Heritage Insurance (HRTG) Scheduled to Post Quarterly Earnings on Wednesday

Heritage Insurance (NYSE:HRTG - Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Heritage Insurance to post earnings of ($0.08) per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Heritage Insurance (NYSE:HRTG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.23. The business had revenue of $203.57 million for the quarter, compared to analysts' expectations of $196.81 million. Heritage Insurance had a return on equity of 26.27% and a net margin of 7.37%. During the same period in the prior year, the firm earned $0.32 EPS. On average, analysts expect Heritage Insurance to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Heritage Insurance Stock Performance

HRTG traded up $0.25 during trading on Wednesday, reaching $10.75. 291,401 shares of the company were exchanged, compared to its average volume of 471,531. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. The stock has a market cap of $329.34 million, a P/E ratio of 6.40 and a beta of 0.95. Heritage Insurance has a 52 week low of $5.51 and a 52 week high of $16.90. The firm has a 50 day moving average of $13.53 and a 200 day moving average of $10.28.

Insider Buying and Selling at Heritage Insurance

In related news, Chairman Richard A. Widdicombe acquired 4,437 shares of the firm's stock in a transaction dated Friday, August 16th. The stock was acquired at an average cost of $14.55 per share, for a total transaction of $64,558.35. Following the completion of the acquisition, the chairman now directly owns 696,497 shares of the company's stock, valued at approximately $10,134,031.35. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Chairman Richard A. Widdicombe acquired 4,437 shares of the company's stock in a transaction dated Friday, August 16th. The shares were bought at an average price of $14.55 per share, with a total value of $64,558.35. Following the purchase, the chairman now owns 696,497 shares of the company's stock, valued at approximately $10,134,031.35. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ernie J. Garateix bought 5,000 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average cost of $8.59 per share, with a total value of $42,950.00. Following the purchase, the chief executive officer now directly owns 1,072,584 shares of the company's stock, valued at approximately $9,213,496.56. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 14.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HRTG has been the topic of a number of analyst reports. StockNews.com cut shares of Heritage Insurance from a "strong-buy" rating to a "buy" rating in a report on Friday, October 18th. Piper Sandler raised Heritage Insurance from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $9.00 to $13.00 in a report on Friday, August 9th. Finally, Truist Financial increased their price objective on Heritage Insurance from $11.00 to $12.00 and gave the stock a "buy" rating in a report on Thursday, August 8th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Heritage Insurance currently has an average rating of "Moderate Buy" and an average price target of $10.67.

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.