Heritage Insurance Holdings, Inc. (NYSE:HRTG – Get Free Report) Director Paul Whiting bought 16,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of $23.56 per share, for a total transaction of $376,960.00. Following the acquisition, the director directly owned 103,126 shares of the company’s stock, valued at $2,429,648.56. The trade was a 18.36% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Heritage Insurance Price Performance
Heritage Insurance stock traded up $0.11 during trading hours on Wednesday, hitting $23.26. The stock had a trading volume of 745,126 shares, compared to its average volume of 357,405. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $705.79 million, a price-to-earnings ratio of 3.57 and a beta of 1.03. Heritage Insurance Holdings, Inc. has a 1-year low of $16.83 and a 1-year high of $31.98. The stock’s fifty day moving average is $26.59 and its two-hundred day moving average is $27.03.
Heritage Insurance (NYSE:HRTG – Get Free Report) last posted its earnings results on Thursday, May 7th. The insurance provider reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.34). The firm had revenue of $212.66 million during the quarter, compared to analyst estimates of $215.39 million. Heritage Insurance had a net margin of 23.76% and a return on equity of 43.68%. As a group, analysts predict that Heritage Insurance Holdings, Inc. will post 4.33 earnings per share for the current fiscal year.
Analyst Ratings Changes
Read Our Latest Analysis on HRTG
Institutional Trading of Heritage Insurance
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Heritage Insurance by 14.2% in the 4th quarter. Vanguard Group Inc. now owns 1,881,027 shares of the insurance provider’s stock worth $55,039,000 after purchasing an additional 234,296 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Heritage Insurance by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,246,923 shares of the insurance provider’s stock worth $32,732,000 after purchasing an additional 36,879 shares during the period. Marshall Wace LLP raised its holdings in shares of Heritage Insurance by 8.7% in the 3rd quarter. Marshall Wace LLP now owns 1,024,357 shares of the insurance provider’s stock worth $25,793,000 after purchasing an additional 82,190 shares during the period. American Century Companies Inc. raised its holdings in shares of Heritage Insurance by 11.5% in the 3rd quarter. American Century Companies Inc. now owns 888,452 shares of the insurance provider’s stock worth $22,371,000 after purchasing an additional 91,847 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Heritage Insurance by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 665,902 shares of the insurance provider’s stock worth $19,486,000 after purchasing an additional 34,996 shares during the period. Institutional investors and hedge funds own 59.03% of the company’s stock.
About Heritage Insurance
Heritage Insurance Holdings, Inc (NYSE: HRTG) is a property and casualty insurance holding company that offers homeowners insurance and related coverage products in the United States. Through its primary subsidiary, Heritage Property & Casualty Insurance Company, the firm underwrites standard and non-standard personal lines insurance, including homeowners, dwelling fire, flood, and condominium policies. Heritage leverages a network of independent insurance agents to distribute its products across select regional markets, with an emphasis on serving property owners in areas prone to severe weather events.
Founded in 2011 and headquartered in Jupiter, Florida, Heritage Insurance has grown to become one of the leading providers of residential property insurance in the state.
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