Heritage Insurance (NYSE:HRTG) CFO Kirk Lusk Sells 8,331 Shares

Heritage Insurance Holdings, Inc. (NYSE:HRTG) CFO Kirk Lusk sold 8,331 shares of Heritage Insurance stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $28.21, for a total value of $235,017.51. Following the completion of the transaction, the chief financial officer owned 550,425 shares of the company’s stock, valued at $15,527,489.25. This trade represents a 1.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, November 5th, Kirk Lusk sold 19,929 shares of Heritage Insurance stock. The shares were sold at an average price of $24.18, for a total value of $481,883.22.
• On Tuesday, November 4th, Kirk Lusk sold 71 shares of Heritage Insurance stock. The stock was sold at an average price of $24.00, for a total value of $1,704.00.
• On Friday, October 3rd, Kirk Lusk sold 6,803 shares of Heritage Insurance stock. The stock was sold at an average price of $24.16, for a total value of $164,360.48.
• On Wednesday, October 1st, Kirk Lusk sold 13,197 shares of Heritage Insurance stock. The shares were sold at an average price of $24.77, for a total value of $326,889.69.
• 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 Stock Performance

HRTG stock traded up $0.22 during trading on Thursday, hitting $28.37. 234,353 shares of the company’s stock traded hands, compared to its average volume of 403,856. The stock has a market capitalization of $876.92 million, a price-to-earnings ratio of 5.87 and a beta of 0.96. Heritage Insurance Holdings, Inc. has a 52 week low of $9.89 and a 52 week high of $31.98. The stock has a fifty day moving average price of $26.23 and a two-hundred day moving average price of $24.08. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.18.

Heritage Insurance (NYSE:HRTG) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $1.63 EPS for the quarter, beating the consensus estimate of $0.53 by $1.10. The business had revenue of $212.46 million during the quarter, compared to analyst estimates of $210.12 million. Heritage Insurance had a net margin of 17.72% and a return on equity of 41.44%. As a group, equities analysts anticipate that Heritage Insurance Holdings, Inc. will post 1.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Heritage Insurance

Several institutional investors have recently bought and sold shares of HRTG. AQR Capital Management LLC boosted its holdings in shares of Heritage Insurance by 8.6% in the first quarter. AQR Capital Management LLC now owns 509,080 shares of the insurance provider’s stock valued at $7,341,000 after acquiring an additional 40,220 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Heritage Insurance by 8.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 485,631 shares of the insurance provider’s stock worth $7,003,000 after purchasing an additional 37,763 shares during the period. Cubist Systematic Strategies LLC bought a new position in Heritage Insurance during the 1st quarter valued at $751,000. Nuveen LLC bought a new position in Heritage Insurance during the 1st quarter valued at $1,495,000. Finally, American Century Companies Inc. increased its position in shares of Heritage Insurance by 14.7% during the 1st quarter. American Century Companies Inc. now owns 676,814 shares of the insurance provider’s stock valued at $9,760,000 after purchasing an additional 86,915 shares during the period. Institutional investors and hedge funds own 59.03% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on HRTG. Zacks Research raised Heritage Insurance from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Wall Street Zen lowered Heritage Insurance from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Truist Financial increased their target price on Heritage Insurance from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Weiss Ratings upgraded Heritage Insurance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat.com, Heritage Insurance has an average rating of “Buy” and an average target price of $32.50.

Heritage Insurance Company Profile

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.