Heritage Insurance Holdings Inc (NYSE:HRTG) announced a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Investors of record on Friday, September 15th will be paid a dividend of 0.06 per share by the insurance provider on Monday, October 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Thursday, September 14th.
Shares of Heritage Insurance Holdings (HRTG) opened at 12.01 on Wednesday. The company has a market capitalization of $356.70 million, a PE ratio of 16.94 and a beta of 1.30. Heritage Insurance Holdings has a 52 week low of $8.85 and a 52 week high of $16.48. The company’s 50 day moving average is $11.63 and its 200-day moving average is $12.51.
Heritage Insurance Holdings (NYSE:HRTG) last released its earnings results on Tuesday, August 8th. The insurance provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. Heritage Insurance Holdings had a return on equity of 7.34% and a net margin of 6.85%. The firm had revenue of $96.90 million for the quarter, compared to analyst estimates of $100.17 million. During the same quarter in the prior year, the firm posted $0.62 earnings per share. The company’s quarterly revenue was down 15.9% on a year-over-year basis. On average, analysts expect that Heritage Insurance Holdings will post $1.06 EPS for the current fiscal year.
Several equities analysts have weighed in on the company. Zacks Investment Research raised Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $17.00 target price on shares of Heritage Insurance Holdings in a research note on Friday, June 2nd. BidaskClub raised Heritage Insurance Holdings from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, TheStreet raised Heritage Insurance Holdings from a “c” rating to a “b-” rating in a research note on Monday, June 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $16.33.
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In other news, President Richard A. Widdicombe acquired 25,800 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average cost of $11.53 per share, for a total transaction of $297,474.00. Following the completion of the acquisition, the president now owns 759,112 shares in the company, valued at $8,752,561.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Richard A. Widdicombe acquired 16,500 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were purchased at an average price of $11.32 per share, with a total value of $186,780.00. Following the completion of the acquisition, the president now owns 775,612 shares of the company’s stock, valued at approximately $8,779,927.84. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 91,350 shares of company stock worth $1,051,923. 16.10% of the stock is currently owned by insiders.
About Heritage Insurance Holdings
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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