Heritage Insurance (HRTG) Hits New 12-Month High at $19.02

Shares of Heritage Insurance Holdings Inc (NYSE:HRTG) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $19.02 and last traded at $18.82, with a volume of 391900 shares changing hands. The stock had previously closed at $18.40.

Several analysts have issued reports on HRTG shares. TheStreet raised Heritage Insurance from a “c+” rating to a “b” rating in a research report on Monday, October 16th. Citigroup raised their price objective on Heritage Insurance from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, October 17th. BidaskClub raised Heritage Insurance from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. SunTrust Banks reissued a “buy” rating and issued a $18.00 price objective on shares of Heritage Insurance in a research report on Wednesday, November 1st. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $17.00 price objective on shares of Heritage Insurance in a research report on Thursday, September 21st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $19.50.

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 firm has a market capitalization of $447.36, a PE ratio of 1,896.90 and a beta of 1.49.

Heritage Insurance (NYSE:HRTG) last posted its quarterly earnings data on Wednesday, November 1st. The insurance provider reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.23). The business had revenue of $101.77 million during the quarter, compared to analyst estimates of $99.01 million. Heritage Insurance had a return on equity of 0.31% and a net margin of 0.27%. The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. sell-side analysts predict that Heritage Insurance Holdings Inc will post 0.73 EPS for the current year.

In related news, Director Nicholas George Pappas sold 2,850 shares of the firm’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $17.90, for a total value of $51,015.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 16.10% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Balyasny Asset Management LLC raised its stake in Heritage Insurance by 18.0% in the 2nd quarter. Balyasny Asset Management LLC now owns 14,082 shares of the insurance provider’s stock worth $183,000 after acquiring an additional 2,148 shares during the last quarter. Voya Investment Management LLC raised its stake in Heritage Insurance by 16.9% in the 2nd quarter. Voya Investment Management LLC now owns 15,066 shares of the insurance provider’s stock worth $196,000 after acquiring an additional 2,181 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Heritage Insurance by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 197,271 shares of the insurance provider’s stock worth $2,568,000 after acquiring an additional 2,744 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Heritage Insurance by 8.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 43,743 shares of the insurance provider’s stock worth $789,000 after acquiring an additional 3,281 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in Heritage Insurance by 44.5% in the 2nd quarter. Schroder Investment Management Group now owns 35,481 shares of the insurance provider’s stock worth $462,000 after acquiring an additional 10,935 shares during the last quarter. Institutional investors own 81.30% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3144765/heritage-insurance-hrtg-hits-new-12-month-high-at-19-02.html.

Heritage Insurance Company Profile

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.

Receive News & Ratings for Heritage Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Insurance and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.