Heritage Insurance (NYSE:HRTG) Given New $44.00 Price Target at Truist Financial

Heritage Insurance (NYSE:HRTG) had its price target upped by Truist Financial from $42.00 to $44.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the insurance provider’s stock.

A number of other equities research analysts have also issued reports on HRTG. Raymond James Financial began coverage on shares of Heritage Insurance in a research note on Friday, October 16th. They set a “market perform” rating for the company. Piper Sandler upped their price target on shares of Heritage Insurance from $27.00 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Zacks Research lowered Heritage Insurance from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. Wall Street Zen raised Heritage Insurance from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 17th. Finally, Weiss Ratings upgraded Heritage Insurance from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Heritage Insurance Price Performance

NYSE HRTG opened at $35.63 on Friday. The company has a 50 day simple moving average of $34.80 and a 200-day simple moving average of $28.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 5.08 and a beta of 0.92. Heritage Insurance has a 52-week low of $20.48 and a 52-week high of $37.87.

Heritage Insurance (NYSE:HRTG) last posted its quarterly earnings results on Wednesday, October 28th. The insurance provider reported $1.72 EPS for the quarter, topping the consensus estimate of $0.93 by $0.79. Heritage Insurance had a net margin of 25.07% and a return on equity of 40.67%. The business had revenue of $219.24 million during the quarter, compared to analysts’ expectations of $217.34 million. Equities research analysts predict that Heritage Insurance will post 5.33 earnings per share for the current fiscal year.

Insider Activity

In other Heritage Insurance news, insider Timothy Johns sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $33.68, for a total transaction of $117,880.00. Following the transaction, the insider directly owned 25,438 shares in the company, valued at $856,751.84. This trade represents a 12.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Sharon Binnun sold 9,200 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $33.91, for a total value of $311,972.00. Following the transaction, the chief accounting officer owned 87,188 shares in the company, valued at approximately $2,956,545.08. This trade represents a 9.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 80,569 shares of company stock valued at $2,703,920. Corporate insiders own 9.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HRTG. BlackRock Inc. bought a new stake in Heritage Insurance during the 2nd quarter valued at approximately $60,842,000. Dimensional Fund Advisors LP increased its position in Heritage Insurance by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,246,923 shares of the insurance provider’s stock worth $32,732,000 after buying an additional 36,879 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Heritage Insurance in the 2nd quarter worth approximately $14,437,000. Assenagon Asset Management S.A. lifted its holdings in shares of Heritage Insurance by 7.4% during the third quarter. Assenagon Asset Management S.A. now owns 282,917 shares of the insurance provider’s stock worth $9,379,000 after buying an additional 19,596 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of Heritage Insurance during the second quarter worth approximately $6,070,000. 59.03% of the stock is owned by institutional investors.

Trending Headlines about Heritage Insurance

Here are the key news stories impacting Heritage Insurance this week:

• Positive Sentiment: Truist raised its price target to $44 from $42 and reiterated a Buy rating, implying approximately 23.5% upside from the referenced share price. The target increase signals continued confidence in Heritage’s earnings potential and valuation. Truist Adjusts Price Target on Heritage Insurance to $44 From $42, Maintains Buy Rating
• Positive Sentiment: One analysis argues that HRTG still appears undervalued even after its roughly 4.6-fold run-up. This supports the bullish case that the shares may have further upside if Heritage sustains its profitability and operating improvements. Heritage Insurance Holdings Stock Still Looks Undervalued After Its 4.6x Run
• Neutral Sentiment: Heritage reported third-quarter and nine-month results through September 30, 2026, followed by an earnings call with management. Investors are using the results and management commentary to assess claims trends, profitability, capital needs and the sustainability of recent gains. Heritage Insurance Reports Third-Quarter and Nine-Month Earnings Results Heritage Insurance Q3 2026 Earnings Call Transcript
• Negative Sentiment: Coverage describing a “Q3 earnings reality check” suggests the market is scrutinizing whether Heritage’s reported performance and outlook justify its elevated share price after the major rally. Any disappointment in earnings quality, guidance or insurance results could pressure the stock despite the positive Truist target revision. Heritage Insurance Stock Faces Q3 Earnings Reality Check

About Heritage Insurance

Heritage Insurance Holdings, Inc (NYSE:HRTG) is a property and casualty insurance company focused primarily on residential insurance. Through its insurance subsidiaries, the company provides coverage for homeowners, condominium owners, renters and other residential property owners, including protection against risks such as wind, fire and other covered losses.

Heritage distributes its products through independent agents and other insurance distribution channels. Its business has historically been concentrated in catastrophe-exposed coastal markets, particularly Florida, and has also included operations in additional states across the southeastern United States.