Heritage Insurance Holdings, Inc. (NYSE:HRTG – Get Free Report) CAO Sharon Binnun sold 9,200 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $24.36, for a total transaction of $224,112.00. Following the transaction, the chief accounting officer directly owned 114,788 shares of the company’s stock, valued at approximately $2,796,235.68. This trade represents a 7.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sharon Binnun also recently made the following trade(s):
- On Friday, May 1st, Sharon Binnun sold 9,200 shares of Heritage Insurance stock. The stock was sold at an average price of $28.99, for a total transaction of $266,708.00.
- On Wednesday, April 1st, Sharon Binnun sold 9,200 shares of Heritage Insurance stock. The shares were sold at an average price of $25.72, for a total transaction of $236,624.00.
Heritage Insurance Trading Up 2.4%
Shares of NYSE:HRTG opened at $25.55 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $24.45 and its 200 day moving average price is $26.07. The company has a market cap of $775.47 million, a PE ratio of 3.92 and a beta of 0.91. Heritage Insurance Holdings, Inc. has a fifty-two week low of $16.83 and a fifty-two week high of $31.98.
Institutional Trading of Heritage Insurance
Hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of Heritage Insurance in the third quarter valued at $25,000. Mcguire Capital Advisors Inc. acquired a new position in Heritage Insurance during the fourth quarter worth about $31,000. Royal Bank of Canada grew its holdings in Heritage Insurance by 72.6% during the fourth quarter. Royal Bank of Canada now owns 1,182 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 497 shares during the period. Optiver Holding B.V. raised its position in Heritage Insurance by 510.0% in the first quarter. Optiver Holding B.V. now owns 1,403 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 1,173 shares in the last quarter. Finally, Harbour Investments Inc. bought a new stake in Heritage Insurance in the fourth quarter worth about $50,000. Institutional investors own 59.03% of the company’s stock.
Analyst Ratings Changes
HRTG has been the topic of several analyst reports. Citigroup restated a “market perform” rating on shares of Heritage Insurance in a research report on Tuesday, March 10th. Weiss Ratings lowered Heritage Insurance from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Wall Street Zen cut Heritage Insurance from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial lowered their target price on shares of Heritage Insurance from $39.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Finally, Zacks Research downgraded shares of Heritage Insurance from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Heritage Insurance currently has an average rating of “Hold” and a consensus price target of $36.00.
Check Out Our Latest Stock Analysis on HRTG
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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