Heritage Insurance Holdings, Inc. (NYSE:HRTG – Get Free Report) CAO Sharon Binnun sold 9,200 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $30.03, for a total transaction of $276,276.00. Following the transaction, the chief accounting officer owned 96,388 shares in the company, valued at approximately $2,894,531.64. The trade was a 8.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sharon Binnun also recently made the following trade(s):
- On Wednesday, July 1st, Sharon Binnun sold 9,200 shares of Heritage Insurance stock. The shares were sold at an average price of $26.58, for a total transaction of $244,536.00.
- On Monday, June 22nd, Sharon Binnun sold 9,200 shares of Heritage Insurance stock. The stock was sold at an average price of $24.36, for a total transaction of $224,112.00.
Heritage Insurance Price Performance
Shares of NYSE HRTG opened at $30.23 on Thursday. The stock has a market cap of $917.57 million, a price-to-earnings ratio of 4.64 and a beta of 0.89. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.80 and a current ratio of 0.80. Heritage Insurance Holdings, Inc. has a fifty-two week low of $16.83 and a fifty-two week high of $31.98. The firm’s 50-day simple moving average is $25.59 and its 200 day simple moving average is $25.95.
Wall Street Analyst Weigh In
HRTG has been the subject of several recent analyst reports. Piper Sandler upped their target price on shares of Heritage Insurance from $27.00 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Zacks Research raised shares of Heritage Insurance from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Truist Financial dropped 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 report on Monday, May 11th. Wall Street Zen downgraded Heritage Insurance from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings downgraded Heritage Insurance from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.50.
View Our Latest Stock Analysis on HRTG
Institutional Investors Weigh In On Heritage Insurance
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Heritage Insurance by 14.2% during the fourth quarter. Vanguard Group Inc. now owns 1,881,027 shares of the insurance provider’s stock valued at $55,039,000 after purchasing an additional 234,296 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Heritage Insurance by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,246,923 shares of the insurance provider’s stock valued at $32,732,000 after buying an additional 36,879 shares during the period. Marshall Wace LLP raised its stake in shares of Heritage Insurance by 8.7% in the third quarter. Marshall Wace LLP now owns 1,024,357 shares of the insurance provider’s stock valued at $25,793,000 after buying an additional 82,190 shares during the period. Geode Capital Management LLC lifted its position in shares of Heritage Insurance by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 665,902 shares of the insurance provider’s stock valued at $19,486,000 after buying an additional 34,996 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Heritage Insurance by 11.4% during the 4th quarter. State Street Corp now owns 507,577 shares of the insurance provider’s stock valued at $14,852,000 after buying an additional 52,041 shares during the last quarter. Institutional investors 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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