Heritage Insurance Holdings, Inc. (NYSE:HRTG) Director Joseph Vattamattam acquired 1,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was purchased at an average cost of $11.44 per share, with a total value of $11,440.00. Following the purchase, the director now owns 49,441 shares of the company’s stock, valued at $565,605.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) traded down 0.79% during mid-day trading on Friday, reaching $11.30. 258,532 shares of the company’s stock traded hands. The stock has a market capitalization of $335.61 million, a PE ratio of 15.94 and a beta of 1.29. Heritage Insurance Holdings, Inc. has a 12-month low of $11.19 and a 12-month high of $16.48. The company’s 50-day moving average price is $12.14 and its 200-day moving average price is $12.83.

Heritage Insurance Holdings (NYSE:HRTG) last announced its quarterly earnings results on Tuesday, August 8th. The insurance provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $96.90 million for the quarter, compared to analysts’ expectations of $100.17 million. Heritage Insurance Holdings had a net margin of 5.07% and a return on equity of 5.67%. Heritage Insurance Holdings’s revenue was down 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 earnings per share. Analysts anticipate that Heritage Insurance Holdings, Inc. will post $1.13 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.24 dividend on an annualized basis and a yield of 2.11%. Heritage Insurance Holdings’s dividend payout ratio (DPR) is 33.33%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hancock Holding Co. boosted its position in Heritage Insurance Holdings by 181.9% in the first quarter. Hancock Holding Co. now owns 29,480 shares of the insurance provider’s stock worth $376,000 after buying an additional 19,023 shares during the last quarter. Lucus Advisors LLC purchased a new position in Heritage Insurance Holdings during the first quarter worth approximately $411,000. Macquarie Group Ltd. boosted its position in Heritage Insurance Holdings by 166.9% in the fourth quarter. Macquarie Group Ltd. now owns 32,300 shares of the insurance provider’s stock worth $506,000 after buying an additional 20,200 shares during the last quarter. Schroder Investment Management Group boosted its position in Heritage Insurance Holdings by 28.7% in the first quarter. Schroder Investment Management Group now owns 24,546 shares of the insurance provider’s stock worth $312,000 after buying an additional 5,472 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in Heritage Insurance Holdings by 36.9% in the first quarter. Alliancebernstein L.P. now owns 213,560 shares of the insurance provider’s stock worth $2,727,000 after buying an additional 57,580 shares during the last quarter. 57.60% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have issued reports on HRTG. TheStreet downgraded shares of Heritage Insurance Holdings from a “b-” rating to a “c” rating in a research note on Friday, August 4th. Zacks Investment Research raised shares of Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $17.00 price objective on shares of Heritage Insurance Holdings in a research note on Friday, June 2nd. Finally, BidaskClub raised shares of Heritage Insurance Holdings from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Heritage Insurance Holdings currently has a consensus 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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