Heritage Insurance (NYSE:HRTG) CAO Sells $236,624.00 in Stock

Heritage Insurance Holdings, Inc. (NYSE:HRTG) CAO Sharon Binnun sold 9,200 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $25.72, for a total value of $236,624.00. Following the completion of the transaction, the chief accounting officer directly owned 133,188 shares in the company, valued at $3,425,595.36. The trade was a 6.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sharon Binnun also recently made the following trade(s):

• On Tuesday, March 17th, Sharon Binnun sold 7,893 shares of Heritage Insurance stock. The stock was sold at an average price of $28.35, for a total value of $223,766.55.

Heritage Insurance Trading Up 0.1%

Shares of HRTG stock traded up $0.02 on Friday, reaching $26.21. The company had a trading volume of 394,252 shares, compared to its average volume of 318,629. The stock has a market cap of $805.23 million, a PE ratio of 4.15 and a beta of 0.95. The company has a 50-day moving average of $26.36 and a 200-day moving average of $26.63. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.16. Heritage Insurance Holdings, Inc. has a 12 month low of $13.27 and a 12 month high of $31.98.

Heritage Insurance (NYSE:HRTG) last released its quarterly earnings data on Monday, March 9th. The insurance provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.54. The business had revenue of $215.32 million for the quarter, compared to analyst estimates of $212.60 million. Heritage Insurance had a net margin of 23.08% and a return on equity of 47.28%. On average, equities analysts forecast that Heritage Insurance Holdings, Inc. will post 1.86 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HRTG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Heritage Insurance by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,621 shares of the insurance provider’s stock worth $196,000 after acquiring an additional 546 shares during the period. Millennium Management LLC lifted its position in Heritage Insurance by 39.8% in the 1st quarter. Millennium Management LLC now owns 322,957 shares of the insurance provider’s stock valued at $4,657,000 after acquiring an additional 91,982 shares in the last quarter. Empowered Funds LLC boosted its stake in Heritage Insurance by 8.4% in the 1st quarter. Empowered Funds LLC now owns 124,859 shares of the insurance provider’s stock worth $1,800,000 after purchasing an additional 9,728 shares during the period. Strs Ohio bought a new position in Heritage Insurance during the 1st quarter worth about $127,000. Finally, JPMorgan Chase & Co. increased its holdings in Heritage Insurance by 1,078.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 140,879 shares of the insurance provider’s stock worth $3,514,000 after purchasing an additional 128,927 shares in the last quarter. Institutional investors own 59.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HRTG shares. Citigroup reissued a “market perform” rating on shares of Heritage Insurance in a report on Tuesday, March 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Heritage Insurance in a report on Friday, March 27th. Truist Financial boosted their target price on Heritage Insurance from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Finally, Zacks Research upgraded Heritage Insurance from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $33.50.

Heritage Insurance Company Profile

Heritage Insurance Holdings, Inc (NYSE: HRTG) is a property and casualty insurance holding company that offers homeowners insurance and related coverage products in the United States. Through its primary subsidiary, Heritage Property & Casualty Insurance Company, the firm underwrites standard and non-standard personal lines insurance, including homeowners, dwelling fire, flood, and condominium policies. Heritage leverages a network of independent insurance agents to distribute its products across select regional markets, with an emphasis on serving property owners in areas prone to severe weather events.

Founded in 2011 and headquartered in Jupiter, Florida, Heritage Insurance has grown to become one of the leading providers of residential property insurance in the state.