Heritage Insurance Holdings, Inc. (NYSE:HRTG - Get Free Report)'s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $19.97 and last traded at $19.79, with a volume of 161030 shares trading hands. The stock had previously closed at $18.85.
Analyst Ratings Changes
A number of brokerages have weighed in on HRTG. StockNews.com downgraded shares of Heritage Insurance from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Piper Sandler boosted their price target on Heritage Insurance from $19.00 to $28.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Truist Financial raised their price objective on Heritage Insurance from $20.00 to $30.00 and gave the stock a "buy" rating in a research report on Thursday.
Read Our Latest Analysis on HRTG
Heritage Insurance Trading Up 5.1 %
The company has a market cap of $791.72 million, a price-to-earnings ratio of 10.22 and a beta of 0.95. The firm's 50-day moving average price is $15.67 and its 200 day moving average price is $13.06. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42.
Heritage Insurance (NYSE:HRTG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.46 by $0.53. Heritage Insurance had a return on equity of 29.17% and a net margin of 9.10%. The firm had revenue of $211.52 million during the quarter, compared to analyst estimates of $213.68 million. As a group, equities analysts expect that Heritage Insurance Holdings, Inc. will post 1.86 EPS for the current year.
Insider Buying and Selling at Heritage Insurance
In related news, Director Paul L. Whiting bought 10,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average cost of $13.35 per share, with a total value of $133,500.00. Following the completion of the purchase, the director now directly owns 79,576 shares of the company's stock, valued at $1,062,339.60. This trade represents a 14.37 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Ernie J. Garateix acquired 5,000 shares of Heritage Insurance stock in a transaction that occurred on Friday, March 14th. The stock was acquired at an average price of $12.77 per share, with a total value of $63,850.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,270,808 shares in the company, valued at $16,228,218.16. This represents a 0.40 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 21,000 shares of company stock worth $280,450 over the last quarter. 15.20% of the stock is owned by corporate insiders.
Institutional Trading of Heritage Insurance
Large investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund raised its stake in shares of Heritage Insurance by 222.2% during the fourth quarter. New York State Common Retirement Fund now owns 2,900 shares of the insurance provider's stock worth $35,000 after purchasing an additional 2,000 shares during the last quarter. GAMMA Investing LLC increased its stake in Heritage Insurance by 8,472.2% during the first quarter. GAMMA Investing LLC now owns 3,086 shares of the insurance provider's stock valued at $450,000 after acquiring an additional 3,050 shares during the period. CWM LLC raised its position in shares of Heritage Insurance by 83.7% during the first quarter. CWM LLC now owns 9,951 shares of the insurance provider's stock worth $143,000 after acquiring an additional 4,535 shares during the last quarter. Triumph Capital Management bought a new stake in Heritage Insurance in the 4th quarter valued at $121,000. Finally, Cantor Fitzgerald L. P. bought a new stake in shares of Heritage Insurance during the 4th quarter worth about $133,000. Hedge funds and other institutional investors own 59.03% of the company's stock.
Heritage Insurance Company Profile
(
Get Free Report)
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.
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