Nicholas George Pappas Sells 1,000 Shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) Stock

Heritage Insurance Holdings, Inc. (NYSE:HRTG) Director Nicholas George Pappas sold 1,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $10.87, for a total transaction of $10,870.00. Following the completion of the sale, the director now owns 81,400 shares of the company’s stock, valued at approximately $884,818. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Nicholas George Pappas also recently made the following trade(s):

• On Thursday, February 29th, Nicholas George Pappas sold 1,300 shares of Heritage Insurance stock. The shares were sold at an average price of $7.06, for a total transaction of $9,178.00.
• On Friday, February 2nd, Nicholas George Pappas sold 1,500 shares of Heritage Insurance stock. The stock was sold at an average price of $5.93, for a total transaction of $8,895.00.

Heritage Insurance Price Performance

Shares of NYSE HRTG opened at $10.30 on Friday. Heritage Insurance Holdings, Inc. has a one year low of $2.85 and a one year high of $11.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a fifty day moving average of $7.67 and a 200 day moving average of $6.99. The firm has a market cap of $311.11 million, a PE ratio of 5.99 and a beta of 0.90.

Heritage Insurance (NYSE:HRTG) last released its quarterly earnings data on Monday, March 11th. The insurance provider reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.70. Heritage Insurance had a net margin of 6.16% and a return on equity of 26.69%. The company had revenue of $186.97 million during the quarter, compared to the consensus estimate of $185.11 million. As a group, research analysts predict that Heritage Insurance Holdings, Inc. will post 1.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HRTG shares. JMP Securities reiterated a “market perform” rating on shares of Heritage Insurance in a report on Wednesday, March 13th. StockNews.com raised Heritage Insurance from a “hold” rating to a “buy” rating in a research report on Thursday, March 21st. Truist Financial boosted their target price on shares of Heritage Insurance from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Finally, Piper Sandler restated a “neutral” rating and issued a $9.00 price target on shares of Heritage Insurance in a report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $9.00.

Institutional Trading of Heritage Insurance

A number of hedge funds and other institutional investors have recently made changes to their positions in HRTG. Vanguard Group Inc. grew its position in Heritage Insurance by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 1,290,710 shares of the insurance provider’s stock worth $8,415,000 after acquiring an additional 38,288 shares during the period. Luminus Management LLC purchased a new stake in Heritage Insurance in the fourth quarter valued at $1,152,000. Barclays PLC lifted its stake in shares of Heritage Insurance by 67.6% in the 4th quarter. Barclays PLC now owns 98,814 shares of the insurance provider’s stock valued at $644,000 after purchasing an additional 39,870 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Heritage Insurance by 25.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 285,375 shares of the insurance provider’s stock worth $1,861,000 after purchasing an additional 57,864 shares during the period. Finally, Putnam Investments LLC increased its position in shares of Heritage Insurance by 69.4% during the 4th quarter. Putnam Investments LLC now owns 482,524 shares of the insurance provider’s stock worth $3,146,000 after purchasing an additional 197,713 shares during the last quarter. Institutional investors and hedge funds own 59.03% of the company’s stock.

About Heritage Insurance

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.