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 Friday, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Nicholas George Pappas also recently made the following trade(s):
- On Saturday, December 29th, Nicholas George Pappas sold 2,850 shares of Heritage Insurance stock. The stock was sold at an average price of $17.90, for a total value of $51,015.00.
Shares of Heritage Insurance Holdings Inc (HRTG) traded up $0.09 during mid-day trading on Friday, reaching $17.74. The company’s stock had a trading volume of 145,300 shares, compared to its average volume of 188,500. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.63. Heritage Insurance Holdings Inc has a 12-month low of $8.85 and a 12-month high of $18.70. The company has a market capitalization of $429.13, a P/E ratio of 1,775.78 and a beta of 1.49.
Heritage Insurance (NYSE:HRTG) last announced its quarterly earnings data on Wednesday, November 1st. The insurance provider reported ($0.34) earnings per share 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 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 previous year, the firm posted $0.37 EPS. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. equities analysts forecast that Heritage Insurance Holdings Inc will post 0.73 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 17th were given a $0.06 dividend. The ex-dividend date was Thursday, November 16th. This represents a $0.24 annualized dividend and a yield of 1.35%. Heritage Insurance’s payout ratio is currently 2,402.40%.
Hedge funds have recently made changes to their positions in the business. Ameriprise Financial Inc. lifted its position in Heritage Insurance by 3.6% in the second quarter. Ameriprise Financial Inc. now owns 863,752 shares of the insurance provider’s stock valued at $11,247,000 after purchasing an additional 29,740 shares during the last quarter. Kirr Marbach & Co. LLC IN lifted its position in Heritage Insurance by 116.2% in the third quarter. Kirr Marbach & Co. LLC IN now owns 48,420 shares of the insurance provider’s stock valued at $640,000 after purchasing an additional 26,025 shares during the last quarter. Kennedy Capital Management Inc. lifted 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 during the last quarter. Boston Partners lifted its position in Heritage Insurance by 35.4% in the third quarter. Boston Partners now owns 226,569 shares of the insurance provider’s stock valued at $2,993,000 after purchasing an additional 59,207 shares during the last quarter. Finally, Stifel Financial Corp bought a new stake in Heritage Insurance in the second quarter valued at approximately $772,000. Hedge funds and other institutional investors own 81.30% of the company’s stock.
Several analysts have issued reports on HRTG shares. Citigroup upped their target price on Heritage Insurance from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. BidaskClub raised Heritage Insurance from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Zacks Investment Research raised Heritage Insurance from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Tuesday, November 28th. TheStreet lowered Heritage Insurance from a “b” rating to a “c+” rating in a research note on Wednesday, November 1st. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $18.00 target price on shares of Heritage Insurance in a research note on Wednesday, November 1st. Five investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $19.50.
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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