Heritage Insurance Holdings, Inc. (NYSE:HRTG - Get Free Report) CAO Sharon Binnun sold 9,200 shares of the business's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $28.99, for a total transaction of $266,708.00. Following the completion of the transaction, the chief accounting officer directly owned 123,988 shares of the company's stock, valued at $3,594,412.12. The trade was a 6.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sharon Binnun also recently made the following trade(s):
- On Wednesday, April 1st, Sharon Binnun sold 9,200 shares of Heritage Insurance stock. The shares were sold at an average price of $25.72, for a total transaction of $236,624.00.
- On Tuesday, March 17th, Sharon Binnun sold 7,893 shares of Heritage Insurance stock. The shares were sold at an average price of $28.35, for a total transaction of $223,766.55.
Heritage Insurance Trading Up 2.0%
Shares of HRTG stock opened at $29.01 on Wednesday. The firm has a 50-day moving average price of $27.26 and a 200 day moving average price of $26.99. Heritage Insurance Holdings, Inc. has a twelve month low of $16.83 and a twelve month high of $31.98. The company has a market capitalization of $880.36 million, a price-to-earnings ratio of 4.59 and a beta of 1.03. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.16.
Heritage Insurance (NYSE:HRTG - Get Free Report) last announced its earnings results on Monday, March 9th. The insurance provider reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.54. Heritage Insurance had a net margin of 23.08% and a return on equity of 47.28%. The firm had revenue of $215.32 million during the quarter, compared to the consensus estimate of $212.60 million. Research analysts forecast that Heritage Insurance Holdings, Inc. will post 4.7 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
HRTG has been the subject of several analyst reports. Zacks Research raised shares of Heritage Insurance from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 11th. Weiss Ratings restated a "buy (b)" rating on shares of Heritage Insurance in a report on Friday, March 27th. Truist Financial lifted their price target on Heritage Insurance from $37.00 to $39.00 and gave the company a "buy" rating in a report on Monday, March 9th. Finally, Citigroup restated a "market perform" rating on shares of Heritage Insurance in a report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Heritage Insurance presently has a consensus rating of "Buy" and a consensus target price of $33.50.
Read Our Latest Research Report on Heritage Insurance
Institutional Trading of Heritage Insurance
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Heritage Insurance by 14.2% in the 4th quarter. Vanguard Group Inc. now owns 1,881,027 shares of the insurance provider's stock valued at $55,039,000 after buying an additional 234,296 shares during the period. Marshall Wace LLP grew its holdings in Heritage Insurance by 8.7% in the 3rd quarter. Marshall Wace LLP now owns 1,024,357 shares of the insurance provider's stock valued at $25,793,000 after buying an additional 82,190 shares during the period. American Century Companies Inc. grew its holdings in Heritage Insurance by 11.5% in the 3rd quarter. American Century Companies Inc. now owns 888,452 shares of the insurance provider's stock valued at $22,371,000 after buying an additional 91,847 shares during the period. Geode Capital Management LLC grew its holdings in Heritage Insurance by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 665,902 shares of the insurance provider's stock valued at $19,486,000 after buying an additional 34,996 shares during the period. Finally, State Street Corp grew its holdings in Heritage Insurance by 11.4% in the 4th quarter. State Street Corp now owns 507,577 shares of the insurance provider's stock valued at $14,852,000 after buying an additional 52,041 shares during the period. Hedge funds and other institutional investors own 59.03% of the company's stock.
Heritage Insurance Company Profile
(
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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