Kirk Lusk Sells 13,197 Shares of Heritage Insurance (NYSE:HRTG) Stock

Heritage Insurance Holdings, Inc. (NYSE:HRTG) CFO Kirk Lusk sold 13,197 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $24.77, for a total transaction of $326,889.69. Following the completion of the transaction, the chief financial officer directly owned 585,559 shares in the company, valued at $14,504,296.43. This represents a 2.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kirk Lusk also recently made the following trade(s):

• On Friday, September 12th, Kirk Lusk sold 20,000 shares of Heritage Insurance stock. The stock was sold at an average price of $24.17, for a total transaction of $483,400.00.

Heritage Insurance Trading Up 5.3%

HRTG stock opened at $24.62 on Friday. The company has a market capitalization of $763.68 million, a PE ratio of 7.09 and a beta of 0.98. Heritage Insurance Holdings, Inc. has a 12 month low of $8.70 and a 12 month high of $29.10. The firm’s 50-day moving average is $23.04 and its 200 day moving average is $21.53. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.82 and a quick ratio of 0.82.

Heritage Insurance (NYSE:HRTG) last posted its quarterly earnings results on Tuesday, August 5th. The insurance provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.03 by $0.52. The company had revenue of $208.04 million for the quarter, compared to the consensus estimate of $212.12 million. Heritage Insurance had a net margin of 12.71% and a return on equity of 33.36%. On average, research analysts anticipate that Heritage Insurance Holdings, Inc. will post 1.86 EPS for the current year.

Institutional Trading of Heritage Insurance

A number of institutional investors have recently modified their holdings of HRTG. USA Financial Formulas bought a new stake in shares of Heritage Insurance in the 2nd quarter valued at about $25,000. Nisa Investment Advisors LLC boosted 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 buying an additional 1,062 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Heritage Insurance by 77.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,035 shares of the insurance provider’s stock valued at $76,000 after buying an additional 1,323 shares in the last quarter. AlphaQuest LLC boosted its holdings in shares of Heritage Insurance by 252.3% in the 2nd quarter. AlphaQuest LLC now owns 3,259 shares of the insurance provider’s stock valued at $81,000 after buying an additional 2,334 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Heritage Insurance in the 1st quarter valued at about $127,000. 59.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HRTG shares. Zacks Research raised shares of Heritage Insurance to a “strong-buy” rating in a research note on Monday, August 11th. Wall Street Zen downgraded shares of Heritage Insurance from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Truist Financial raised their target price on shares of Heritage Insurance from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Heritage Insurance in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $31.50.

About Heritage Insurance

Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential insurance in 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 personal residential and wind-only property insurance.