Sharon Binnun Sells 9,200 Shares of Heritage Insurance (NYSE:HRTG) Stock

Heritage Insurance Holdings, Inc. (NYSE:HRTG) CAO Sharon Binnun sold 9,200 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $30.03, for a total transaction of $276,276.00. Following the transaction, the chief accounting officer owned 96,388 shares in the company, valued at approximately $2,894,531.64. The trade was a 8.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sharon Binnun also recently made the following trade(s):

• On Wednesday, July 1st, Sharon Binnun sold 9,200 shares of Heritage Insurance stock. The shares were sold at an average price of $26.58, for a total transaction of $244,536.00.
• On Monday, June 22nd, Sharon Binnun sold 9,200 shares of Heritage Insurance stock. The shares were sold at an average price of $24.36, for a total transaction of $224,112.00.

Heritage Insurance Stock Performance

Shares of HRTG opened at $34.99 on Friday. The company has a market cap of $1.06 billion, a PE ratio of 4.98 and a beta of 0.89. The firm has a 50-day moving average of $25.84 and a 200-day moving average of $26.01. Heritage Insurance Holdings, Inc. has a one year low of $18.77 and a one year high of $36.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.80 and a quick ratio of 0.80.

Heritage Insurance (NYSE:HRTG) last issued its earnings results on Wednesday, August 5th. The insurance provider reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.80. Heritage Insurance had a net margin of 25.19% and a return on equity of 44.15%. The company had revenue of $214.19 million for the quarter, compared to analysts’ expectations of $212.71 million. As a group, equities analysts forecast that Heritage Insurance Holdings, Inc. will post 4.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on HRTG. Zacks Research upgraded Heritage Insurance from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Weiss Ratings downgraded Heritage Insurance from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Piper Sandler boosted their target price on Heritage Insurance from $27.00 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Wall Street Zen cut Heritage Insurance from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Truist Financial set a $42.00 price target on Heritage Insurance in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Heritage Insurance currently has an average rating of “Moderate Buy” and a consensus target price of $36.50.

Heritage Insurance News Summary

Here are the key news stories impacting Heritage Insurance this week:

• Positive Sentiment: Q2 earnings significantly exceeded expectations. Heritage reported adjusted earnings of $2.05 per share, versus analysts’ consensus estimates ranging from $0.99 to $1.25, and revenue of approximately $214.2 million, slightly above estimates. Earnings also rose from $1.55 per share a year earlier. Heritage Reports Second Quarter 2026 Results
• Positive Sentiment: Reinsurance savings are improving profitability. Heritage said reinsurance savings have reached approximately $63 million, supporting the company’s plan to reduce Florida homeowners’ insurance rates by roughly 3% to 5%. Lower reinsurance costs can improve margins and give the company more flexibility in pricing. Heritage outlines Florida rate reductions
• Positive Sentiment: Investor attention increased after the earnings beat. HRTG was identified as one of the Russell 1000’s notable movers, reflecting the market’s reaction to the company’s earnings momentum, strong profitability and favorable reinsurance developments. Why Heritage Insurance is among Russell 1000 movers
• Neutral Sentiment: Management’s earnings-call discussion highlighted continued focus on Florida exposure, pricing discipline, catastrophe risk and capital management. Investors will likely watch whether the improved underwriting performance can be sustained through future weather events and rate changes. Heritage Insurance Q2 2026 earnings call transcript
• Negative Sentiment: Insider selling provides a modest counterpoint. Chief Accounting Officer Sharon Binnun sold 9,200 shares for approximately $276,276 under a pre-arranged Rule 10b5-1 trading plan. Because the sale was scheduled in advance and she retained 96,388 shares, it is not necessarily a signal of deteriorating fundamentals. Heritage Insurance insider sale

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Private Wealth Services LLC increased its position in shares of Heritage Insurance by 1.9% in the first quarter. Kestra Private Wealth Services LLC now owns 26,303 shares of the insurance provider’s stock worth $690,000 after purchasing an additional 489 shares during the period. Royal Bank of Canada raised its stake in Heritage Insurance by 72.6% in the fourth quarter. Royal Bank of Canada now owns 1,182 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 497 shares in the last quarter. Tudor Investment Corp ET AL lifted its position in Heritage Insurance by 0.3% during the third quarter. Tudor Investment Corp ET AL now owns 186,380 shares of the insurance provider’s stock worth $4,693,000 after purchasing an additional 503 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Heritage Insurance by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,621 shares of the insurance provider’s stock worth $196,000 after purchasing an additional 546 shares during the period. Finally, Graham Capital Management L.P. grew its stake in Heritage Insurance by 4.2% during the fourth quarter. Graham Capital Management L.P. now owns 19,378 shares of the insurance provider’s stock worth $567,000 after buying an additional 789 shares in the last quarter. Institutional investors and hedge funds own 59.03% of the company’s stock.

About Heritage Insurance

Heritage Insurance Holdings, Inc (NYSE: HRTG) is a property and casualty insurance holding company that offers homeowners insurance and related coverage products in the United States. Through its primary subsidiary, Heritage Property & Casualty Insurance Company, the firm underwrites standard and non-standard personal lines insurance, including homeowners, dwelling fire, flood, and condominium policies. Heritage leverages a network of independent insurance agents to distribute its products across select regional markets, with an emphasis on serving property owners in areas prone to severe weather events.

Founded in 2011 and headquartered in Jupiter, Florida, Heritage Insurance has grown to become one of the leading providers of residential property insurance in the state.