Heritage Insurance Holdings Inc (NYSE:HRTG) Director Steven C. Martindale bought 2,039 shares of Heritage Insurance stock in a transaction on Tuesday, August 7th. The shares were purchased at an average cost of $15.08 per share, for a total transaction of $30,748.12. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of HRTG traded up $0.27 during trading on Friday, reaching $14.59. 6,050 shares of the company traded hands, compared to its average volume of 143,378. Heritage Insurance Holdings Inc has a twelve month low of $8.85 and a twelve month high of $19.15. The stock has a market cap of $398.55 million, a PE ratio of 9.34 and a beta of 1.32. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.83 and a quick ratio of 0.83.
Heritage Insurance (NYSE:HRTG) last announced its quarterly earnings results on Monday, May 7th. The insurance provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.13. Heritage Insurance had a net margin of 0.79% and a return on equity of 10.88%. The business had revenue of $112.03 million during the quarter, compared to analysts’ expectations of $137.03 million. sell-side analysts expect that Heritage Insurance Holdings Inc will post 1.5 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 3rd. Shareholders of record on Saturday, September 15th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Thursday, September 13th. Heritage Insurance’s dividend payout ratio is presently 15.69%.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Foundry Partners LLC increased its position in shares of Heritage Insurance by 1.3% during the first quarter. Foundry Partners LLC now owns 301,600 shares of the insurance provider’s stock valued at $4,572,000 after acquiring an additional 3,925 shares during the last quarter. Sei Investments Co. increased its position in shares of Heritage Insurance by 7.0% during the first quarter. Sei Investments Co. now owns 60,995 shares of the insurance provider’s stock valued at $924,000 after acquiring an additional 3,998 shares during the last quarter. First Trust Advisors LP increased its position in shares of Heritage Insurance by 18.0% during the second 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 last quarter. New York State Common Retirement Fund increased its position in shares of Heritage Insurance by 6.5% during the first quarter. New York State Common Retirement Fund now owns 76,606 shares of the insurance provider’s stock valued at $1,161,000 after acquiring an additional 4,672 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Heritage Insurance by 16.5% during the second quarter. Swiss National Bank now owns 42,300 shares of the insurance provider’s stock valued at $705,000 after acquiring an additional 6,000 shares during the last quarter. Institutional investors and hedge funds own 79.93% of the company’s stock.
A number of brokerages have commented on HRTG. Zacks Investment Research downgraded shares of Heritage Insurance from a “hold” rating to a “strong sell” rating in a research note on Thursday. ValuEngine downgraded shares of Heritage Insurance from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Sandler O’Neill reiterated a “buy” rating and set a $19.00 price target on shares of Heritage Insurance in a research report on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.50.
About Heritage Insurance
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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