Heritage Insurance (HRTG) Scheduled to Post Earnings on Wednesday

Heritage Insurance (NYSE:HRTG) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Heritage Insurance (NYSE:HRTG) last released its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.23. The company had revenue of $203.57 million during the quarter, compared to analysts’ expectations of $196.81 million. Heritage Insurance had a return on equity of 26.27% and a net margin of 7.37%. During the same quarter in the prior year, the firm posted $0.32 EPS. On average, analysts expect Heritage Insurance to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Heritage Insurance Stock Performance

NYSE:HRTG opened at $9.94 on Tuesday. Heritage Insurance has a twelve month low of $5.51 and a twelve month high of $16.90. The company has a market cap of $304.96 million, a P/E ratio of 5.10 and a beta of 0.98. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $13.15 and its 200-day moving average price is $10.30.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HRTG. Piper Sandler upgraded Heritage Insurance from a “neutral” rating to an “overweight” rating and upped their price target for the company from $9.00 to $13.00 in a research report on Friday, August 9th. Truist Financial upped their target price on Heritage Insurance from $11.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, StockNews.com lowered Heritage Insurance from a “strong-buy” rating to a “buy” rating in a report on Friday, October 18th.

Insider Buying and Selling at Heritage Insurance

In related news, CEO Ernie J. Garateix acquired 5,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average cost of $8.59 per share, for a total transaction of $42,950.00. Following the acquisition, the chief executive officer now owns 1,072,584 shares in the company, valued at $9,213,496.56. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Heritage Insurance news, Chairman Richard A. Widdicombe acquired 4,437 shares of the stock in a transaction dated Friday, August 16th. The stock was acquired at an average price of $14.55 per share, with a total value of $64,558.35. Following the completion of the purchase, the chairman now owns 696,497 shares in the company, valued at $10,134,031.35. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernie J. Garateix purchased 5,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of $8.59 per share, with a total value of $42,950.00. Following the transaction, the chief executive officer now directly owns 1,072,584 shares in the company, valued at $9,213,496.56. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 14.00% of the company’s stock.

About Heritage Insurance

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.