Heritage Insurance Holdings Inc (HRTG) CEO Bruce Lucas Acquires 83,262 Shares
Heritage Insurance Holdings Inc (NYSE:HRTG) CEO Bruce Lucas bought 83,262 shares of the business’s stock in a transaction on Monday, May 8th. The stock was acquired at an average cost of $12.06 per share, for a total transaction of $1,004,139.72. Following the completion of the transaction, the chief executive officer now owns 681,071 shares in the company, valued at $8,213,716.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Bruce Lucas also recently made the following trade(s):
- On Monday, March 20th, Bruce Lucas bought 16,000 shares of Heritage Insurance Holdings stock. The stock was acquired at an average cost of $12.57 per share, for a total transaction of $201,120.00.
Shares of Heritage Insurance Holdings Inc (NYSE:HRTG) traded up 4.64% during trading on Monday, hitting $12.62. The company’s stock had a trading volume of 268,747 shares. The firm’s 50 day moving average is $12.20 and its 200-day moving average is $13.88. Heritage Insurance Holdings Inc has a 1-year low of $11.25 and a 1-year high of $16.48. The company has a market capitalization of $374.81 million, a P/E ratio of 11.38 and a beta of 1.29.
Heritage Insurance Holdings (NYSE:HRTG) last announced its quarterly earnings data on Thursday, May 4th. The insurance provider reported $0.19 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.19. Heritage Insurance Holdings had a return on equity of 15.58% and a net margin of 13.02%. The company had revenue of $99.29 million during the quarter, compared to the consensus estimate of $103.47 million. Analysts forecast that Heritage Insurance Holdings Inc will post $1.39 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Thursday, June 15th will be given a $0.06 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.90%. Heritage Insurance Holdings’s dividend payout ratio is currently 12.70%.
Several hedge funds have recently made changes to their positions in the company. Kirr Marbach & Co. LLC IN increased its stake in shares of Heritage Insurance Holdings by 1.2% in the first quarter. Kirr Marbach & Co. LLC IN now owns 14,295 shares of the insurance provider’s stock worth $183,000 after buying an additional 165 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Heritage Insurance Holdings during the fourth quarter worth approximately $221,000. UBS Asset Management Americas Inc. increased its stake in shares of Heritage Insurance Holdings by 69.1% in the first quarter. UBS Asset Management Americas Inc. now owns 18,600 shares of the insurance provider’s stock worth $238,000 after buying an additional 7,600 shares in the last quarter. Wexford Capital LP purchased a new stake in shares of Heritage Insurance Holdings during the fourth quarter worth approximately $326,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Heritage Insurance Holdings during the third quarter worth approximately $356,000. Institutional investors own 50.43% of the company’s stock.
HRTG has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Heritage Insurance Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 21st. Citigroup Inc reaffirmed a “buy” rating and issued a $16.00 target price (down from $17.00) on shares of Heritage Insurance Holdings in a research report on Friday, April 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $16.33.
About Heritage Insurance Holdings
Heritage Insurance Holdings, Inc (Heritage Insurance) is a property and casualty insurance holding company. The Company provides personal and commercial residential insurance. Through its subsidiary, Heritage Property & Casualty Insurance Company (Heritage P&C), it provides personal residential insurance for single-family homeowners and condominium owners, rental property insurance and commercial residential insurance in the state of Florida and North Carolina.
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