Heritage Insurance (HRTG) Projected to Post Earnings on Tuesday

Key Points

• Heritage Insurance (NYSE:HRTG) is set to announce its Q2 2025 earnings on August 5th, with analysts expecting earnings of $1.03 per share and revenue of $212.12 million.
• In its last report, Heritage Insurance surpassed analyst expectations with an EPS of $0.99, considerably better than the consensus estimate of $0.46.
• Recent analyst reports have raised the target price for Heritage Insurance, with Truist Financial increasing it from $20.00 to $30.00, indicating a positive outlook for the company.

Heritage Insurance (NYSE:HRTG - Get Free Report) is anticipated to issue its Q2 2025 quarterly earnings data after the market closes on Tuesday, August 5th. Analysts expect the company to announce earnings of $1.03 per share and revenue of $212.12 million for the quarter.

Heritage Insurance (NYSE:HRTG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.53. Heritage Insurance had a net margin of 9.29% and a return on equity of 26.95%. The company had revenue of $211.52 million during the quarter, compared to analysts' expectations of $213.68 million. 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 Trading Down 0.4%

Shares of HRTG traded down $0.09 during trading hours on Friday, hitting $21.01. 192,196 shares of the stock were exchanged, compared to its average volume of 348,270. Heritage Insurance has a fifty-two week low of $6.81 and a fifty-two week high of $26.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.78 and a quick ratio of 0.78. The business has a 50-day moving average of $22.75 and a 200-day moving average of $17.82. The firm has a market capitalization of $650.94 million, a P/E ratio of 8.30 and a beta of 1.01.

Insider Buying and Selling

In other Heritage Insurance news, Director Panagiotis Apostolou sold 25,000 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $25.40, for a total value of $635,000.00. Following the completion of the sale, the director directly owned 164,719 shares in the company, valued at approximately $4,183,862.60. This trade represents a 13.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 15.20% of the company's stock.

Institutional Investors Weigh In On Heritage Insurance

A number of large investors have recently bought and sold shares of the stock. Strs Ohio bought a new position in shares of Heritage Insurance in the first quarter valued at $127,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Heritage Insurance by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,621 shares of the insurance provider's stock valued at $196,000 after buying an additional 546 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Heritage Insurance by 8.4% in the first quarter. Empowered Funds LLC now owns 124,859 shares of the insurance provider's stock valued at $1,800,000 after buying an additional 9,728 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Heritage Insurance by 39.8% in the first quarter. Millennium Management LLC now owns 322,957 shares of the insurance provider's stock valued at $4,657,000 after buying an additional 91,982 shares in the last quarter. 59.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Piper Sandler increased their price objective on shares of Heritage Insurance from $19.00 to $28.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Wall Street Zen upgraded shares of Heritage Insurance from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Finally, Truist Financial increased their price objective on shares of Heritage Insurance from $20.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th.

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.