Heritage Insurance (NYSE:HRTG) Insider Timothy Moura Sells 15,104 Shares

Heritage Insurance Holdings, Inc. (NYSE:HRTGGet Free Report) insider Timothy Moura sold 15,104 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $32.49, for a total value of $490,728.96. Following the completion of the transaction, the insider owned 144,941 shares in the company, valued at $4,709,133.09. This represents a 9.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Heritage Insurance Trading Up 2.5%

HRTG stock traded up $0.79 during midday trading on Wednesday, hitting $32.97. 363,606 shares of the company’s stock were exchanged, compared to its average volume of 374,607. Heritage Insurance Holdings, Inc. has a 1-year low of $20.48 and a 1-year high of $36.50. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $980.20 million, a PE ratio of 4.70 and a beta of 0.89. The business has a 50-day simple moving average of $26.51 and a two-hundred day simple moving average of $26.15.

Heritage Insurance (NYSE:HRTGGet Free Report) last released its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.80. The business had revenue of $214.19 million during the quarter, compared to analysts’ expectations of $212.71 million. Heritage Insurance had a return on equity of 44.15% and a net margin of 25.19%. On average, sell-side analysts predict that Heritage Insurance Holdings, Inc. will post 4.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HRTG. Kestra Private Wealth Services LLC increased its holdings in shares of Heritage Insurance by 1.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 26,303 shares of the insurance provider’s stock valued at $690,000 after acquiring an additional 489 shares during the last quarter. Royal Bank of Canada lifted its stake 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 purchasing an additional 497 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Heritage Insurance by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,621 shares of the insurance provider’s stock valued at $196,000 after purchasing an additional 546 shares in the last quarter. Graham Capital Management L.P. increased its stake in Heritage Insurance by 4.2% in the fourth quarter. Graham Capital Management L.P. now owns 19,378 shares of the insurance provider’s stock valued at $567,000 after purchasing an additional 789 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in Heritage Insurance in the third quarter valued at approximately $25,000. Institutional investors and hedge funds own 59.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Zacks Research upgraded shares of Heritage Insurance from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Piper Sandler boosted their target price on Heritage Insurance from $27.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Heritage Insurance in a research report on Friday. Truist Financial lifted their price objective on Heritage Insurance from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen downgraded Heritage Insurance from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.50.

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Heritage Insurance Company Profile

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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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Insider Buying and Selling by Quarter for Heritage Insurance (NYSE:HRTG)

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