Heritage Insurance (NYSE:HRTG) had its price target raised by SunTrust Banks to $26.00 in a research note released on Friday, The Fly reports. They currently have a buy rating on the insurance provider’s stock. SunTrust Banks also issued estimates for Heritage Insurance’s Q2 2018 earnings at $0.68 EPS, Q3 2018 earnings at $0.77 EPS, Q4 2018 earnings at $0.78 EPS, Q2 2019 earnings at $0.77 EPS, Q3 2019 earnings at $0.83 EPS and Q4 2019 earnings at $0.85 EPS.
A number of other analysts also recently issued reports on the company. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $21.00 price target on shares of Heritage Insurance in a report on Friday, December 22nd. Zacks Investment Research raised Heritage Insurance from a hold rating to a buy rating and set a $20.00 price target for the company in a report on Tuesday, November 28th. JMP Securities cut Heritage Insurance from an outperform rating to a market perform rating and set a $16.00 target price on the stock. in a research report on Monday, January 22nd. Finally, ValuEngine upgraded Heritage Insurance from a hold rating to a buy rating in a research report on Friday. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $20.60.
Shares of Heritage Insurance (NYSE HRTG) opened at $17.47 on Friday. The stock has a market capitalization of $428.47, a PE ratio of -174.70 and a beta of 1.27. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.63. Heritage Insurance has a fifty-two week low of $8.85 and a fifty-two week high of $19.15.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 15th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Wednesday, March 14th. Heritage Insurance’s dividend payout ratio (DPR) is currently -240.00%.
In other news, Director Nicholas George Pappas sold 2,850 shares of Heritage Insurance stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $17.90, for a total transaction of $51,015.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 17.90% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. ETRADE Capital Management LLC acquired a new position in Heritage Insurance in the 4th quarter valued at about $189,000. MetLife Investment Advisors LLC acquired a new position in Heritage Insurance in the 4th quarter valued at about $212,000. Ellington Management Group LLC acquired a new position in Heritage Insurance in the 4th quarter valued at about $218,000. Voya Investment Management LLC increased its position in Heritage Insurance by 16.9% in the 2nd quarter. Voya Investment Management LLC now owns 15,066 shares of the insurance provider’s stock valued at $196,000 after acquiring an additional 2,181 shares during the period. Finally, Unison Advisors LLC acquired a new position in Heritage Insurance in the 4th quarter valued at about $311,000. Institutional investors and hedge funds own 82.85% of the company’s stock.
About Heritage Insurance
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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