Key Points
- CFO Kirk Lusk sold 8,331 shares on December 2 at an average price of $28.21 for $235,017.51, leaving him with 550,425 shares — a 1.49% reduction in his position.
- Those sales are part of a string of insider disposals from September through November, which total roughly $1.69 million across six disclosed transactions.
- Heritage recently reported a large earnings beat (EPS $1.63 vs. $0.53 expected), and the stock trades around $27.40 with a market cap of about $847M, a P/E of 5.72, and an analyst consensus rating of Buy with a $32.50 target.
Heritage Insurance Holdings, Inc. (NYSE:HRTG - Get Free Report) CFO Kirk Lusk sold 8,331 shares of the firm's stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $28.21, for a total transaction of $235,017.51. Following the completion of the transaction, the chief financial officer directly owned 550,425 shares of the company's stock, valued at approximately $15,527,489.25. This trade represents a 1.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Kirk Lusk also recently made the following trade(s):
- On Wednesday, November 5th, Kirk Lusk sold 19,929 shares of Heritage Insurance stock. The shares were sold at an average price of $24.18, for a total value of $481,883.22.
- On Tuesday, November 4th, Kirk Lusk sold 71 shares of Heritage Insurance stock. The stock was sold at an average price of $24.00, for a total value of $1,704.00.
- On Friday, October 3rd, Kirk Lusk sold 6,803 shares of Heritage Insurance stock. The shares were sold at an average price of $24.16, for a total transaction of $164,360.48.
- On Wednesday, October 1st, Kirk Lusk sold 13,197 shares of Heritage Insurance stock. The stock was sold at an average price of $24.77, for a total transaction of $326,889.69.
- On Friday, September 12th, Kirk Lusk sold 20,000 shares of Heritage Insurance stock. The shares were sold at an average price of $24.17, for a total transaction of $483,400.00.
Heritage Insurance Stock Performance
NYSE HRTG traded down $0.92 on Friday, reaching $27.40. The stock had a trading volume of 21,765 shares, compared to its average volume of 402,214. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $846.96 million, a P/E ratio of 5.72 and a beta of 0.96. The firm has a fifty day moving average of $26.23 and a two-hundred day moving average of $24.08. Heritage Insurance Holdings, Inc. has a 1-year low of $9.89 and a 1-year high of $31.98.
Heritage Insurance (NYSE:HRTG - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $1.10. Heritage Insurance had a net margin of 17.72% and a return on equity of 41.44%. The company had revenue of $212.46 million during the quarter, compared to the consensus estimate of $210.12 million. On average, equities research analysts anticipate that Heritage Insurance Holdings, Inc. will post 1.86 EPS for the current year.
Institutional Trading of Heritage Insurance
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HRTG. Vanguard Group Inc. raised its position in shares of Heritage Insurance by 8.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,646,731 shares of the insurance provider's stock worth $41,465,000 after acquiring an additional 132,271 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Heritage Insurance by 8.7% during the 3rd quarter. Marshall Wace LLP now owns 1,024,357 shares of the insurance provider's stock valued at $25,793,000 after purchasing an additional 82,190 shares in the last quarter. American Century Companies Inc. grew its stake in Heritage Insurance by 11.5% during the third quarter. American Century Companies Inc. now owns 888,452 shares of the insurance provider's stock worth $22,371,000 after purchasing an additional 91,847 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in Heritage Insurance by 33.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 648,773 shares of the insurance provider's stock worth $16,180,000 after purchasing an additional 163,142 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Heritage Insurance by 69.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 526,377 shares of the insurance provider's stock worth $13,128,000 after purchasing an additional 216,019 shares in the last quarter. Institutional investors and hedge funds own 59.03% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on HRTG shares. Weiss Ratings upgraded shares of Heritage Insurance from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Saturday, October 25th. Zacks Research raised shares of Heritage Insurance from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 6th. Wall Street Zen cut shares of Heritage Insurance from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Truist Financial upped their price target on shares of Heritage Insurance from $35.00 to $37.00 and gave the stock a "buy" rating in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $32.50.
Read Our Latest Stock Report on Heritage Insurance
Heritage Insurance Company Profile
(
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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