Heritage Insurance (NYSE:HRTG - Get Free Report) is expected to be announcing its earnings results after the market closes on Tuesday, March 11th. Analysts expect the company to announce earnings of ($0.17) per share and revenue of $199.87 million for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.
Heritage Insurance Trading Down 0.6 %
Shares of NYSE HRTG traded down $0.07 during mid-day trading on Friday, hitting $11.40. 137,414 shares of the company traded hands, compared to its average volume of 164,080. The business has a 50 day moving average of $11.58 and a two-hundred day moving average of $12.41. The stock has a market capitalization of $349.80 million, a price-to-earnings ratio of 4.56 and a beta of 1.01. Heritage Insurance has a 1 year low of $6.14 and a 1 year high of $16.90. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.42.
Heritage Insurance declared that its board has approved a share repurchase program on Monday, December 9th that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the insurance provider to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Heritage Insurance from a "hold" rating to a "buy" rating in a report on Monday, November 25th.
Check Out Our Latest Stock Analysis on HRTG
About Heritage Insurance
(
Get Free Report)
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.
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