Heritage Insurance (NYSE:HRTG) CEO Ernie Garateix Sells 8,334 Shares of Stock

Heritage Insurance Holdings, Inc. (NYSE:HRTG) CEO Ernie Garateix sold 8,334 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $24.12, for a total transaction of $201,016.08. Following the sale, the chief executive officer owned 1,120,170 shares of the company’s stock, valued at approximately $27,018,500.40. The trade was a 0.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Heritage Insurance Stock Performance

NYSE:HRTG opened at $27.73 on Wednesday. The business’s fifty day moving average is $26.72 and its 200 day moving average is $25.86. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.82 and a current ratio of 0.82. Heritage Insurance Holdings, Inc. has a 52-week low of $9.89 and a 52-week high of $31.98. The firm has a market cap of $857.07 million, a price-to-earnings ratio of 5.74 and a beta of 0.96.

Institutional Trading of Heritage Insurance

Several hedge funds have recently modified their holdings of HRTG. Advisory Services Network LLC purchased a new position in Heritage Insurance during the third quarter worth $25,000. Financial Management Professionals Inc. purchased a new position in Heritage Insurance during the third quarter valued at approximately $26,000. Nisa Investment Advisors LLC increased its holdings in shares of Heritage Insurance by 2,413.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,106 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 1,062 shares during the period. Mcguire Capital Advisors Inc. purchased a new stake in shares of Heritage Insurance during the fourth quarter valued at about $31,000. Finally, Royal Bank of Canada boosted its stake in Heritage Insurance by 72.6% in the fourth quarter. Royal Bank of Canada now owns 1,182 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 497 shares in the last quarter. 59.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HRTG has been the topic of a number of analyst reports. Zacks Research cut shares of Heritage Insurance from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Truist Financial boosted their price objective on shares of Heritage Insurance from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Heritage Insurance in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Heritage Insurance currently has an average rating of “Moderate Buy” and a consensus price target of $32.50.

About Heritage Insurance

Heritage Insurance Holdings, Inc (NYSE: HRTG) is a property and casualty insurance holding company that offers homeowners insurance and related coverage products in the United States. Through its primary subsidiary, Heritage Property & Casualty Insurance Company, the firm underwrites standard and non-standard personal lines insurance, including homeowners, dwelling fire, flood, and condominium policies. Heritage leverages a network of independent insurance agents to distribute its products across select regional markets, with an emphasis on serving property owners in areas prone to severe weather events.

Founded in 2011 and headquartered in Jupiter, Florida, Heritage Insurance has grown to become one of the leading providers of residential property insurance in the state.