Nicholas George Pappas Sells 2,850 Shares of Heritage Insurance Holdings Inc (HRTG) Stock

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.

ILLEGAL ACTIVITY NOTICE: This article was published by Transcript Daily and is the property of of Transcript Daily. If you are reading this article on another website, it was illegally stolen and republished in violation of international copyright and trademark laws. The legal version of this article can be read at https://transcriptdaily.com/2018/01/05/nicholas-george-pappas-sells-2850-shares-of-heritage-insurance-holdings-inc-hrtg-stock.html.

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.

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

Receive News & Ratings for Heritage Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Insurance and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply