Heritage Insurance (NYSE:HRTG) CEO Sells $201,016.08 in Stock

by · The Cerbat Gem

Heritage Insurance Holdings, Inc. (NYSE:HRTG – Get Free Report) CEO Ernie Garateix sold 8,334 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $24.12, for a total transaction of $201,016.08. Following the transaction, the chief executive officer directly owned 1,120,170 shares of the company’s stock, valued at $27,018,500.40. This represents a 0.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Heritage Insurance Stock Performance

HRTG stock traded up $4.27 during trading on Tuesday, reaching $27.73. 703,092 shares of the stock were exchanged, compared to its average volume of 322,108. Heritage Insurance Holdings, Inc. has a twelve month low of $9.89 and a twelve month high of $31.98. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $857.10 million, a P/E ratio of 5.74 and a beta of 0.96. The stock has a 50 day simple moving average of $26.72 and a 200-day simple moving average of $25.86.

Analyst Upgrades and Downgrades

HRTG has been the subject of a number of recent research reports. Zacks Research lowered Heritage Insurance from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings restated a “buy (b)” rating on shares of Heritage Insurance in a research note on Monday, December 29th. Finally, Truist Financial raised their price objective on shares of Heritage Insurance from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.50.

Read Our Latest Stock Report on Heritage Insurance

Institutional Trading of Heritage Insurance

A number of large investors have recently bought and sold shares of the stock. Mcguire Capital Advisors Inc. bought a new position in shares of Heritage Insurance in the fourth quarter valued at approximately $31,000. Invesco Ltd. increased its holdings in Heritage Insurance by 49.7% during the 4th quarter. Invesco Ltd. now owns 77,421 shares of the insurance provider’s stock valued at $2,265,000 after purchasing an additional 25,711 shares in the last quarter. EP Wealth Advisors LLC bought a new position in Heritage Insurance in the 4th quarter valued at $230,000. Empowered Funds LLC boosted its stake in Heritage Insurance by 6.3% in the fourth quarter. Empowered Funds LLC now owns 152,254 shares of the insurance provider’s stock worth $4,455,000 after purchasing an additional 9,090 shares in the last quarter. Finally, XTX Topco Ltd boosted its stake in Heritage Insurance by 15.0% in the fourth quarter. XTX Topco Ltd now owns 22,872 shares of the insurance provider’s stock worth $669,000 after purchasing an additional 2,978 shares in the last quarter. 59.03% of the stock is currently owned by institutional investors.

About Heritage Insurance

(Get Free Report)

Heritage Insurance Holdings, Inc (NYSE: HRTG) is a property and casualty insurance holding company that offers homeowners insurance and related coverage products in the United States. Through its primary subsidiary, Heritage Property & Casualty Insurance Company, the firm underwrites standard and non-standard personal lines insurance, including homeowners, dwelling fire, flood, and condominium policies. Heritage leverages a network of independent insurance agents to distribute its products across select regional markets, with an emphasis on serving property owners in areas prone to severe weather events.

Founded in 2011 and headquartered in Jupiter, Florida, Heritage Insurance has grown to become one of the leading providers of residential property insurance in the state.

See Also