Heritage Insurance Holdings, Inc. (NYSE:HRTG) Director James Masiello acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average price of $11.71 per share, with a total value of $117,100.00. Following the completion of the purchase, the director now owns 239,795 shares in the company, valued at approximately $2,807,999.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Heritage Insurance Holdings, Inc. (NYSE:HRTG) traded down 1.11% on Thursday, reaching $11.56. The company’s stock had a trading volume of 771,880 shares. The firm has a 50-day moving average of $12.36 and a 200 day moving average of $12.94. Heritage Insurance Holdings, Inc. has a 12-month low of $11.19 and a 12-month high of $16.48. The company has a market capitalization of $343.33 million, a price-to-earnings ratio of 16.30 and a beta of 1.29.

Heritage Insurance Holdings (NYSE:HRTG) last released its quarterly earnings data on Tuesday, August 8th. The insurance provider reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The company had revenue of $96.90 million for the quarter, compared to analyst estimates of $100.17 million. Heritage Insurance Holdings had a return on equity of 5.67% and a net margin of 5.07%. The firm’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. On average, equities research analysts anticipate that Heritage Insurance Holdings, Inc. will post $1.09 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Thursday, September 14th. Heritage Insurance Holdings’s dividend payout ratio (DPR) is currently 33.33%.

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Large investors have recently bought and sold shares of the stock. State Street Corp increased its stake in Heritage Insurance Holdings by 5.7% in the fourth quarter. State Street Corp now owns 438,072 shares of the insurance provider’s stock worth $6,864,000 after buying an additional 23,727 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Heritage Insurance Holdings by 33.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 571,800 shares of the insurance provider’s stock worth $8,960,000 after buying an additional 143,922 shares in the last quarter. Teachers Advisors LLC increased its stake in Heritage Insurance Holdings by 2.9% in the fourth quarter. Teachers Advisors LLC now owns 59,682 shares of the insurance provider’s stock worth $935,000 after buying an additional 1,677 shares in the last quarter. Macquarie Group Ltd. increased its stake in Heritage Insurance Holdings by 166.9% in the fourth quarter. Macquarie Group Ltd. now owns 32,300 shares of the insurance provider’s stock worth $506,000 after buying an additional 20,200 shares in the last quarter. Finally, Kirr Marbach & Co. LLC IN increased its stake in 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. Institutional investors own 57.60% of the company’s stock.

A number of brokerages recently issued reports on HRTG. BidaskClub upgraded Heritage Insurance Holdings from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. TheStreet downgraded Heritage Insurance Holdings from a “b-” rating to a “c” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $17.00 price objective on shares of Heritage Insurance Holdings in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target 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.

Insider Buying and Selling by Quarter for Heritage Insurance Holdings (NYSE:HRTG)

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