Heritage Insurance (NYSE:HRTG – Get Rating) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Sunday.
Other equities research analysts also recently issued research reports about the company. Truist Financial upped their price target on Heritage Insurance from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Monday, March 6th. Piper Sandler downgraded Heritage Insurance from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $4.30 to $2.20 in a report on Monday, February 13th. Finally, JMP Securities decreased their price target on Heritage Insurance from $4.00 to $3.00 and set a “market outperform” rating for the company in a report on Tuesday, January 17th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Heritage Insurance has a consensus rating of “Moderate Buy” and an average target price of $3.40.
Heritage Insurance Price Performance
Shares of NYSE:HRTG opened at $2.94 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.73 and a debt-to-equity ratio of 0.98. Heritage Insurance has a twelve month low of $1.12 and a twelve month high of $7.37. The stock’s 50 day moving average is $2.57 and its 200-day moving average is $2.14. The firm has a market capitalization of $75.15 million, a price-to-earnings ratio of -0.51 and a beta of 0.76.
Insider Buying and Selling at Heritage Insurance
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in HRTG. Rutabaga Capital Management LLC MA purchased a new position in shares of Heritage Insurance during the 3rd quarter valued at $2,843,000. Spotlight Asset Group Inc. purchased a new stake in Heritage Insurance during the 3rd quarter worth about $852,000. International Assets Investment Management LLC purchased a new stake in Heritage Insurance during the 4th quarter worth about $714,000. Millennium Management LLC lifted its holdings in Heritage Insurance by 111.4% during the 4th quarter. Millennium Management LLC now owns 469,843 shares of the insurance provider’s stock worth $846,000 after purchasing an additional 247,620 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Heritage Insurance by 48.4% during the 4th quarter. Renaissance Technologies LLC now owns 354,599 shares of the insurance provider’s stock worth $638,000 after purchasing an additional 115,700 shares in the last quarter. Hedge funds and other institutional investors own 49.29% of the company’s stock.
About Heritage Insurance
Heritage Insurance Holdings, Inc engages in the provision of personal and residential premium, property, and casualty insurance policies. It offers personal residential insurance for single-family homeowners and condominium owners, rental property insurance, and commercial residential insurance. The company was founded in August 2012 and is headquartered in Tampa, FL.
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