Heritage Insurance Holdings, Inc. (NYSE:HRTG) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $9.76 and last traded at $9.82, with a volume of 824,638 shares changing hands. The stock had previously closed at $11.26.

A number of brokerages recently commented on HRTG. BidaskClub upgraded shares of Heritage Insurance Holdings from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. TheStreet lowered shares of Heritage Insurance Holdings from a “b-” rating to a “c” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $17.00 price target on shares of Heritage Insurance Holdings in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.33.

The company’s 50-day moving average price is $11.98 and its 200 day moving average price is $12.72. The company has a market cap of $287.79 million, a price-to-earnings ratio of 13.67 and a beta of 1.30.

Heritage Insurance Holdings (NYSE:HRTG) last posted its quarterly earnings data on Tuesday, August 8th. The insurance provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Heritage Insurance Holdings had a net margin of 5.07% and a return on equity of 5.67%. The business had revenue of $96.90 million during the quarter, compared to the consensus estimate of $100.17 million. During the same quarter last year, the company posted $0.62 earnings per share. The firm’s quarterly revenue was down 15.9% compared to the same quarter last year. Equities research analysts forecast that Heritage Insurance Holdings, Inc. will post $1.13 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 issued a dividend of $0.06 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.24 dividend on an annualized basis and a yield of 2.13%. Heritage Insurance Holdings’s dividend payout ratio (DPR) is presently 33.33%.

In related news, President Richard A. Widdicombe acquired 25,800 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $11.53 per share, for a total transaction of $297,474.00. Following the completion of the acquisition, the president now owns 759,112 shares of the company’s stock, valued at approximately $8,752,561.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Richard A. Widdicombe acquired 16,500 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were bought at an average price of $11.32 per share, with a total value of $186,780.00. Following the acquisition, the president now directly owns 775,612 shares of the company’s stock, valued at approximately $8,779,927.84. The disclosure for this purchase can be found here. Insiders have purchased 90,200 shares of company stock valued at $1,040,050 in the last 90 days. 16.10% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp increased its stake in shares of Heritage Insurance Holdings by 6.3% in the second quarter. State Street Corp now owns 484,242 shares of the insurance provider’s stock worth $6,304,000 after purchasing an additional 28,728 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Heritage Insurance Holdings by 845.2% in the second quarter. Royal Bank of Canada now owns 282,917 shares of the insurance provider’s stock worth $3,683,000 after purchasing an additional 252,986 shares in the last quarter. Balyasny Asset Management LLC increased its stake in shares of Heritage Insurance Holdings by 18.0% in the second quarter. Balyasny Asset Management LLC now owns 14,082 shares of the insurance provider’s stock worth $183,000 after purchasing an additional 2,148 shares in the last quarter. Stifel Financial Corp purchased a new position in shares of Heritage Insurance Holdings in the second quarter worth about $772,000. Finally, Voya Investment Management LLC increased its stake in shares of 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 purchasing an additional 2,181 shares in the last quarter. Hedge funds and other institutional investors own 61.29% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Heritage Insurance Holdings, Inc. (HRTG) Reaches New 52-Week Low at $9.76” was originally reported by Daily Political and is the property of of Daily Political. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://www.dailypolitical.com/2017/09/05/heritage-insurance-holdings-inc-hrtg-reaches-new-52-week-low-at-9-76.html.

Heritage Insurance Holdings 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.