Shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG - Get Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $23.40 and traded as low as $21.36. Heritage Insurance shares last traded at $21.62, with a volume of 297,533 shares trading hands.
Analysts Set New Price Targets
Several research firms have recently commented on HRTG. Piper Sandler lifted their price target on shares of Heritage Insurance from $19.00 to $28.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Wall Street Zen raised shares of Heritage Insurance from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Finally, Truist Financial lifted their target price on shares of Heritage Insurance from $20.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, May 8th.
Get Our Latest Analysis on Heritage Insurance
Heritage Insurance Stock Up 1.6%
The stock has a 50 day simple moving average of $23.31 and a 200-day simple moving average of $17.30. 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 firm has a market cap of $676.76 million, a PE ratio of 8.63 and a beta of 1.01.
Heritage Insurance (NYSE:HRTG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The insurance provider reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.53. Heritage Insurance had a return on equity of 26.95% and a net margin of 9.29%. The company had revenue of $211.52 million for the quarter, compared to the consensus estimate of $213.68 million. Sell-side analysts predict that Heritage Insurance Holdings, Inc. will post 1.86 EPS for the current fiscal year.
Insider Buying and Selling at Heritage Insurance
In other Heritage Insurance news, Director Panagiotis Apostolou sold 25,000 shares of Heritage Insurance stock in a transaction that occurred 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 of the company's stock, valued at approximately $4,183,862.60. The trade was a 13.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 14.00% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of HRTG. Dimensional Fund Advisors LP boosted its holdings in shares of Heritage Insurance by 14.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,569,667 shares of the insurance provider's stock worth $18,993,000 after buying an additional 193,590 shares during the period. Vanguard Group Inc. raised its holdings in Heritage Insurance by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 1,328,135 shares of the insurance provider's stock worth $16,070,000 after buying an additional 9,452 shares during the period. Invesco Ltd. lifted its position in Heritage Insurance by 24.0% during the fourth quarter. Invesco Ltd. now owns 944,639 shares of the insurance provider's stock worth $11,430,000 after purchasing an additional 182,624 shares during the period. Pacific Ridge Capital Partners LLC raised its stake in Heritage Insurance by 33.7% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 813,557 shares of the insurance provider's stock worth $9,844,000 after acquiring an additional 205,195 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Heritage Insurance by 14.7% during the first quarter. American Century Companies Inc. now owns 676,814 shares of the insurance provider's stock worth $9,760,000 after acquiring an additional 86,915 shares in the last quarter. 59.03% of the stock is owned by institutional investors and hedge funds.
About Heritage Insurance
(
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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