Heritage Insurance Holdings Inc (NYSE:HRTG) Director Steven C. Martindale bought 1,002 shares of the company’s stock in a transaction dated Tuesday, November 6th. The stock was purchased at an average cost of $16.21 per share, for a total transaction of $16,242.42. Following the completion of the acquisition, the director now owns 12,673 shares in the company, valued at approximately $205,429.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Heritage Insurance stock traded down $0.55 during trading hours on Friday, hitting $16.31. The company had a trading volume of 3,171 shares, compared to its average volume of 174,867. The stock has a market cap of $440.00 million, a P/E ratio of 10.82 and a beta of 1.16. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.46. Heritage Insurance Holdings Inc has a one year low of $12.85 and a one year high of $19.15.
Heritage Insurance (NYSE:HRTG) last released its quarterly earnings results on Wednesday, October 31st. The insurance provider reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.36. The firm had revenue of $125.30 million for the quarter, compared to analysts’ expectations of $123.59 million. Heritage Insurance had a net margin of 3.92% and a return on equity of 13.90%. Equities analysts anticipate that Heritage Insurance Holdings Inc will post 1.18 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. Sun Life Financial INC bought a new position in Heritage Insurance in the 2nd quarter valued at about $178,000. Quantitative Systematic Strategies LLC bought a new position in Heritage Insurance in the 2nd quarter valued at about $245,000. First Trust Advisors LP raised its holdings in Heritage Insurance by 18.0% in the 2nd quarter. First Trust Advisors LP now owns 26,498 shares of the insurance provider’s stock valued at $442,000 after acquiring an additional 4,048 shares during the period. State Board of Administration of Florida Retirement System bought a new position in Heritage Insurance in the 2nd quarter valued at about $519,000. Finally, Clear Harbor Asset Management LLC bought a new position in shares of Heritage Insurance during the second quarter worth approximately $521,000. 77.69% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on HRTG. Citigroup dropped their target price on shares of Heritage Insurance from $17.00 to $16.50 and set a “buy” rating on the stock in a report on Friday, October 12th. Zacks Investment Research raised shares of Heritage Insurance from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 3rd. Sandler O’Neill reaffirmed a “buy” rating and issued a $19.00 target price on shares of Heritage Insurance in a report on Friday, August 3rd. Finally, ValuEngine cut shares of Heritage Insurance from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Heritage Insurance currently has an average rating of “Buy” and an average price target of $19.92.
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Heritage Insurance Company Profile
Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential property insurance for single-family homeowners and condominium owners; rental property insurance; and commercial residential insurance, as well as residential wind-only property insurance in Alabama, Connecticut, Florida, Georgia, Hawaii, Massachusetts, New York, New Jersey, North Carolina, Rhode Island, and South Carolina.
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