News headlines about Heritage Insurance (NYSE:HRTG) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Heritage Insurance earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 46.8727968915813 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several brokerages have commented on HRTG. Zacks Investment Research upgraded Heritage Insurance from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Tuesday, November 28th. Citigroup raised their price target on Heritage Insurance from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. BidaskClub upgraded Heritage Insurance from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 28th. TheStreet downgraded Heritage Insurance from a “b” rating to a “c+” rating in a research note on Wednesday, November 1st. Finally, SunTrust Banks restated a “buy” rating and issued a $18.00 price target on shares of Heritage Insurance in a research note on Wednesday, November 1st. Five equities research analysts have rated the stock with a buy rating, Heritage Insurance has a consensus rating of “Buy” and a consensus target price of $18.50.
Heritage Insurance (NYSE:HRTG) opened at $17.20 on Thursday. The firm has a market capitalization of $431.88, a price-to-earnings ratio of 1,740.00 and a beta of 1.49. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.63. Heritage Insurance has a 52-week low of $8.85 and a 52-week high of $18.70.
Heritage Insurance (NYSE:HRTG) last posted its quarterly earnings results on Wednesday, November 1st. The insurance provider reported ($0.34) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.23). The business had revenue of $101.77 million for the quarter, compared to the consensus estimate of $99.01 million. Heritage Insurance had a net margin of 0.27% and a return on equity of 0.31%. Heritage Insurance’s revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 earnings per share. equities analysts anticipate that Heritage Insurance will post 0.73 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, November 16th. This represents a $0.24 dividend on an annualized basis and a yield of 1.40%. Heritage Insurance’s dividend payout ratio is presently 2,400.00%.
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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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