Heritage Insurance Holdings Inc (NYSE:HRTG) announced a dividend on Thursday, October 31st, Fidelity reports. Investors of record on Monday, December 16th will be paid a dividend of 0.06 per share by the insurance provider on Friday, January 3rd. The ex-dividend date is Friday, December 13th.
Heritage Insurance stock traded down $0.09 during midday trading on Wednesday, reaching $13.27. The stock had a trading volume of 150,121 shares, compared to its average volume of 147,907. Heritage Insurance has a 12 month low of $12.88 and a 12 month high of $16.38. The company has a market capitalization of $390.09 million, a P/E ratio of 9.62 and a beta of 0.72. The company has a fifty day moving average price of $13.92 and a two-hundred day moving average price of $14.46. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.29.
Heritage Insurance (NYSE:HRTG) last issued its earnings results on Thursday, October 31st. The insurance provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.14. Heritage Insurance had a return on equity of 6.39% and a net margin of 3.97%. The business had revenue of $131.70 million during the quarter, compared to analyst estimates of $120.96 million. On average, equities research analysts predict that Heritage Insurance will post 0.83 earnings per share for the current fiscal year.
HRTG has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lowered Heritage Insurance from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $17.00 to $16.00 in a report on Monday, November 4th. They noted that the move was a valuation call. ValuEngine lowered Heritage Insurance from a “buy” rating to a “hold” rating in a report on Monday, November 25th. Zacks Investment Research lowered Heritage Insurance from a “hold” rating to a “sell” rating in a report on Saturday, October 26th. Finally, TheStreet raised Heritage Insurance from a “c+” rating to a “b-” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.25.
In other Heritage Insurance news, CEO Bruce Lucas sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $14.37, for a total transaction of $1,077,750.00. Following the completion of the sale, the chief executive officer now directly owns 801,859 shares of the company’s stock, valued at approximately $11,522,713.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.00% of the company’s stock.
Heritage Insurance Company Profile
Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential property insurance for single-family homeowners and condominium owners; rental property insurance; and commercial residential insurance in Alabama, Connecticut, Florida, Georgia, Hawaii, Massachusetts, New York, New Jersey, North Carolina, Rhode Island, and South Carolina, as well as residential wind-only property insurance.
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