Investment Analysts’ Recent Ratings Updates for Heritage Insurance Holdings (HRTG)

A number of research firms have changed their ratings and price targets for Heritage Insurance Holdings (NYSE: HRTG):

  • 9/28/2017 – Heritage Insurance Holdings was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/26/2017 – Heritage Insurance Holdings had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $18.00 price target on the stock.
  • 9/22/2017 – Heritage Insurance Holdings was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/21/2017 – Heritage Insurance Holdings had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $17.00 price target on the stock.
  • 9/14/2017 – Heritage Insurance Holdings was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Heritage Insurance Holdings, Inc. (NYSE:HRTG) traded up 1.03% on Tuesday, reaching $14.70. 79,787 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $12.15 and a 200 day moving average price of $12.37. Heritage Insurance Holdings, Inc. has a 12-month low of $8.85 and a 12-month high of $16.48. The stock has a market cap of $436.59 million, a price-to-earnings ratio of 20.73 and a beta of 1.35.

Heritage Insurance Holdings (NYSE:HRTG) last released its quarterly earnings data on Tuesday, August 8th. The insurance provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $96.90 million for the quarter, compared to the consensus estimate of $100.17 million. Heritage Insurance Holdings had a net margin of 5.07% and a return on equity of 5.67%. The business’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS. Analysts forecast that Heritage Insurance Holdings, Inc. will post $0.71 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Thursday, September 14th. Heritage Insurance Holdings’s dividend payout ratio is currently 33.33%.

In other news, Director James Masiello bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average cost of $11.71 per share, for a total transaction of $117,100.00. Following the purchase, the director now directly owns 239,795 shares in the company, valued at approximately $2,807,999.45. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Bruce Lucas bought 22,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $11.58 per share, with a total value of $254,760.00. Following the completion of the purchase, the chief executive officer now owns 869,595 shares in the company, valued at $10,069,910.10. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 91,350 shares of company stock valued at $1,051,923. Company insiders own 16.10% of the company’s stock.

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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