Heritage Insurance Holdings Inc (NYSE:HRTG) Director Nicholas George Pappas sold 2,850 shares of the company’s stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $17.90, for a total value of $51,015.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Nicholas George Pappas also recently made the following trade(s):

  • On Friday, December 29th, Nicholas George Pappas sold 2,850 shares of Heritage Insurance stock. The shares were sold at an average price of $17.90, for a total value of $51,015.00.

Shares of Heritage Insurance Holdings Inc (NYSE:HRTG) traded down $0.04 during midday trading on Wednesday, reaching $17.65. The company’s stock had a trading volume of 251,810 shares, compared to its average volume of 210,100. Heritage Insurance Holdings Inc has a fifty-two week low of $8.85 and a fifty-two week high of $18.70. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.63. The company has a market cap of $431.15, a P/E ratio of 1,765.00 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 consensus estimate of ($0.11) by ($0.23). Heritage Insurance had a return on equity of 0.31% and a net margin of 0.27%. The company had revenue of $101.77 million during the quarter, compared to the consensus estimate of $99.01 million. During the same quarter in the prior year, the business earned $0.37 EPS. The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. equities research analysts predict that Heritage Insurance Holdings Inc will post 0.73 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 17th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.36%. Heritage Insurance’s payout ratio is currently 2,400.00%.

Large investors have recently added to or reduced their stakes in the business. Balyasny Asset Management LLC raised its holdings in shares of Heritage Insurance 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 acquiring an additional 2,148 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Heritage Insurance 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 acquiring an additional 2,181 shares in the last quarter. California Public Employees Retirement System purchased a new stake in shares of Heritage Insurance in the 2nd quarter valued at about $251,000. First Trust Advisors LP purchased a new stake in shares of Heritage Insurance in the 3rd quarter valued at about $267,000. Finally, Schroder Investment Management Group raised its holdings in shares of Heritage Insurance by 44.5% in the 2nd quarter. Schroder Investment Management Group now owns 35,481 shares of the insurance provider’s stock valued at $462,000 after acquiring an additional 10,935 shares in the last quarter. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on the company. BidaskClub upgraded Heritage Insurance from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. SunTrust Banks reiterated a “buy” rating and set a $18.00 price target on shares of Heritage Insurance in a research note on Wednesday, November 1st. TheStreet downgraded Heritage Insurance from a “b” rating to a “c+” rating in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Heritage Insurance from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Tuesday, November 28th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $21.00 price target on shares of Heritage Insurance in a research note on Friday, December 22nd. Five research analysts have rated the stock with a buy rating, Heritage Insurance currently has an average rating of “Buy” and a consensus price target of $19.50.

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Heritage Insurance 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.

Insider Buying and Selling by Quarter for Heritage Insurance (NYSE:HRTG)

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