Heritage Insurance Holdings, Inc. (NYSE:HRTG) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Thursday.

A number of other brokerages have also weighed in on HRTG. Zacks Investment Research raised Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Heritage Insurance Holdings in a report on Friday, June 2nd. Finally, TheStreet raised Heritage Insurance Holdings from a “c” rating to a “b-” rating in a report on Monday, June 26th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $16.33.

Heritage Insurance Holdings (HRTG) traded down 3.48% during trading on Thursday, reaching $12.48. The company had a trading volume of 257,954 shares. The firm has a 50-day moving average of $11.63 and a 200-day moving average of $12.49. Heritage Insurance Holdings has a 1-year low of $8.85 and a 1-year high of $16.48. The stock has a market capitalization of $370.66 million, a price-to-earnings ratio of 17.60 and a beta of 1.30.

Heritage Insurance Holdings (NYSE:HRTG) last announced its quarterly earnings data on Tuesday, August 8th. The insurance provider reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. Heritage Insurance Holdings had a return on equity of 5.67% and a net margin of 5.07%. The company had revenue of $96.90 million for the quarter, compared to analyst estimates of $100.17 million. During the same quarter in the previous year, the company earned $0.62 EPS. The firm’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, analysts anticipate that Heritage Insurance Holdings will post $1.04 EPS for the current fiscal year.

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In related news, President Richard A. Widdicombe purchased 25,800 shares of Heritage Insurance Holdings stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $11.53 per share, for a total transaction of $297,474.00. Following the transaction, the president now owns 759,112 shares in the company, valued at $8,752,561.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Irini Barlas purchased 10,000 shares of Heritage Insurance Holdings stock in a transaction dated Friday, August 11th. The shares were bought at an average price of $11.61 per share, with a total value of $116,100.00. Following the completion of the transaction, the director now owns 14,200 shares in the company, valued at approximately $164,862. The disclosure for this purchase can be found here. Insiders acquired a total of 91,350 shares of company stock worth $1,051,923 in the last ninety days. 16.10% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of HRTG. Teachers Advisors LLC lifted its position in shares of Heritage Insurance Holdings by 2.9% during the 4th quarter. Teachers Advisors LLC now owns 59,682 shares of the insurance provider’s stock valued at $935,000 after acquiring an additional 1,677 shares during the period. Nationwide Fund Advisors lifted its position in shares of Heritage Insurance Holdings by 0.9% during the 1st quarter. Nationwide Fund Advisors now owns 111,424 shares of the insurance provider’s stock valued at $1,423,000 after acquiring an additional 1,046 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Heritage Insurance Holdings by 50.3% during the 1st quarter. Russell Investments Group Ltd. now owns 178,893 shares of the insurance provider’s stock valued at $2,284,000 after acquiring an additional 59,856 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Heritage Insurance Holdings by 8.8% during the 1st quarter. Bank of New York Mellon Corp now owns 194,527 shares of the insurance provider’s stock valued at $2,484,000 after acquiring an additional 15,789 shares during the period. Finally, Swiss National Bank lifted its position in shares of Heritage Insurance Holdings by 8.0% during the 1st quarter. Swiss National Bank now owns 44,300 shares of the insurance provider’s stock valued at $566,000 after acquiring an additional 3,300 shares during the period. Institutional investors own 61.29% of the company’s stock.

Heritage Insurance Holdings Company Profile

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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