Heritage Insurance Holdings, Inc. (NYSE:HRTG) Director Paul L. Whiting Buys 50,000 Shares

Heritage Insurance Holdings, Inc. (NYSE:HRTG) Director Paul L. Whiting bought 50,000 shares of the stock in a transaction on Monday, May 6th. The stock was purchased at an average cost of $8.35 per share, with a total value of $417,500.00. Following the completion of the purchase, the director now directly owns 59,662 shares in the company, valued at approximately $498,177.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Heritage Insurance Stock Performance

NYSE:HRTG opened at $8.05 on Wednesday. Heritage Insurance Holdings, Inc. has a twelve month low of $3.66 and a twelve month high of $11.23. The firm has a market capitalization of $246.50 million, a price-to-earnings ratio of 4.91 and a beta of 0.92. 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’s fifty day simple moving average is $9.24 and its 200 day simple moving average is $7.66.

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

Wall Street Analysts Forecast Growth

HRTG has been the subject of several analyst reports. Truist Financial upped their target price on Heritage Insurance from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. JMP Securities reissued a “market perform” rating on shares of Heritage Insurance in a research report on Monday, April 15th. Piper Sandler reaffirmed a “neutral” rating and set a $9.00 price target on shares of Heritage Insurance in a research note on Monday, April 1st. Finally, StockNews.com lowered shares of Heritage Insurance from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.00.

Institutional Trading of Heritage Insurance

Several large investors have recently modified their holdings of HRTG. Tower Research Capital LLC TRC purchased a new stake in Heritage Insurance during the 4th quarter worth approximately $40,000. Quadrature Capital Ltd bought a new position in shares of Heritage Insurance during the third quarter worth about $109,000. Susquehanna Fundamental Investments LLC bought a new position in Heritage Insurance during the 1st quarter worth approximately $155,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Heritage Insurance in the 3rd quarter worth approximately $172,000. Finally, Ritholtz Wealth Management increased its holdings in shares of Heritage Insurance by 232.0% in the 4th quarter. Ritholtz Wealth Management now owns 34,097 shares of the insurance provider’s stock valued at $222,000 after acquiring an additional 23,826 shares during the last quarter. 59.03% of the stock is currently 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.