Shares of Heritage Insurance Holdings Inc (NYSE:HRTG) have been given a consensus recommendation of “Buy” by the six brokerages that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $19.50.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Heritage Insurance from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Tuesday, November 28th. Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 price objective on shares of Heritage Insurance in a research note on Friday, December 22nd. Citigroup raised their price objective on Heritage Insurance from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. BidaskClub upgraded Heritage Insurance from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 28th. Finally, TheStreet lowered Heritage Insurance from a “b” rating to a “c+” rating in a research note on Wednesday, November 1st.

Shares of Heritage Insurance (NYSE:HRTG) opened at $17.97 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.63. Heritage Insurance has a 12 month low of $8.85 and a 12 month high of $18.70. The stock has a market capitalization of $432.86, a PE ratio of 1,797.00 and a beta of 1.49.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 17th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $0.24 dividend on an annualized basis and a yield of 1.34%. Heritage Insurance’s dividend payout ratio (DPR) is presently 2,400.00%.

In other Heritage Insurance news, Director Nicholas George Pappas sold 2,850 shares of the firm’s stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $17.90, for a total transaction 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.

Several institutional investors and hedge funds have recently modified their holdings of HRTG. Balyasny Asset Management LLC grew its position in shares of 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 in the last quarter. Voya Investment Management LLC grew its position in shares of 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 in the last quarter. California Public Employees Retirement System acquired a new position in shares of Heritage Insurance in the 2nd quarter worth approximately $251,000. First Trust Advisors LP acquired a new position in shares of Heritage Insurance in the 3rd quarter worth approximately $267,000. Finally, Schroder Investment Management Group grew its position in shares of 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 in the last quarter. Institutional investors own 81.30% of the company’s stock.

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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.

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