Heritage Insurance Holdings, Inc. (NYSE:HRTG) had its target price hoisted by equities research analysts at Citigroup Inc from $18.00 to $19.00 in a research report issued on Friday. The firm presently has a “buy” rating on the insurance provider’s stock. Citigroup Inc’s price target would suggest a potential upside of 14.94% from the company’s current price.

Several other equities analysts also recently commented on HRTG. BidaskClub downgraded Heritage Insurance Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday. TheStreet downgraded Heritage Insurance Holdings from a “b” rating to a “c+” rating in a research report on Wednesday. SunTrust Banks, Inc. reissued a “buy” rating and set a $18.00 price target on shares of Heritage Insurance Holdings in a research report on Wednesday. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $17.00 price target on shares of Heritage Insurance Holdings in a research report on Thursday, September 21st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Heritage Insurance Holdings currently has a consensus rating of “Buy” and an average price target of $18.00.

Shares of Heritage Insurance Holdings (NYSE HRTG) traded up $0.09 during trading on Friday, reaching $16.53. The company’s stock had a trading volume of 446,448 shares, compared to its average volume of 505,986. Heritage Insurance Holdings has a 52-week low of $8.85 and a 52-week high of $16.72. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $403.33, a P/E ratio of 1,645.00 and a beta of 1.44.

Heritage Insurance Holdings (NYSE:HRTG) last posted its earnings results on Wednesday, November 1st. The insurance provider reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.23). Heritage Insurance Holdings had a net margin of 0.27% and a return on equity of 0.30%. The firm had revenue of $101.77 million during the quarter, compared to analyst estimates of $99.01 million. During the same period in the previous year, the company posted $0.37 EPS. Heritage Insurance Holdings’s revenue for the quarter was down 6.9% compared to the same quarter last year. analysts forecast that Heritage Insurance Holdings will post 0.69 earnings per share for the current fiscal year.

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In other Heritage Insurance Holdings news, CEO Bruce Lucas bought 22,000 shares of Heritage Insurance Holdings stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $11.58 per share, with a total value of $254,760.00. Following the acquisition, the chief executive officer now owns 869,595 shares in the company, valued at approximately $10,069,910.10. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Richard A. Widdicombe bought 16,500 shares of Heritage Insurance Holdings stock in a transaction on Friday, August 25th. The stock was acquired at an average cost of $11.32 per share, for a total transaction of $186,780.00. Following the acquisition, the president now owns 775,612 shares in the company, valued at approximately $8,779,927.84. The disclosure for this purchase can be found here. Insiders have purchased 91,350 shares of company stock worth $1,051,923 in the last three months. 16.10% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of HRTG. Citadel Advisors LLC acquired a new stake in shares of Heritage Insurance Holdings in the 1st quarter valued at $167,000. Balyasny Asset Management LLC boosted its holdings in shares of Heritage Insurance Holdings by 18.0% in the 2nd quarter. Balyasny Asset Management LLC now owns 14,082 shares of the insurance provider’s stock valued at $183,000 after purchasing an additional 2,148 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of Heritage Insurance Holdings by 16.9% in the 2nd quarter. Voya Investment Management LLC now owns 15,066 shares of the insurance provider’s stock valued at $196,000 after purchasing an additional 2,181 shares in the last quarter. American International Group Inc. boosted its holdings in shares of Heritage Insurance Holdings by 7.0% in the 1st quarter. American International Group Inc. now owns 16,365 shares of the insurance provider’s stock valued at $209,000 after purchasing an additional 1,077 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of Heritage Insurance Holdings by 69.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 18,600 shares of the insurance provider’s stock valued at $238,000 after purchasing an additional 7,600 shares in the last quarter. 60.72% of the stock is currently owned by hedge funds and other institutional investors.

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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