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.
About Heritage Insurance Holdings