Heritage Insurance (HRTG) to Release Quarterly Earnings on Tuesday

Heritage Insurance (NYSE:HRTG - Get Free Report) is projected to release its Q1 2025 earnings data after the market closes on Tuesday, May 6th. Analysts expect Heritage Insurance to post earnings of $0.46 per share and revenue of $213.68 million for the quarter.

Heritage Insurance (NYSE:HRTG - Get Free Report) last posted its earnings results on Tuesday, March 11th. The insurance provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.17) by $0.83. The company had revenue of $210.26 million during the quarter, compared to analysts' expectations of $199.87 million. Heritage Insurance had a net margin of 9.10% and a return on equity of 29.17%. On average, analysts expect Heritage Insurance to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Heritage Insurance Stock Performance

Heritage Insurance stock traded up $0.61 during trading hours on Friday, hitting $19.46. The company had a trading volume of 388,798 shares, compared to its average volume of 380,261. Heritage Insurance has a one year low of $6.14 and a one year high of $19.97. The firm has a market cap of $603.12 million, a PE ratio of 7.78 and a beta of 0.95. The firm has a 50-day moving average of $15.09 and a 200 day moving average of $12.84. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.76 and a quick ratio of 0.76.

Insider Activity

In other news, CFO Kirk Lusk acquired 6,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was acquired at an average price of $13.85 per share, with a total value of $83,100.00. Following the completion of the transaction, the chief financial officer now directly owns 618,756 shares of the company's stock, valued at $8,569,770.60. This trade represents a 0.98 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul L. Whiting bought 10,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was purchased at an average cost of $13.35 per share, for a total transaction of $133,500.00. Following the completion of the acquisition, the director now owns 79,576 shares in the company, valued at approximately $1,062,339.60. This trade represents a 14.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 21,000 shares of company stock worth $280,450. Corporate insiders own 14.00% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Heritage Insurance from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th.

About Heritage Insurance

Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential insurance in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; commercial residential insurance for properties in Florida, New Jersey, and New York; and licensed in the state of Pennsylvania, as well as personal residential and wind-only property insurance.