Heritage Insurance Holdings Inc. (NYSE:HRTG) has earned a consensus recommendation of “Buy” from the six analysts that are presently covering the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $16.33.

HRTG has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Heritage Insurance Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 5th. 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. Citigroup Inc. dropped their price target on shares of Heritage Insurance Holdings from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Keefe, Bruyette & Woods set a $17.00 price target on shares of Heritage Insurance Holdings and gave the stock a “buy” rating in a research note on Tuesday, August 9th.

Shares of Heritage Insurance Holdings (NYSE:HRTG) traded up 4.92% on Wednesday, reaching $12.80. 174,932 shares of the company were exchanged. Heritage Insurance Holdings has a 52-week low of $11.50 and a 52-week high of $24.98. The stock has a 50 day moving average of $13.75 and a 200-day moving average of $13.31. The company has a market capitalization of $380.16 million, a P/E ratio of 6.17 and a beta of 0.99.

Heritage Insurance Holdings (NYSE:HRTG) last announced its earnings results on Wednesday, August 3rd. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.07. Heritage Insurance Holdings had a net margin of 15.06% and a return on equity of 17.73%. The business earned $115.28 million during the quarter, compared to analysts’ expectations of $113.73 million. During the same period in the prior year, the company earned $0.84 earnings per share. The business’s revenue was up 16.4% compared to the same quarter last year. On average, analysts predict that Heritage Insurance Holdings will post $1.74 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th were given a dividend of $0.06 per share. The ex-dividend date was Tuesday, September 13th. This represents a $0.24 annualized dividend and a yield of 1.97%. Heritage Insurance Holdings’s payout ratio is currently 11.59%.

In other news, Director Vijay Walvekar sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $13.90, for a total value of $69,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James Masiello purchased 20,000 shares of the stock in a transaction dated Monday, August 22nd. The stock was acquired at an average price of $12.96 per share, for a total transaction of $259,200.00. Following the completion of the transaction, the director now directly owns 229,795 shares of the company’s stock, valued at $2,978,143.20. The disclosure for this purchase can be found here. Company insiders own 15.10% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in HRTG. Cutler Group LP acquired a new stake in Heritage Insurance Holdings during the third quarter valued at approximately $146,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Heritage Insurance Holdings during the second quarter valued at approximately $279,000. Royal Bank of Canada raised its stake in Heritage Insurance Holdings by 0.5% in the second quarter. Royal Bank of Canada now owns 41,770 shares of the company’s stock valued at $500,000 after buying an additional 198 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in Heritage Insurance Holdings during the second quarter valued at approximately $730,000. Finally, AQR Capital Management LLC raised its stake in Heritage Insurance Holdings by 24.2% in the second quarter. AQR Capital Management LLC now owns 402,911 shares of the company’s stock valued at $4,823,000 after buying an additional 78,612 shares in the last quarter. Institutional investors and hedge funds own 54.81% of the company’s stock.

Heritage Insurance Holdings Company Profile

Heritage Insurance Holdings, Inc is a property and casualty insurance holding company. The Company provides personal and commercial residential insurance. Through its subsidiary, Heritage Property & Casualty Insurance Company, 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.

5 Day Chart for NYSE:HRTG

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