Press coverage about Heritage Insurance (NYSE:HRTG) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Heritage Insurance earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media stories about the insurance provider an impact score of 45.7117020742597 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Heritage Insurance (NYSE:HRTG) opened at $16.79 on Friday. The firm has a market cap of $448.86, a price-to-earnings ratio of 1,680.68 and a beta of 1.30. Heritage Insurance has a 12-month low of $8.85 and a 12-month high of $19.15. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.97 and a quick ratio of 0.97.
HRTG has been the subject of several research reports. SunTrust Banks reissued a “buy” rating and set a $18.00 price objective on shares of Heritage Insurance in a research report on Wednesday, November 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $21.00 target price on shares of Heritage Insurance in a research report on Friday, December 22nd. Zacks Investment Research raised shares of 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. Citigroup raised their target price on shares of Heritage Insurance from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, BidaskClub downgraded shares of Heritage Insurance from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $18.80.
In related news, Director Nicholas George Pappas sold 2,850 shares of the firm’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $17.90, for a total value of $51,015.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.10% of the stock is currently owned by company insiders.
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Heritage Insurance Company Profile
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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