PEAK6 LLC bought a new position in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 32,342 shares of the insurance provider’s stock, valued at approximately $843,000. PEAK6 LLC owned about 0.11% of Heritage Insurance as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of HRTG. Pinnacle Holdings LLC acquired a new position in Heritage Insurance during the 2nd quarter worth $48,000. Ieq Capital LLC acquired a new stake in Heritage Insurance during the 2nd quarter worth $494,000. Vise Technologies Inc. acquired a new stake in shares of Heritage Insurance during the second quarter worth $247,000. Quartz Partners LLC bought a new position in Heritage Insurance during the second quarter worth about $4,924,000. Finally, Meeder Asset Management Inc. bought a new position in Heritage Insurance during the 2nd quarter worth approximately $92,000. 59.03% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, insider Timothy Moura sold 15,104 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $32.49, for a total transaction of $490,728.96. Following the transaction, the insider directly owned 144,941 shares of the company’s stock, valued at approximately $4,709,133.09. The trade was a 9.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Timothy E. Johns sold 3,500 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $33.68, for a total value of $117,880.00. Following the completion of the sale, the insider owned 25,438 shares in the company, valued at approximately $856,751.84. This trade represents a 12.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 61,204 shares of company stock valued at $1,866,683. Insiders own 9.20% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on Heritage Insurance
Heritage Insurance Price Performance
Shares of HRTG opened at $33.92 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $28.39 and its 200 day simple moving average is $26.58. Heritage Insurance Holdings, Inc. has a 1-year low of $20.48 and a 1-year high of $36.50. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 4.83 and a beta of 0.89.
Heritage Insurance (NYSE:HRTG – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.80. The firm had revenue of $214.19 million during the quarter, compared to analysts’ expectations of $212.71 million. Heritage Insurance had a net margin of 25.19% and a return on equity of 42.41%. On average, research analysts forecast that Heritage Insurance Holdings, Inc. will post 5.5 earnings per share for the current fiscal year.
Heritage Insurance Company Profile
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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