Heritage Insurance Holdings Inc (HRTG) Director Steven C. Martindale Purchases 1,109 Shares
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%.
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.
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
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