Key Points
- CEO Ernie Garateix sold 8,334 HRTG shares on Feb. 20 at an average price of $24.12 for about $201,016, trimming his position by 0.74% to 1,120,170 shares.
- Heritage Insurance trades near $27.73 with a market cap of $857M, a P/E of 5.74 and a 52‑week range of $9.89–$31.98, with 50/200‑day moving averages around $26.72/$25.86.
- Analysts give HRTG a "Moderate Buy" consensus with a target price of $32.50, and institutional ownership is high at 59.03% with several large investors recently increasing stakes.
Heritage Insurance Holdings, Inc. (NYSE:HRTG - Get Free Report) CEO Ernie Garateix sold 8,334 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $24.12, for a total transaction of $201,016.08. Following the completion of the sale, the chief executive officer owned 1,120,170 shares in the company, valued at $27,018,500.40. The trade was a 0.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Heritage Insurance Stock Performance
HRTG opened at $27.73 on Wednesday. The firm has a fifty day moving average price of $26.72 and a 200 day moving average price of $25.86. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.82. Heritage Insurance Holdings, Inc. has a 1 year low of $9.89 and a 1 year high of $31.98. The stock has a market cap of $857.07 million, a P/E ratio of 5.74 and a beta of 0.96.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on HRTG. Truist Financial upped their price objective on shares of Heritage Insurance from $35.00 to $37.00 and gave the company a "buy" rating in a research note on Friday, November 7th. Zacks Research cut Heritage Insurance from a "strong-buy" rating to a "hold" rating in a report on Monday, January 5th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Heritage Insurance in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $32.50.
Get Our Latest Stock Analysis on HRTG
Institutional Trading of Heritage Insurance
A number of large investors have recently made changes to their positions in the company. Marshall Wace LLP raised its stake in shares of Heritage Insurance by 58.9% during the second quarter. Marshall Wace LLP now owns 942,167 shares of the insurance provider's stock worth $23,498,000 after purchasing an additional 349,168 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Heritage Insurance by 223.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 462,075 shares of the insurance provider's stock worth $11,635,000 after buying an additional 319,434 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Heritage Insurance by 290.8% in the 2nd quarter. Prudential Financial Inc. now owns 383,582 shares of the insurance provider's stock worth $9,567,000 after acquiring an additional 285,425 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Heritage Insurance by 14.2% in the fourth quarter. Vanguard Group Inc. now owns 1,881,027 shares of the insurance provider's stock valued at $55,039,000 after acquiring an additional 234,296 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Heritage Insurance by 69.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 526,377 shares of the insurance provider's stock worth $13,128,000 after acquiring an additional 216,019 shares during the period. 59.03% of the stock is owned by institutional investors and hedge funds.
About Heritage Insurance
(
Get Free Report)
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.
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