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

Heritage Insurance Holdings, Inc. (NYSE:HRTG) Director Paul L. Whiting bought 50,000 shares of the business’s stock in a transaction on Monday, May 6th. The stock was bought at an average cost of $8.35 per share, for a total transaction of $417,500.00. Following the purchase, the director now directly owns 59,662 shares of the company’s stock, valued at approximately $498,177.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Heritage Insurance Trading Down 2.1 %

NYSE:HRTG opened at $8.05 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.77 and a quick ratio of 0.77. The business’s 50-day simple moving average is $9.24 and its 200-day simple moving average is $7.66. Heritage Insurance Holdings, Inc. has a fifty-two week low of $3.66 and a fifty-two week high of $11.23. The stock has a market capitalization of $246.50 million, a PE ratio of 4.91 and a beta of 0.92.

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

Wall Street Analyst Weigh In

HRTG has been the subject of a number of recent analyst reports. StockNews.com cut Heritage Insurance from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Piper Sandler reaffirmed a “neutral” rating and issued a $9.00 target price on shares of Heritage Insurance in a research note on Monday, April 1st. JMP Securities reiterated a “market perform” rating on shares of Heritage Insurance in a report on Monday, April 15th. Finally, Truist Financial boosted their price target on shares of Heritage Insurance from $9.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Three equities research 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, Heritage Insurance has a consensus rating of “Hold” and an average target price of $9.00.

Hedge Funds Weigh In On Heritage Insurance

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HRTG. Tower Research Capital LLC TRC acquired a new stake in shares of Heritage Insurance in the 4th quarter valued at about $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 acquired a new stake in Heritage Insurance in the 1st quarter valued at approximately $155,000. O Shaughnessy Asset Management LLC bought a new stake in Heritage Insurance in the 3rd quarter valued at approximately $172,000. Finally, Ritholtz Wealth Management boosted its position in Heritage Insurance by 232.0% during the 4th quarter. Ritholtz Wealth Management now owns 34,097 shares of the insurance provider’s stock worth $222,000 after acquiring an additional 23,826 shares during 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.