Piper Sandler reiterated their neutral rating on shares of Heritage Insurance (NYSE:HRTG - Free Report) in a research report sent to investors on Monday morning, Benzinga reports. Piper Sandler currently has a $9.00 price target on the insurance provider's stock.
A number of other analysts also recently weighed in on HRTG. JMP Securities restated a market perform rating on shares of Heritage Insurance in a research note on Wednesday, March 13th. Truist Financial lifted their price target on Heritage Insurance from $9.00 to $11.00 and gave the company a buy rating in a research note on Wednesday, March 13th. Finally, StockNews.com upgraded Heritage Insurance from a hold rating to a buy rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $9.00.
Check Out Our Latest Research Report on Heritage Insurance
Heritage Insurance Stock Performance
Shares of HRTG stock traded up $0.34 during midday trading on Monday, hitting $10.99. The company had a trading volume of 729,536 shares, compared to its average volume of 421,794. The company's 50 day simple moving average is $7.40 and its 200 day simple moving average is $6.90. Heritage Insurance has a 52-week low of $2.85 and a 52-week high of $11.23. The stock has a market cap of $332.12 million, a price-to-earnings ratio of 6.39 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.77 and a quick ratio of 0.77.
Insider Buying and Selling
In other news, Director Paul L. Whiting acquired 20,000 shares of Heritage Insurance stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average cost of $8.14 per share, with a total value of $162,800.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at approximately $162,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.90% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Heritage Insurance
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Panagora Asset Management Inc. lifted its position in shares of Heritage Insurance by 38.0% in the first quarter. Panagora Asset Management Inc. now owns 136,909 shares of the insurance provider's stock valued at $978,000 after acquiring an additional 37,672 shares in the last quarter. BlackRock Inc. lifted its position in shares of Heritage Insurance by 3.4% in the first quarter. BlackRock Inc. now owns 2,505,233 shares of the insurance provider's stock valued at $17,889,000 after acquiring an additional 82,533 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Heritage Insurance by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,326,983 shares of the insurance provider's stock valued at $9,474,000 after acquiring an additional 50,432 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Heritage Insurance in the first quarter valued at $147,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Heritage Insurance by 14.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 74,430 shares of the insurance provider's stock valued at $532,000 after acquiring an additional 9,541 shares in the last quarter. 59.03% of the stock is owned by institutional investors and hedge funds.
About Heritage Insurance
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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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