Keefe, Bruyette & Woods restated their buy rating on shares of Heritage Insurance (NYSE:HRTG) in a report released on Friday morning. The firm currently has a $21.00 price target on the insurance provider’s stock.
HRTG has been the subject of several other reports. BidaskClub upgraded shares of Heritage Insurance from a sell rating to a hold rating in a research note on Thursday, September 14th. SunTrust Banks restated a buy rating and set a $18.00 price objective on shares of Heritage Insurance in a research report on Wednesday, November 1st. TheStreet downgraded shares of Heritage Insurance from a b rating to a c+ rating in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Heritage Insurance from a hold rating to a buy rating and set a $20.00 price objective for the company in a research report on Tuesday, November 28th. Finally, Citigroup raised their price objective on shares of Heritage Insurance from $17.00 to $18.00 and gave the stock a buy rating in a research report on Tuesday, October 17th. Five analysts have rated the stock with a buy rating, Heritage Insurance presently has a consensus rating of Buy and a consensus target price of $19.50.
Shares of Heritage Insurance (NYSE HRTG) opened at $16.81 on Friday. Heritage Insurance has a one year low of $8.85 and a one year high of $18.70. The stock has a market cap of $410.17, a PE ratio of 1,681.00 and a beta of 1.49. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.63.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 17th were given a dividend of $0.06 per share. The ex-dividend date was Thursday, November 16th. This represents a $0.24 annualized dividend and a yield of 1.43%. Heritage Insurance’s dividend payout ratio (DPR) is presently 2,400.00%.
A number of hedge funds have recently modified their holdings of HRTG. Sei Investments Co. lifted its position in Heritage Insurance by 10.8% during the second quarter. Sei Investments Co. now owns 52,531 shares of the insurance provider’s stock worth $684,000 after acquiring an additional 5,111 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Heritage Insurance by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 197,271 shares of the insurance provider’s stock worth $2,568,000 after purchasing an additional 2,744 shares during the period. Virginia Retirement Systems ET AL increased its holdings in shares of Heritage Insurance by 0.3% during the second quarter. Virginia Retirement Systems ET AL now owns 36,900 shares of the insurance provider’s stock worth $480,000 after purchasing an additional 100 shares during the period. Royce & Associates LP increased its holdings in shares of Heritage Insurance by 2.8% during the second quarter. Royce & Associates LP now owns 630,700 shares of the insurance provider’s stock worth $8,212,000 after purchasing an additional 17,200 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of Heritage Insurance by 57.1% during the second quarter. Prudential Financial Inc. now owns 120,420 shares of the insurance provider’s stock worth $1,568,000 after purchasing an additional 43,744 shares during the period. Hedge funds and other institutional investors own 81.30% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Heritage Insurance (HRTG) Stock Rating Reaffirmed by Keefe, Bruyette & Woods” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://www.com-unik.info/2017/12/26/heritage-insurance-hrtg-stock-rating-reaffirmed-by-keefe-bruyette-woods.html.
About Heritage Insurance
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.
What are top analysts saying about Heritage Insurance? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Heritage Insurance and related companies.