Irini Barlas Purchases 10,000 Shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) Stock
Heritage Insurance Holdings, Inc. (NYSE:HRTG) Director Irini Barlas bought 10,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $11.61 per share, for a total transaction of $116,100.00. Following the transaction, the director now owns 14,200 shares in the company, valued at approximately $164,862. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Heritage Insurance Holdings, Inc. (NYSE HRTG) traded down 0.87% during trading on Monday, hitting $11.43. The stock had a trading volume of 51,624 shares. Heritage Insurance Holdings, Inc. has a 12 month low of $11.21 and a 12 month high of $16.48. The company has a market cap of $339.47 million, a PE ratio of 16.12 and a beta of 1.29. The company’s 50 day moving average is $12.47 and its 200-day moving average is $13.01.
Heritage Insurance Holdings (NYSE:HRTG) last announced its quarterly earnings data on Tuesday, August 8th. The insurance provider reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. Heritage Insurance Holdings had a return on equity of 5.67% and a net margin of 5.07%. The firm had revenue of $96.90 million for the quarter, compared to the consensus estimate of $100.17 million. During the same quarter last year, the business posted $0.62 earnings per share. The firm’s revenue was down 15.9% compared to the same quarter last year. On average, equities research analysts predict that Heritage Insurance Holdings, Inc. will post $1.15 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.24 dividend on an annualized basis and a yield of 2.08%. Heritage Insurance Holdings’s payout ratio is 33.33%.
A number of institutional investors have recently made changes to their positions in the company. Voya Investment Management LLC increased its stake in Heritage Insurance Holdings by 16.9% in the second quarter. Voya Investment Management LLC now owns 15,066 shares of the insurance provider’s stock worth $196,000 after buying an additional 2,181 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Heritage Insurance Holdings by 26.1% in the second quarter. Dimensional Fund Advisors LP now owns 987,200 shares of the insurance provider’s stock worth $12,853,000 after buying an additional 204,088 shares in the last quarter. Citadel Advisors LLC increased its stake in Heritage Insurance Holdings by 730.4% in the second quarter. Citadel Advisors LLC now owns 108,788 shares of the insurance provider’s stock worth $1,416,000 after buying an additional 95,688 shares in the last quarter. California Public Employees Retirement System acquired a new stake in Heritage Insurance Holdings during the second quarter worth approximately $251,000. Finally, GSA Capital Partners LLP increased its stake in Heritage Insurance Holdings by 21.2% in the second quarter. GSA Capital Partners LLP now owns 151,505 shares of the insurance provider’s stock worth $1,973,000 after buying an additional 26,546 shares in the last quarter. Hedge funds and other institutional investors own 57.60% of the company’s stock.
HRTG has been the topic of several analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $17.00 target price on shares of Heritage Insurance Holdings in a research report on Friday, June 2nd. TheStreet raised Heritage Insurance Holdings from a “c” rating to a “b-” rating in a research report on Monday, June 26th. Zacks Investment Research raised Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, BidaskClub raised Heritage Insurance Holdings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average 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.
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