Heritage Insurance Holdings, Inc. (HRTG) Director Purchases $117,100.00 in Stock
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%.
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.
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