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.
Wall Street Analysts Forecast Growth
Several research firms recently commented on HRTG. Truist Financial raised their price target on shares of Heritage Insurance from $20.00 to $30.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Piper Sandler raised their price target on shares of Heritage Insurance from $19.00 to $28.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, 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.
Get Our Latest Research Report on Heritage Insurance
Heritage Insurance Stock Performance
The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.78 and a current ratio of 0.78. The company's fifty day simple moving average is $23.31 and its 200-day simple moving average is $17.26. The company has a market capitalization of $667.52 million, a P/E ratio of 8.51 and a beta of 1.01.
Heritage Insurance (NYSE:HRTG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The insurance provider reported $0.99 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $213.68 million. Research analysts predict that Heritage Insurance Holdings, Inc. will post 1.86 earnings per share for the current year.
Insider Transactions at Heritage Insurance
In other Heritage Insurance news, Director Panagiotis Apostolou sold 25,000 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $25.40, for a total transaction of $635,000.00. Following the transaction, the director directly owned 164,719 shares in the company, valued at $4,183,862.60. This represents a 13.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.20% of the stock is currently owned by insiders.
Institutional Trading of Heritage Insurance
A number of institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Heritage Insurance by 14.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,569,667 shares of the insurance provider's stock valued at $18,993,000 after purchasing an additional 193,590 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Heritage Insurance by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 1,328,135 shares of the insurance provider's stock valued at $16,070,000 after purchasing an additional 9,452 shares during the last quarter. Invesco Ltd. raised its position in shares of Heritage Insurance by 24.0% in the 4th quarter. Invesco Ltd. now owns 944,639 shares of the insurance provider's stock valued at $11,430,000 after purchasing an additional 182,624 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its position in shares of Heritage Insurance by 33.7% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 813,557 shares of the insurance provider's stock valued at $9,844,000 after purchasing an additional 205,195 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Heritage Insurance by 14.7% in the 1st quarter. American Century Companies Inc. now owns 676,814 shares of the insurance provider's stock valued at $9,760,000 after purchasing an additional 86,915 shares during the last quarter. 59.03% of the stock is currently owned by institutional investors.
Heritage Insurance Company Profile
(
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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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