Heritage Insurance Holdings Inc (NYSE:HRTG) has earned a consensus recommendation of “Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued a report on the stock in the last year is $18.50.

HRTG has been the subject of several recent analyst reports. BidaskClub raised shares of Heritage Insurance from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $17.00 price objective on shares of Heritage Insurance in a research report on Thursday, September 21st. SunTrust Banks reissued a “buy” rating and set a $18.00 price objective on shares of Heritage Insurance in a research report on Tuesday, September 26th. Citigroup increased their price objective on shares of Heritage Insurance from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Finally, TheStreet raised shares of Heritage Insurance from a “c+” rating to a “b” rating in a research report on Monday, October 16th.

Shares of Heritage Insurance (HRTG) opened at $17.40 on Tuesday. Heritage Insurance has a 12 month low of $8.85 and a 12 month high of $18.70. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.63. The company has a market cap of $424.75, a P/E ratio of 1,747.00 and a beta of 1.49.

Heritage Insurance (NYSE:HRTG) last issued its earnings results on Wednesday, November 1st. The insurance provider reported ($0.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.23). Heritage Insurance had a net margin of 0.27% and a return on equity of 0.31%. The firm had revenue of $101.77 million during the quarter, compared to the consensus estimate of $99.01 million. During the same period in the previous year, the company posted $0.37 EPS. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. equities research analysts forecast that Heritage Insurance will post 0.73 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Thursday, November 16th. Heritage Insurance’s dividend payout ratio is 2,402.40%.

Several hedge funds have recently modified their holdings of HRTG. JPMorgan Chase & Co. grew its position in Heritage Insurance by 262.8% in the third quarter. JPMorgan Chase & Co. now owns 679,600 shares of the insurance provider’s stock valued at $8,944,000 after purchasing an additional 492,300 shares in the last quarter. Kennedy Capital Management Inc. grew its position in Heritage Insurance by 2,090.2% in the second quarter. Kennedy Capital Management Inc. now owns 392,052 shares of the insurance provider’s stock valued at $5,105,000 after purchasing an additional 374,152 shares in the last quarter. Signia Capital Management LLC bought a new position in Heritage Insurance in the third quarter valued at $4,339,000. Royal Bank of Canada grew its position in Heritage Insurance by 845.2% in the second quarter. Royal Bank of Canada now owns 282,917 shares of the insurance provider’s stock valued at $3,683,000 after purchasing an additional 252,986 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Heritage Insurance by 37.0% in the first quarter. Dimensional Fund Advisors LP now owns 783,112 shares of the insurance provider’s stock valued at $10,000,000 after purchasing an additional 211,312 shares in the last quarter. 81.30% of the stock is owned by institutional investors.

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About Heritage Insurance

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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