Timothy Moura Sells 24,769 Shares of Heritage Insurance (NYSE:HRTG) Stock

Heritage Insurance Holdings, Inc. (NYSE:HRTG) insider Timothy Moura sold 24,769 shares of the firm’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $25.76, for a total value of $638,049.44. Following the transaction, the insider directly owned 160,045 shares of the company’s stock, valued at $4,122,759.20. This represents a 13.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Timothy Moura also recently made the following trade(s):

• On Wednesday, April 1st, Timothy Moura sold 25,721 shares of Heritage Insurance stock. The shares were sold at an average price of $25.79, for a total transaction of $663,344.59.
• On Thursday, March 19th, Timothy Moura sold 29,133 shares of Heritage Insurance stock. The stock was sold at an average price of $26.63, for a total transaction of $775,811.79.

Heritage Insurance Stock Up 0.1%

Shares of Heritage Insurance stock opened at $26.21 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.83 and a quick ratio of 0.83. The company has a 50-day moving average of $26.38 and a 200 day moving average of $26.66. The firm has a market cap of $805.23 million, a price-to-earnings ratio of 4.15 and a beta of 0.95. Heritage Insurance Holdings, Inc. has a 1 year low of $13.27 and a 1 year high of $31.98.

Heritage Insurance (NYSE:HRTG) last posted its quarterly earnings data on Monday, March 9th. The insurance provider reported $2.15 EPS for the quarter, topping the consensus estimate of $1.61 by $0.54. The business had revenue of $215.32 million for the quarter, compared to analyst estimates of $212.60 million. Heritage Insurance had a net margin of 23.08% and a return on equity of 47.28%. As a group, sell-side analysts anticipate that Heritage Insurance Holdings, Inc. will post 1.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Zacks Research raised Heritage Insurance from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Heritage Insurance in a research report on Friday, March 27th. Citigroup reiterated a “market perform” rating on shares of Heritage Insurance in a research note on Tuesday, March 10th. Finally, Truist Financial boosted their target price on Heritage Insurance from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $33.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in shares of Heritage Insurance in the third quarter worth approximately $25,000. Financial Management Professionals Inc. bought a new stake in shares of Heritage Insurance during the third quarter valued at approximately $26,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Heritage Insurance during the fourth quarter valued at approximately $31,000. Royal Bank of Canada raised its holdings in Heritage Insurance by 72.6% in the 4th quarter. Royal Bank of Canada now owns 1,182 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 497 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Heritage Insurance in the 3rd quarter worth approximately $36,000. 59.03% of the stock is owned by hedge funds and other institutional investors.

Heritage Insurance Company Profile

Heritage Insurance Holdings, Inc (NYSE: HRTG) is a property and casualty insurance holding company that offers homeowners insurance and related coverage products in the United States. Through its primary subsidiary, Heritage Property & Casualty Insurance Company, the firm underwrites standard and non-standard personal lines insurance, including homeowners, dwelling fire, flood, and condominium policies. Heritage leverages a network of independent insurance agents to distribute its products across select regional markets, with an emphasis on serving property owners in areas prone to severe weather events.

Founded in 2011 and headquartered in Jupiter, Florida, Heritage Insurance has grown to become one of the leading providers of residential property insurance in the state.