other news, CEO Bruce Lucas bought 22,000 shares of the company’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $11.58 per share, with a total value of $254,760.00. Following the transaction, the chief executive officer now directly owns 869,595 shares in the company, valued at approximately $10,069,910.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James Masiello acquired 10,000 shares of the stock in a transaction dated Tuesday, August 15th. The shares were bought at an average cost of $11.71 per share, with a total value of $117,100.00. Following the completion of the transaction, the director now owns 239,795 shares of the company’s stock, valued at approximately $2,807,999.45. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 91,350 shares of company stock valued at $1,051,923. 16.10% of the stock is currently owned by corporate insiders.
Heritage Insurance Holdings Company Profile
Heritage Insurance Holdings, Inc (Heritage Insurance) is a property and casualty insurance holding company. The Company provides personal and commercial residential insurance. Through its subsidiary, Heritage Property & Casualty Insurance Company (Heritage P&C), it provides personal residential insurance for single-family homeowners and condominium owners, rental property insurance and commercial residential insurance in the state of Florida and North Carolina.
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