Heritage Insurance Holdings, Inc. (NYSE:HRTG) has received a consensus recommendation of “Buy” from the six analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $18.00.
A number of analysts have weighed in on the company. BidaskClub raised Heritage Insurance Holdings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. TheStreet cut Heritage Insurance Holdings from a “b-” rating to a “c” rating in a research report on Friday, August 4th. SunTrust Banks, Inc. reissued a “buy” rating and set a $18.00 price objective on shares of Heritage Insurance Holdings in a research report on Wednesday, November 1st. Finally, Citigroup Inc. boosted their price objective on Heritage Insurance Holdings from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, October 17th.
In other Heritage Insurance Holdings news, President Richard A. Widdicombe acquired 16,500 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average price of $11.32 per share, with a total value of $186,780.00. Following the transaction, the president now owns 775,612 shares of the company’s stock, valued at $8,779,927.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased a total of 20,550 shares of company stock valued at $231,949 in the last three months. 17.90% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the business. Royce & Associates LP raised its holdings in Heritage Insurance Holdings by 2.8% in the 2nd quarter. Royce & Associates LP now owns 630,700 shares of the insurance provider’s stock valued at $8,212,000 after acquiring an additional 17,200 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Heritage Insurance Holdings by 3.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 863,752 shares of the insurance provider’s stock valued at $11,247,000 after acquiring an additional 29,740 shares in the last quarter. Kirr Marbach & Co. LLC IN raised its holdings in Heritage Insurance Holdings by 116.2% in the 3rd quarter. Kirr Marbach & Co. LLC IN now owns 48,420 shares of the insurance provider’s stock valued at $640,000 after acquiring an additional 26,025 shares in the last quarter. Kennedy Capital Management Inc. raised its holdings in Heritage Insurance Holdings by 2,090.2% in the 2nd quarter. Kennedy Capital Management Inc. now owns 392,052 shares of the insurance provider’s stock valued at $5,105,000 after acquiring an additional 374,152 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its holdings in Heritage Insurance Holdings by 16.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 344,450 shares of the insurance provider’s stock valued at $4,485,000 after acquiring an additional 49,700 shares in the last quarter. 72.52% of the stock is owned by hedge funds and other institutional investors.
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Shares of Heritage Insurance Holdings (NYSE:HRTG) traded up $0.47 during trading hours on Friday, hitting $17.90. The company’s stock had a trading volume of 542,181 shares, compared to its average volume of 316,504. Heritage Insurance Holdings has a 12 month low of $8.85 and a 12 month high of $17.93. The firm has a market capitalization of $425.30, a PE ratio of 1,743.00 and a beta of 1.44. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.63.
Heritage Insurance Holdings (NYSE:HRTG) last announced its quarterly earnings results on Wednesday, November 1st. The insurance provider reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.23). Heritage Insurance Holdings had a return on equity of 0.31% and a net margin of 0.27%. The company had revenue of $101.77 million during the quarter, compared to analyst estimates of $99.01 million. During the same period in the prior year, the firm earned $0.37 EPS. Heritage Insurance Holdings’s quarterly revenue was down 6.9% on a year-over-year basis. equities analysts forecast that Heritage Insurance Holdings will post 0.73 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.34%. Heritage Insurance Holdings’s dividend payout ratio is presently 2,402.40%.
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.
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