Heritage Insurance Holdings Inc (NYSE:HRTG) CEO Bruce Lucas purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The shares were purchased at an average cost of $16.23 per share, for a total transaction of $81,150.00. Following the purchase, the chief executive officer now directly owns 941,173 shares in the company, valued at $15,275,237.79. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Bruce Lucas also recently made the following trade(s):

  • On Tuesday, November 13th, Bruce Lucas purchased 3,880 shares of Heritage Insurance stock. The shares were purchased at an average cost of $16.46 per share, for a total transaction of $63,864.80.
  • On Wednesday, November 7th, Bruce Lucas acquired 9,300 shares of Heritage Insurance stock. The shares were bought at an average cost of $16.07 per share, with a total value of $149,451.00.
  • On Monday, November 5th, Bruce Lucas acquired 5,000 shares of Heritage Insurance stock. The shares were bought at an average cost of $16.05 per share, with a total value of $80,250.00.
  • On Thursday, August 23rd, Bruce Lucas acquired 5,000 shares of Heritage Insurance stock. The shares were bought at an average cost of $14.91 per share, with a total value of $74,550.00.

NYSE HRTG opened at $15.83 on Thursday. Heritage Insurance Holdings Inc has a one year low of $12.85 and a one year high of $19.15. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $433.06 million, a PE ratio of 10.35 and a beta of 1.16.

Heritage Insurance (NYSE:HRTG) last posted its quarterly earnings results on Wednesday, October 31st. The insurance provider reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.36. Heritage Insurance had a net margin of 3.92% and a return on equity of 13.85%. The business had revenue of $125.30 million during the quarter, compared to analyst estimates of $123.59 million. Equities analysts forecast that Heritage Insurance Holdings Inc will post 1.18 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Stockholders of record on Saturday, December 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Thursday, December 13th. Heritage Insurance’s dividend payout ratio (DPR) is presently 15.69%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Trust Advisors LP boosted its holdings in shares of Heritage Insurance by 18.0% in the 2nd quarter. First Trust Advisors LP now owns 26,498 shares of the insurance provider’s stock valued at $442,000 after buying an additional 4,048 shares during the period. Swiss National Bank boosted its holdings in shares of Heritage Insurance by 16.5% in the 2nd quarter. Swiss National Bank now owns 42,300 shares of the insurance provider’s stock valued at $705,000 after buying an additional 6,000 shares during the period. MetLife Investment Advisors LLC boosted its holdings in shares of Heritage Insurance by 58.7% in the 3rd quarter. MetLife Investment Advisors LLC now owns 18,710 shares of the insurance provider’s stock valued at $277,000 after buying an additional 6,918 shares during the period. Rothschild Asset Management Inc. boosted its holdings in shares of Heritage Insurance by 1.9% in the 2nd quarter. Rothschild Asset Management Inc. now owns 411,639 shares of the insurance provider’s stock valued at $6,862,000 after buying an additional 7,605 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Heritage Insurance by 3.9% in the 1st quarter. Northern Trust Corp now owns 232,245 shares of the insurance provider’s stock valued at $3,521,000 after buying an additional 8,694 shares during the period. 76.89% of the stock is owned by institutional investors and hedge funds.

Several brokerages have weighed in on HRTG. Zacks Investment Research lowered shares of Heritage Insurance from a “hold” rating to a “strong sell” rating in a report on Thursday, August 9th. Sandler O’Neill reissued a “buy” rating and set a $19.00 price objective on shares of Heritage Insurance in a report on Friday, August 3rd. ValuEngine lowered shares of Heritage Insurance from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Finally, Citigroup decreased their price objective on shares of Heritage Insurance from $17.00 to $16.50 and set a “buy” rating for the company in a report on Friday, October 12th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.92.

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About Heritage Insurance

Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential property insurance for single-family homeowners and condominium owners; rental property insurance; and commercial residential insurance, as well as residential wind-only property insurance in Alabama, Connecticut, Florida, Georgia, Hawaii, Massachusetts, New York, New Jersey, North Carolina, Rhode Island, and South Carolina.

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