Weekly analyst rating updates for Heritage Insurance (HRTG)


Wealth insurance (NYSE: HRTG) recently received a number of price target changes and rating updates:

  • 05/11/2022 – Heritage Insurance has been upgraded by StockNews.com analysts from a “hold” rating to a “buy” rating.
  • 04/05/2022 – Heritage Insurance has been downgraded by analysts at Zacks Investment Research from a ‘buy’ rating to a ‘hold’ rating. According to Zacks, “Heritage Insurance Holdings, Inc. is a property and casualty insurance holding company. Through its subsidiary, Heritage Property & Casualty Insurance Company, the Company provides personal home insurance to single family homeowners and condominium owners. Heritage Insurance Holdings, Inc. is based in Clearwater, Florida. “
  • 05/03/2022 – Heritage Insurance has been downgraded by StockNews.com analysts from a “buy” rating to a “hold” rating.
  • 05/03/2022 – Heritage Insurance has been downgraded by TheStreet analysts from a ‘c-‘ rating to a ‘d+’ rating.
  • 03/31/2022 – Heritage Insurance is now covered by StockNews.com analysts. They set a “buy” rating on the stock.

Shares of HRTG traded up $0.25 at midday on Tuesday, hitting $3.44. The company’s stock had a trading volume of 12,861 shares, compared to an average trading volume of 325,711 shares. The company has a debt ratio of 0.44, a quick ratio of 0.62 and a current ratio of 0.62. The company’s fifty-day simple moving average is $5.80 and its 200-day simple moving average is $6.05. The company has a market capitalization of $91.06 million, a PE ratio of -0.94 and a beta of 0.80. Heritage Insurance Holdings, Inc. has a 52-week low of $2.85 and a 52-week high of $9.20.

Heritage Insurance (NYSE:HRTG – Get Rating) last released its results on Thursday, May 5. The insurance provider reported ($1.15) earnings per share for the quarter, missing analyst consensus estimates of $0.13 per ($1.28). Heritage Insurance had a negative net margin of 15.61% and a negative return on equity of 10.95%. During the same period of the previous year, the company posted an EPS of ($0.19). On average, stock analysts expect Heritage Insurance Holdings, Inc. to post -1.35 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 5. Shareholders of record on Tuesday, June 14 will receive a dividend of $0.06. The ex-dividend date is Monday, June 13. This represents an annualized dividend of $0.24 and a yield of 6.98%. Heritage Insurance’s dividend payout ratio (DPR) is currently -6.54%.

Hedge funds and other institutional investors have recently changed their positions in the stock. Acuitas Investments LLC increased its stake in Heritage Insurance by 76.0% during the first quarter. Acuitas Investments LLC now owns 830,310 shares of the insurance provider valued at $5,928,000 after buying an additional 358,603 shares last quarter. Marshall Wace LLP increased its stake in shares of Heritage Insurance by 202.0% in the fourth quarter. Marshall Wace LLP now owns 225,794 shares of the insurance provider worth $1,327,000 after purchasing an additional 151,029 shares in the last quarter. Renaissance Technologies LLC increased its position in Heritage Insurance shares by 47.5% in the fourth quarter. Renaissance Technologies LLC now owns 458,199 shares of the insurance provider valued at $2,694,000 after buying an additional 147,468 shares last quarter. Pacific Ridge Capital Partners LLC increased its stake in Heritage Insurance by 15.5% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 834,956 shares of the insurance provider valued at $4,910,000 after buying an additional 112,331 shares last quarter. Finally, Millennium Management LLC increased its stake in Heritage Insurance by 526.0% during the 3rd quarter. Millennium Management LLC now owns 116,789 shares of the insurance provider worth $795,000 after acquiring an additional 98,134 shares in the last quarter. Institutional investors hold 59.33% of the company’s shares.

Heritage Insurance Holdings, Inc., through its subsidiaries, offers personal and commercial home insurance products. The company offers personal residential property insurance for single family homeowners and condo owners, as well as rental property insurance in the states of Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; commercial residential insurance for properties in Florida, New Jersey and New York; and licensed in the State of Pennsylvania, as well as residential property and personal wind insurance.

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