Heritage Insurance Holdings, Inc. (NYSE:HRTG) President Richard A. Widdicombe acquired 16,500 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was purchased at an average price of $11.32 per share, with a total value of $186,780.00. Following the completion of the transaction, the president now owns 775,612 shares of the company’s stock, valued at $8,779,927.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) traded up 0.61% on Friday, reaching $11.46. The company’s stock had a trading volume of 404,944 shares. The firm’s 50 day moving average is $12.14 and its 200-day moving average is $12.83. Heritage Insurance Holdings, Inc. has a 52-week low of $11.19 and a 52-week high of $16.48. The stock has a market cap of $340.36 million, a P/E ratio of 16.16 and a beta of 1.29.

Heritage Insurance Holdings (NYSE:HRTG) last announced its earnings results on Tuesday, August 8th. The insurance provider reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. Heritage Insurance Holdings had a return on equity of 5.67% and a net margin of 5.07%. The company had revenue of $96.90 million for the quarter, compared to analysts’ expectations of $100.17 million. During the same period last year, the firm earned $0.62 EPS. Heritage Insurance Holdings’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, equities research analysts forecast that Heritage Insurance Holdings, Inc. will post $1.13 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be issued a $0.06 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.24 dividend on an annualized basis and a yield of 2.09%. Heritage Insurance Holdings’s dividend payout ratio is currently 33.33%.

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A number of institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC bought a new position in shares of Heritage Insurance Holdings during the first quarter worth approximately $167,000. Balyasny Asset Management LLC boosted its position in shares of Heritage Insurance Holdings by 18.0% in the second quarter. Balyasny Asset Management LLC now owns 14,082 shares of the insurance provider’s stock worth $183,000 after buying an additional 2,148 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Heritage Insurance Holdings by 16.9% in the second quarter. Voya Investment Management LLC now owns 15,066 shares of the insurance provider’s stock worth $196,000 after buying an additional 2,181 shares in the last quarter. American International Group Inc. boosted its position in shares of Heritage Insurance Holdings by 7.0% in the first quarter. American International Group Inc. now owns 16,365 shares of the insurance provider’s stock worth $209,000 after buying an additional 1,077 shares in the last quarter. Finally, Kennedy Capital Management Inc. bought a new position in shares of Heritage Insurance Holdings during the first quarter worth approximately $229,000. 57.60% of the stock is currently owned by institutional investors.

A number of equities analysts have issued reports on HRTG shares. Keefe, Bruyette & Woods restated a “buy” rating and set a $17.00 target price on shares of Heritage Insurance Holdings in a report on Friday, June 2nd. Zacks Investment Research upgraded Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. TheStreet upgraded Heritage Insurance Holdings from a “c” rating to a “b-” rating in a report on Monday, June 26th. Finally, BidaskClub upgraded Heritage Insurance Holdings from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Heritage Insurance Holdings has an average rating of “Hold” and a consensus target price of $16.33.

About Heritage Insurance Holdings

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 Holdings (NYSE:HRTG)

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