Heritage Insurance Holdings, Inc. (NYSE:HRTG - Get Free Report) Director Nicholas George Pappas sold 1,000 shares of Heritage Insurance stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $10.87, for a total value of $10,870.00. Following the sale, the director now directly owns 81,400 shares of the company's stock, valued at $884,818. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Nicholas George Pappas also recently made the following trade(s):
- 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.
- On Friday, February 2nd, Nicholas George Pappas sold 1,500 shares of Heritage Insurance stock. The stock was sold at an average price of $5.93, for a total value of $8,895.00.
Heritage Insurance Trading Down 2.9 %
NYSE HRTG opened at $10.56 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.54. Heritage Insurance Holdings, Inc. has a twelve month low of $2.85 and a twelve month high of $11.23. The company has a market cap of $319.12 million, a price-to-earnings ratio of 6.14 and a beta of 0.90. The business's fifty day moving average is $7.58 and its 200 day moving average is $6.97.
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Heritage Insurance (NYSE:HRTG - Get Free Report) last released its quarterly earnings data on Monday, March 11th. The insurance provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.70. Heritage Insurance had a return on equity of 26.69% and a net margin of 6.16%. The company had revenue of $186.97 million for the quarter, compared to the consensus estimate of $185.11 million. As a group, sell-side analysts expect that Heritage Insurance Holdings, Inc. will post 1.52 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
HRTG has been the subject of several research reports. JMP Securities reissued a "market perform" rating on shares of Heritage Insurance in a report on Wednesday, March 13th. Truist Financial raised their price objective 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 reiterated a "neutral" rating and issued a $9.00 price target on shares of Heritage Insurance in a research note on Monday. Finally, StockNews.com upgraded Heritage Insurance from a "hold" rating to a "buy" rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Heritage Insurance currently has a consensus rating of "Moderate Buy" and an average target price of $9.00.
View Our Latest Stock Analysis on HRTG
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC acquired a new position in Heritage Insurance during the 3rd quarter worth about $33,000. Tower Research Capital LLC TRC acquired a new position in Heritage Insurance during the 4th quarter worth about $40,000. Qube Research & Technologies Ltd acquired a new position in Heritage Insurance during the 3rd quarter worth about $43,000. Charles Schwab Investment Management Inc. acquired a new position in Heritage Insurance during the 1st quarter worth about $31,000. Finally, Ritholtz Wealth Management acquired a new position in Heritage Insurance during the 3rd quarter worth about $67,000. 59.03% of the stock is owned by institutional investors and hedge funds.
About Heritage Insurance
(
Get Free Report)
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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