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 Tuesday, September 1st. The stock was sold at an average price of $33.91, for a total transaction of $311,972.00. Following the transaction, the chief accounting officer owned 87,188 shares in the company, valued at approximately $2,956,545.08. The trade was a 9.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 Monday, August 3rd, Sharon Binnun sold 9,200 shares of Heritage Insurance stock. The shares were sold at an average price of $30.03, for a total transaction of $276,276.00.
- 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 shares were sold at an average price of $24.36, for a total transaction of $224,112.00.
Heritage Insurance Stock Up 1.7%
Heritage Insurance stock opened at $34.92 on Friday. The firm has a market capitalization of $1.04 billion, a PE ratio of 4.97 and a beta of 0.92. The company’s 50-day moving average is $30.27 and its 200-day moving average is $27.12. Heritage Insurance Holdings, Inc. has a fifty-two week low of $20.48 and a fifty-two week high of $36.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.83 and a quick ratio of 0.83.
Analyst Ratings Changes
HRTG has been the subject of a number of recent analyst reports. Piper Sandler raised their price objective on Heritage Insurance from $27.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Truist Financial boosted their target price on Heritage Insurance from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Heritage Insurance in a research note on Friday, August 7th. Wall Street Zen raised Heritage Insurance from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Zacks Research raised shares of Heritage Insurance from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Heritage Insurance currently has a consensus rating of “Buy” and a consensus price target of $36.50.
Get Our Latest Report on Heritage Insurance
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new stake in Heritage Insurance during the third quarter worth approximately $25,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Heritage Insurance in the fourth quarter valued at approximately $31,000. Royal Bank of Canada increased its stake in shares of 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 period. Optiver Holding B.V. increased its stake in shares of Heritage Insurance by 510.0% during the first quarter. Optiver Holding B.V. now owns 1,403 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 1,173 shares during the period. Finally, Pinnacle Holdings LLC acquired a new stake in Heritage Insurance during the 2nd quarter worth approximately $48,000. 59.03% of the stock is owned by institutional investors.
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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