Heritage Insurance Holdings, Inc. (NYSE:HRTG) has earned an average rating of “Hold” from the six research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $16.33.

Several equities analysts recently weighed in on HRTG shares. TheStreet raised shares of Heritage Insurance Holdings from a “c” rating to a “b-” rating in a research report on Monday, June 26th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $17.00 price target on shares of Heritage Insurance Holdings in a research report on Friday, June 2nd. Zacks Investment Research raised shares of Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, BidaskClub raised shares of Heritage Insurance Holdings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th.

Shares of Heritage Insurance Holdings (NYSE:HRTG) opened at 11.26 on Friday. Heritage Insurance Holdings has a 12-month low of $11.19 and a 12-month high of $16.48. The company’s 50-day moving average price is $11.98 and its 200 day moving average price is $12.72. The company has a market cap of $334.42 million, a price-to-earnings ratio of 15.88 and a beta of 1.31.

Heritage Insurance Holdings (NYSE:HRTG) last announced its quarterly earnings results on Tuesday, August 8th. The insurance provider reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Heritage Insurance Holdings had a net margin of 5.07% and a return on equity of 5.67%. The business had revenue of $96.90 million for the quarter, compared to analysts’ expectations of $100.17 million. During the same quarter last year, the firm earned $0.62 EPS. The firm’s revenue for the quarter was down 15.9% compared to the same quarter last year. Equities analysts predict that Heritage Insurance Holdings will post $1.13 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.24 annualized dividend and a dividend yield of 2.13%. Heritage Insurance Holdings’s dividend payout ratio is currently 33.33%.

In other news, Director James Masiello bought 10,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average price of $11.71 per share, with a total value of $117,100.00. Following the transaction, the director now directly owns 239,795 shares in the company, valued at $2,807,999.45. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Bruce Lucas bought 22,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $11.58 per share, for a total transaction of $254,760.00. Following the transaction, the chief executive officer now owns 869,595 shares in the company, valued at $10,069,910.10. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 90,200 shares of company stock worth $1,040,050. Insiders own 16.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of HRTG. Citadel Advisors LLC purchased a new position in Heritage Insurance Holdings during the first quarter valued at approximately $167,000. Balyasny Asset Management LLC boosted its position in Heritage Insurance Holdings by 18.0% in the second quarter. Balyasny Asset Management LLC now owns 14,082 shares of the insurance provider’s stock valued at $183,000 after buying an additional 2,148 shares in the last quarter. Voya Investment Management LLC boosted its position in Heritage Insurance Holdings by 16.9% in the second quarter. Voya Investment Management LLC now owns 15,066 shares of the insurance provider’s stock valued at $196,000 after buying an additional 2,181 shares in the last quarter. American International Group Inc. boosted its position in Heritage Insurance Holdings by 7.0% in the first quarter. American International Group Inc. now owns 16,365 shares of the insurance provider’s stock valued at $209,000 after buying an additional 1,077 shares in the last quarter. Finally, Kennedy Capital Management Inc. purchased a new position in Heritage Insurance Holdings during the first quarter valued at approximately $229,000. 61.29% of the stock is currently owned by hedge funds and other institutional investors.

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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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