Sandler O’Neill lowered shares of Heritage Insurance (NYSE:HRTG) from a buy rating to a hold rating in a report published on Tuesday, BenzingaRatingsTable reports. Sandler O’Neill currently has $17.00 price target on the insurance provider’s stock, down from their prior price target of $18.00.

HRTG has been the topic of a number of other reports. Zacks Investment Research cut ExlService from a hold rating to a sell rating in a research report on Wednesday, July 10th. JMP Securities upgraded Heritage Insurance from a market perform rating to an outperform rating and set a $19.00 target price on the stock in a research report on Tuesday, May 14th. Finally, ValuEngine cut Viewray from a buy rating to a hold rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Heritage Insurance currently has a consensus rating of Hold and an average target price of $17.38.

Shares of HRTG opened at $14.04 on Tuesday. The stock’s 50-day moving average is $15.42. The firm has a market cap of $458.90 million, a P/E ratio of 10.17 and a beta of 0.78. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.72 and a quick ratio of 0.72. Heritage Insurance has a fifty-two week low of $12.85 and a fifty-two week high of $17.90.

Heritage Insurance (NYSE:HRTG) last announced its quarterly earnings results on Monday, May 6th. The insurance provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.16. The company had revenue of $118.26 million for the quarter, compared to the consensus estimate of $117.24 million. Heritage Insurance had a return on equity of 6.70% and a net margin of 3.97%. As a group, analysts predict that Heritage Insurance will post 1.37 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date was Thursday, June 13th. Heritage Insurance’s dividend payout ratio (DPR) is presently 17.39%.

In other Heritage Insurance news, CFO Kirk Lusk bought 5,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were purchased at an average cost of $14.33 per share, for a total transaction of $71,650.00. Following the transaction, the chief financial officer now directly owns 128,331 shares of the company’s stock, valued at $1,838,983.23. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 12.00% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc boosted its holdings in 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 buying an additional 779 shares during the last quarter. Northern Trust Corp boosted its holdings in 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 buying an additional 1,345 shares during the last quarter. Kirr Marbach & Co. LLC IN boosted its holdings in Heritage Insurance by 0.7% in the 1st quarter. Kirr Marbach & Co. LLC IN now owns 253,267 shares of the insurance provider’s stock worth $3,698,000 after buying an additional 1,643 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Heritage Insurance in the 4th quarter worth about $36,000. Finally, United Services Automobile Association boosted its holdings in Heritage Insurance by 20.6% in the 4th quarter. United Services Automobile Association now owns 15,448 shares of the insurance provider’s stock worth $227,000 after buying an additional 2,634 shares during the last quarter. Institutional investors own 64.28% of the company’s stock.

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 in Alabama, Connecticut, Florida, Georgia, Hawaii, Massachusetts, New York, New Jersey, North Carolina, Rhode Island, and South Carolina, as well as residential wind-only property insurance.

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