Heritage Insurance Holdings, Inc. (NYSE:HRTG – Get Free Report) CAO Sharon Binnun sold 6,565 shares of Heritage Insurance stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $33.81, for a total value of $221,962.65. Following the transaction, the chief accounting officer directly owned 80,623 shares of the company’s stock, valued at $2,725,863.63. The trade was a 7.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Sharon Binnun also recently made the following trade(s):
- On Tuesday, September 1st, Sharon Binnun sold 9,200 shares of Heritage Insurance stock. The shares were sold at an average price of $33.91, for a total value of $311,972.00.
- On Monday, August 3rd, Sharon Binnun sold 9,200 shares of Heritage Insurance stock. The stock was 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 Performance
Heritage Insurance stock opened at $34.54 on Friday. The firm’s 50 day simple moving average is $31.19 and its 200 day simple moving average is $27.51. 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 firm has a market capitalization of $1.03 billion, a PE ratio of 4.92 and a beta of 0.92. Heritage Insurance Holdings, Inc. has a 1-year low of $20.48 and a 1-year high of $36.50.
Institutional Trading of Heritage Insurance
Several large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new position in Heritage Insurance in the 3rd quarter worth $25,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Heritage Insurance during the 4th quarter valued at about $31,000. Royal Bank of Canada increased its position 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 valued at $35,000 after buying an additional 497 shares during the period. Optiver Holding B.V. raised its stake 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 buying an additional 1,173 shares in the last quarter. Finally, Harbour Investments Inc. bought a new position in Heritage Insurance in the fourth quarter worth about $50,000. Institutional investors own 59.03% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Zacks Research upgraded Heritage Insurance from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Truist Financial upped their price objective on Heritage Insurance from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Piper Sandler increased 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. Wall Street Zen raised Heritage Insurance from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Weiss Ratings upgraded Heritage Insurance from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. One research 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 stock. Based on data from MarketBeat, Heritage Insurance currently has an average rating of “Buy” and a consensus price target of $36.50.
Read Our Latest Report on Heritage Insurance
Heritage Insurance Company Profile
Heritage Insurance Holdings, Inc is a property and casualty insurance company that provides residential property coverage through its insurance subsidiaries. Its products primarily include homeowners insurance and related coverage for personal and commercial residential properties, including protection against risks such as wind, fire and other property damage.
The company focuses on serving customers in catastrophe-exposed coastal markets, particularly in the Southeastern United States.
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