Heritage Insurance Holdings, Inc. (NYSE:HRTG) Director Nicholas George Pappas Sells 4,000 Shares

Heritage Insurance Holdings, Inc. (NYSE:HRTG) Director Nicholas George Pappas sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $12.64, for a total value of $50,560.00. Following the completion of the sale, the director now directly owns 76,314 shares in the company, valued at approximately $964,608.96. The trade was a 4.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Heritage Insurance Trading Down 0.6 %

HRTG stock opened at $12.36 on Thursday. The company has a market cap of $379.20 million, a price-to-earnings ratio of 4.94 and a beta of 0.98. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $11.88 and a 200-day simple moving average of $10.61. Heritage Insurance Holdings, Inc. has a 52 week low of $5.51 and a 52 week high of $16.90.

Heritage Insurance (NYSE:HRTG) last released its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.25. The business had revenue of $211.85 million during the quarter, compared to the consensus estimate of $209.91 million. Heritage Insurance had a return on equity of 29.17% and a net margin of 9.10%. During the same period in the prior year, the firm posted ($0.28) EPS. On average, equities research analysts expect that Heritage Insurance Holdings, Inc. will post 1.27 EPS for the current year.

Institutional Trading of Heritage Insurance

A number of institutional investors and hedge funds have recently made changes to their positions in HRTG. Acadian Asset Management LLC increased its holdings in shares of Heritage Insurance by 226.3% during the 2nd quarter. Acadian Asset Management LLC now owns 410,515 shares of the insurance provider’s stock worth $2,903,000 after buying an additional 284,710 shares during the last quarter. American Century Companies Inc. increased its holdings in Heritage Insurance by 63.3% in the 2nd quarter. American Century Companies Inc. now owns 432,732 shares of the insurance provider’s stock valued at $3,064,000 after purchasing an additional 167,819 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Heritage Insurance by 45.7% in the 2nd quarter. Renaissance Technologies LLC now owns 436,099 shares of the insurance provider’s stock valued at $3,088,000 after purchasing an additional 136,800 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Heritage Insurance in the 3rd quarter valued at $1,541,000. Finally, Assenagon Asset Management S.A. increased its holdings in Heritage Insurance by 87.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 235,019 shares of the insurance provider’s stock valued at $2,877,000 after purchasing an additional 109,714 shares in the last quarter. 59.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. StockNews.com raised Heritage Insurance from a “hold” rating to a “buy” rating in a research note on Monday. Truist Financial boosted their price target on Heritage Insurance from $11.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, Piper Sandler upgraded Heritage Insurance from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $9.00 to $13.00 in a report on Friday, August 9th.

Heritage Insurance Company Profile

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.