Heritage Insurance (NYSE:HRTG) CFO Kirk Lusk Sells 8,331 Shares of Stock

Heritage Insurance Holdings, Inc. (NYSE:HRTG) CFO Kirk Lusk sold 8,331 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $28.21, for a total value of $235,017.51. Following the sale, the chief financial officer directly owned 550,425 shares of the company’s stock, valued at $15,527,489.25. The trade was a 1.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Kirk Lusk also recently made the following trade(s):

• On Wednesday, November 5th, Kirk Lusk sold 19,929 shares of Heritage Insurance stock. The stock was sold at an average price of $24.18, for a total transaction of $481,883.22.
• On Tuesday, November 4th, Kirk Lusk sold 71 shares of Heritage Insurance stock. The stock was sold at an average price of $24.00, for a total value of $1,704.00.
• On Friday, October 3rd, Kirk Lusk sold 6,803 shares of Heritage Insurance stock. The stock was sold at an average price of $24.16, for a total transaction of $164,360.48.
• On Wednesday, October 1st, Kirk Lusk sold 13,197 shares of Heritage Insurance stock. The shares were sold at an average price of $24.77, for a total transaction of $326,889.69.
• On Friday, September 12th, Kirk Lusk sold 20,000 shares of Heritage Insurance stock. The stock was sold at an average price of $24.17, for a total transaction of $483,400.00.

Heritage Insurance Stock Performance

Shares of HRTG traded down $0.92 during trading hours on Friday, reaching $27.40. 21,765 shares of the company traded hands, compared to its average volume of 402,214. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s fifty day moving average is $26.23 and its 200 day moving average is $24.08. Heritage Insurance Holdings, Inc. has a 1-year low of $9.89 and a 1-year high of $31.98. The stock has a market cap of $846.96 million, a P/E ratio of 5.72 and a beta of 0.96.

Heritage Insurance (NYSE:HRTG) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $1.10. Heritage Insurance had a net margin of 17.72% and a return on equity of 41.44%. The firm had revenue of $212.46 million for the quarter, compared to the consensus estimate of $210.12 million. Equities research analysts anticipate that Heritage Insurance Holdings, Inc. will post 1.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HRTG shares. Truist Financial upped their price target on shares of Heritage Insurance from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Weiss Ratings upgraded shares of Heritage Insurance from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. Zacks Research raised shares of Heritage Insurance from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Finally, Wall Street Zen cut shares of Heritage Insurance from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $32.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of Heritage Insurance by 8.6% during the first quarter. AQR Capital Management LLC now owns 509,080 shares of the insurance provider’s stock worth $7,341,000 after purchasing an additional 40,220 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Heritage Insurance by 8.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 485,631 shares of the insurance provider’s stock worth $7,003,000 after purchasing an additional 37,763 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Heritage Insurance during the 1st quarter worth approximately $751,000. Nuveen LLC acquired a new stake in Heritage Insurance during the 1st quarter worth approximately $1,495,000. Finally, American Century Companies Inc. lifted its stake in Heritage Insurance by 14.7% in the first quarter. American Century Companies Inc. now owns 676,814 shares of the insurance provider’s stock valued at $9,760,000 after buying an additional 86,915 shares in the last quarter. Institutional investors and hedge funds own 59.03% of the company’s stock.

Heritage Insurance Company Profile

Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential insurance in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; commercial residential insurance for properties in Florida, New Jersey, and New York; and licensed in the state of Pennsylvania, as well as personal residential and wind-only property insurance.