Heritage Insurance (NYSE:HRTG) Upgraded by Zacks Research to Strong-Buy Rating

Posted by Brian Himes on Aug 14th, 2026

Heritage Insurance (NYSE:HRTG – Get Free Report) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other research firms have also commented on HRTG. Truist Financial lifted their price target on shares of Heritage Insurance from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Piper Sandler upped their price target on Heritage Insurance from $27.00 to $31.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Wall Street Zen downgraded Heritage Insurance from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Heritage Insurance in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $36.50.

Get Our Latest Research Report on HRTG

Heritage Insurance Price Performance

NYSE:HRTG opened at $33.18 on Wednesday. Heritage Insurance has a one year low of $20.48 and a one year high of $36.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $986.44 million, a PE ratio of 4.73 and a beta of 0.89. The stock has a 50 day moving average price of $26.99 and a 200 day moving average price of $26.26.

Heritage Insurance (NYSE:HRTG – Get Free Report) last released its quarterly earnings data 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. Heritage Insurance had a return on equity of 44.15% and a net margin of 25.19%.The company had revenue of $214.19 million for the quarter, compared to analyst estimates of $212.71 million. Equities research analysts expect that Heritage Insurance will post 5.5 EPS for the current fiscal year.

Insider Activity

In related news, insider Timothy Moura sold 15,104 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $32.49, for a total value of $490,728.96. Following the sale, the insider owned 144,941 shares in the company, valued at approximately $4,709,133.09. The trade was a 9.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Sharon Binnun sold 9,200 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $30.03, for a total value of $276,276.00. Following the transaction, the chief accounting officer directly 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 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 ninety days, insiders sold 42,704 shares of company stock valued at $1,235,653. 9.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Heritage Insurance

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Heritage Insurance in the second quarter valued at approximately $60,842,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Heritage Insurance during the 2nd quarter worth approximately $14,437,000. Vanguard Group Inc. lifted its holdings in Heritage Insurance by 14.2% during the 4th quarter. Vanguard Group Inc. now owns 1,881,027 shares of the insurance provider’s stock worth $55,039,000 after buying an additional 234,296 shares in the last quarter. Quartz Partners LLC acquired a new stake in Heritage Insurance during the 2nd quarter worth approximately $4,924,000. Finally, JPMorgan Chase & Co. boosted its position in Heritage Insurance by 1,078.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 140,879 shares of the insurance provider’s stock valued at $3,514,000 after buying an additional 128,927 shares during the period. Institutional investors and hedge funds own 59.03% of the company’s stock.

Heritage Insurance Company Profile

(Get Free Report)

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.