Keefe, Bruyette & Woods reaffirmed their buy rating on shares of Heritage Insurance (NYSE:HRTG) in a research report report published on Friday morning. Keefe, Bruyette & Woods currently has a $21.00 price objective on the insurance provider’s stock.

HRTG has been the subject of several other reports. BidaskClub upgraded Heritage Insurance from a sell rating to a hold rating in a research report on Thursday, September 14th. SunTrust Banks reiterated a buy rating and set a $18.00 target price on shares of Heritage Insurance in a research report on Wednesday, November 1st. TheStreet downgraded Heritage Insurance from a b rating to a c+ rating in a research report on Wednesday, November 1st. Zacks Investment Research upgraded Heritage Insurance from a hold rating to a buy rating and set a $20.00 target price for the company in a research report on Tuesday, November 28th. Finally, Citigroup lifted their target price on Heritage Insurance from $17.00 to $18.00 and gave the stock a buy rating in a research report on Tuesday, October 17th. Five equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and a consensus target price of $19.50.

Heritage Insurance (NYSE:HRTG) traded down $0.05 during trading hours on Friday, hitting $16.81. The stock had a trading volume of 205,005 shares, compared to its average volume of 327,204. Heritage Insurance has a fifty-two week low of $8.85 and a fifty-two week high of $18.70. The company has a market capitalization of $410.17, a P/E ratio of 1,681.00 and a beta of 1.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.97 and a current ratio of 0.97.

Heritage Insurance (NYSE:HRTG) last released its earnings results on Wednesday, November 1st. The insurance provider reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.23). Heritage Insurance had a return on equity of 0.31% and a net margin of 0.27%. The business had revenue of $101.77 million for the quarter, compared to the consensus estimate of $99.01 million. During the same quarter last year, the business posted $0.37 earnings per share. The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. analysts forecast that Heritage Insurance will post 0.73 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 17th were issued a $0.06 dividend. The ex-dividend date was Thursday, November 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.43%. Heritage Insurance’s payout ratio is currently 2,400.00%.

Several hedge funds have recently added to or reduced their stakes in HRTG. Sei Investments Co. raised its holdings in shares of Heritage Insurance by 10.8% in the second quarter. Sei Investments Co. now owns 52,531 shares of the insurance provider’s stock valued at $684,000 after acquiring an additional 5,111 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Heritage Insurance by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 197,271 shares of the insurance provider’s stock worth $2,568,000 after purchasing an additional 2,744 shares in the last quarter. Virginia Retirement Systems ET AL raised its holdings in Heritage Insurance by 0.3% in the second quarter. Virginia Retirement Systems ET AL now owns 36,900 shares of the insurance provider’s stock worth $480,000 after purchasing an additional 100 shares in the last quarter. Royce & Associates LP raised its holdings in Heritage Insurance by 2.8% in the second quarter. Royce & Associates LP now owns 630,700 shares of the insurance provider’s stock worth $8,212,000 after purchasing an additional 17,200 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in Heritage Insurance by 57.1% in the second quarter. Prudential Financial Inc. now owns 120,420 shares of the insurance provider’s stock worth $1,568,000 after purchasing an additional 43,744 shares in the last quarter. Hedge funds and other institutional investors own 81.30% of the company’s stock.

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About Heritage Insurance

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.

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