Heritage Insurance Holdings Inc (NYSE:HRTG) Director Steven C. Martindale purchased 1,109 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average price of $14.03 per share, for a total transaction of $15,559.27. Following the completion of the transaction, the director now owns 5,150 shares in the company, valued at $72,254.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NYSE:HRTG traded up $0.24 during midday trading on Thursday, hitting $14.73. The company had a trading volume of 96,074 shares, compared to its average volume of 139,997. Heritage Insurance Holdings Inc has a 12 month low of $12.85 and a 12 month high of $17.99. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $389.42 million, a P/E ratio of 10.67 and a beta of 1.02.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.63%. Heritage Insurance’s dividend payout ratio is currently 17.39%.

Several large investors have recently bought and sold shares of the company. Legal & General Group Plc boosted its position in shares of Heritage Insurance by 24.9% in the 4th quarter. Legal & General Group Plc now owns 3,908 shares of the insurance provider’s stock worth $57,000 after purchasing an additional 779 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Heritage Insurance by 0.7% in the 4th quarter. Victory Capital Management Inc. now owns 107,800 shares of the insurance provider’s stock worth $1,587,000 after purchasing an additional 800 shares during the last quarter. Northern Trust Corp boosted its position in shares of Heritage Insurance by 0.5% in the 4th quarter. Northern Trust Corp now owns 246,947 shares of the insurance provider’s stock worth $3,635,000 after purchasing an additional 1,345 shares during the last quarter. Quantamental Technologies LLC bought a new position in shares of Heritage Insurance in the 4th quarter worth $29,000. Finally, Nisa Investment Advisors LLC bought a new position in shares of Heritage Insurance in the 4th quarter worth $29,000. Institutional investors and hedge funds own 74.25% of the company’s stock.

HRTG has been the topic of a number of recent research reports. Zacks Investment Research upgraded Heritage Insurance from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. TheStreet upgraded Heritage Insurance from a “c+” rating to a “b” rating in a research report on Thursday, November 15th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $17.17.

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Heritage Insurance Company Profile

Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential property insurance for single-family homeowners and condominium owners; rental property insurance; and commercial residential insurance, as well as residential wind-only property insurance in Alabama, Connecticut, Florida, Georgia, Hawaii, Massachusetts, New York, New Jersey, North Carolina, Rhode Island, and South Carolina.

Further Reading: Price-Sales Ratio

Insider Buying and Selling by Quarter for Heritage Insurance (NYSE:HRTG)

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