Media headlines about Heritage Insurance Holdings (NYSE:HRTG) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Heritage Insurance Holdings earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 45.8130721609954 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Heritage Insurance Holdings (NYSE HRTG) traded up 2.52% during mid-day trading on Thursday, hitting $15.08. The company’s stock had a trading volume of 696,850 shares. Heritage Insurance Holdings has a 12-month low of $8.85 and a 12-month high of $16.48. The stock has a 50-day moving average of $12.33 and a 200-day moving average of $12.40. The company has a market cap of $447.88 million, a PE ratio of 21.27 and a beta of 1.36.
Heritage Insurance Holdings (NYSE:HRTG) last released its quarterly earnings results on Tuesday, August 8th. The insurance provider reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. Heritage Insurance Holdings had a return on equity of 5.67% and a net margin of 5.07%. The company had revenue of $96.90 million during the quarter, compared to analysts’ expectations of $100.17 million. During the same period in the previous year, the firm posted $0.62 earnings per share. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. On average, equities research analysts forecast that Heritage Insurance Holdings will post $0.71 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 15th were issued a $0.06 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.59%. Heritage Insurance Holdings’s dividend payout ratio (DPR) is 33.33%.
A number of analysts have issued reports on the company. BidaskClub raised Heritage Insurance Holdings from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. TheStreet downgraded Heritage Insurance Holdings from a “b-” rating to a “c” rating in a research note on Friday, August 4th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $18.00 target price on shares of Heritage Insurance Holdings in a research note on Tuesday, September 26th. Zacks Investment Research raised Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $17.00 target price on shares of Heritage Insurance Holdings in a research note on Thursday, September 21st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $17.00.
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In other Heritage Insurance Holdings news, President Richard A. Widdicombe bought 25,800 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $11.53 per share, for a total transaction of $297,474.00. Following the completion of the purchase, the president now owns 759,112 shares of the company’s stock, valued at approximately $8,752,561.36. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Richard A. Widdicombe bought 16,500 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average price of $11.32 per share, with a total value of $186,780.00. Following the completion of the purchase, the president now directly owns 775,612 shares of the company’s stock, valued at approximately $8,779,927.84. The disclosure for this purchase can be found here. Over the last three months, insiders bought 91,350 shares of company stock valued at $1,051,923. Insiders own 16.10% of the company’s stock.
Heritage Insurance Holdings 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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