Insider Selling: Heritage Insurance Holdings, Inc. (NYSE:HRTG) Director Sells 6,000 Shares of Stock

Heritage Insurance Holdings, Inc. (NYSE:HRTG - Get Free Report) Director Nicholas George Pappas sold 6,000 shares of Heritage Insurance stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $8.56, for a total value of $51,360.00. Following the completion of the sale, the director now owns 75,400 shares in the company, valued at $645,424. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Nicholas George Pappas also recently made the following trade(s):

• On Tuesday, March 26th, Nicholas George Pappas sold 1,000 shares of Heritage Insurance stock. The stock was sold at an average price of $10.87, for a total transaction of $10,870.00.
• On Thursday, February 29th, Nicholas George Pappas sold 1,300 shares of Heritage Insurance stock. The stock was sold at an average price of $7.06, for a total value of $9,178.00.

Heritage Insurance Trading Up 3.5 %

HRTG traded up $0.29 on Thursday, hitting $8.60. The company had a trading volume of 316,713 shares, compared to its average volume of 412,401. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.54. The firm has a market cap of $263.47 million, a P/E ratio of 5.24 and a beta of 0.92. The company's fifty day moving average price is $9.30 and its 200 day moving average price is $7.67. Heritage Insurance Holdings, Inc. has a 1 year low of $3.73 and a 1 year high of $11.23.

Heritage Insurance (NYSE:HRTG - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $0.47 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.14). Heritage Insurance had a return on equity of 25.96% and a net margin of 6.07%. The company had revenue of $191.30 million during the quarter, compared to analyst estimates of $189.05 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. As a group, equities analysts expect that Heritage Insurance Holdings, Inc. will post 1.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HRTG shares. Truist Financial raised their target price on Heritage Insurance from $9.00 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, March 13th. Piper Sandler restated a "neutral" rating and set a $9.00 price objective on shares of Heritage Insurance in a research report on Monday, April 1st. StockNews.com lowered shares of Heritage Insurance from a "buy" rating to a "hold" rating in a report on Thursday, May 2nd. Finally, JMP Securities restated a "market perform" rating on shares of Heritage Insurance in a report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Heritage Insurance presently has a consensus rating of "Hold" and an average target price of $9.00.

Institutional Investors Weigh In On Heritage Insurance

Institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC increased its stake in Heritage Insurance by 110.3% during the 3rd quarter. Acadian Asset Management LLC now owns 376,832 shares of the insurance provider's stock worth $2,444,000 after buying an additional 197,656 shares during the period. Essex Investment Management Co. LLC raised its stake in shares of Heritage Insurance by 11.2% in the fourth quarter. Essex Investment Management Co. LLC now owns 372,076 shares of the insurance provider's stock valued at $2,426,000 after acquiring an additional 37,581 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Heritage Insurance by 265.3% in the first quarter. Assenagon Asset Management S.A. now owns 314,856 shares of the insurance provider's stock valued at $3,353,000 after purchasing an additional 228,655 shares during the period. EAM Investors LLC acquired a new position in Heritage Insurance during the 3rd quarter worth $1,912,000. Finally, Legato Capital Management LLC grew its stake in Heritage Insurance by 20.2% during the 4th quarter. Legato Capital Management LLC now owns 149,980 shares of the insurance provider's stock worth $978,000 after purchasing an additional 25,155 shares in the last quarter. 59.03% of the stock is owned by institutional investors and hedge funds.

Heritage Insurance Company Profile

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.