Today: The 5,000 Shares of Stock are sold by Heritage Insurance Holdings Inc. (HRTG) Director Vijay Walvekar

The 5,000 Shares of Stock are sold by Heritage Insurance Holdings Inc. (HRTG) Director Vijay Walvekar

Heritage Insurance Holdings Inc. (NYSE:HRTG) Director Vijay Walvekar sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $13.90, for a total transaction of $69,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Heritage Insurance Holdings Inc. (NYSE:HRTG) opened at 13.20 on Friday. The company’s 50-day moving average is $13.78 and its 200 day moving average is $13.38. The firm has a market capitalization of $392.04 million, a P/E ratio of 6.36 and a beta of 0.99. Heritage Insurance Holdings Inc. has a 52-week low of $11.50 and a 52-week high of $24.98.

Heritage Insurance Holdings (NYSE:HRTG) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.07. The business had revenue of $115.28 million for the quarter, compared to the consensus estimate of $113.73 million. Heritage Insurance Holdings had a net margin of 15.06% and a return on equity of 17.73%. The company’s revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share. Analysts expect that Heritage Insurance Holdings Inc. will post $1.74 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Tuesday, September 13th. Heritage Insurance Holdings’s dividend payout ratio (DPR) is presently 11.59%.

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods set a $17.00 target price on shares of Heritage Insurance Holdings and gave the company a “buy” rating in a report on Tuesday, August 9th. Zacks Investment Research downgraded shares of Heritage Insurance Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 5th. Finally, Sandler O’Neill upgraded shares of Heritage Insurance Holdings from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Friday, September 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $21.88.

Large investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP acquired a new stake in Heritage Insurance Holdings during the second quarter valued at approximately $121,000. Quantitative Systematic Strategies LLC acquired a new stake in Heritage Insurance Holdings during the second quarter valued at approximately $130,000. JPMorgan Chase & Co. acquired a new stake in Heritage Insurance Holdings during the second quarter valued at approximately $160,000. Ancora Advisors LLC acquired a new stake in Heritage Insurance Holdings during the second quarter valued at approximately $180,000. Finally, American International Group Inc. increased its stake in Heritage Insurance Holdings by 5.8% in the second quarter. American International Group Inc. now owns 15,305 shares of the company’s stock valued at $183,000 after buying an additional 839 shares during the period. 54.81% of the stock is currently owned by institutional investors and hedge funds.

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