Press coverage about Heritage Insurance (NYSE:HRTG) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Heritage Insurance earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 47.6838072582842 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
HRTG has been the subject of several research reports. Zacks Investment Research raised Heritage Insurance from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Tuesday, November 28th. Keefe, Bruyette & Woods set a $22.00 price objective on Heritage Insurance and gave the stock a “buy” rating in a research note on Friday, March 9th. JMP Securities lowered Heritage Insurance from an “outperform” rating to a “market perform” rating and set a $16.00 price objective for the company. in a research note on Monday, January 22nd. ValuEngine raised Heritage Insurance from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. Finally, SunTrust Banks raised their price objective on Heritage Insurance to $26.00 and gave the stock a “buy” rating in a research note on Friday, March 9th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Heritage Insurance currently has a consensus rating of “Buy” and an average price target of $20.60.
HRTG stock traded down $0.10 on Wednesday, hitting $16.93. The stock had a trading volume of 3,792 shares, compared to its average volume of 221,529. The stock has a market capitalization of $460.02, a price-to-earnings ratio of -212.88 and a beta of 1.27. Heritage Insurance has a one year low of $8.85 and a one year high of $19.15. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.76.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.42%. Heritage Insurance’s payout ratio is currently -300.00%.
In other news, Director Nicholas George Pappas sold 2,850 shares of the stock in a transaction on Friday, December 29th. The stock was sold at an average price of $17.90, for a total value of $51,015.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 17.90% of the stock is owned by corporate insiders.
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Heritage Insurance Company Profile
Heritage Insurance Holdings, Inc (Heritage Insurance) is a property and casualty insurance holding company. The Company provides personal and commercial residential insurance. Through its subsidiary, Heritage Property & Casualty Insurance Company (Heritage P&C), it provides personal residential insurance for single-family homeowners and condominium owners, rental property insurance and commercial residential insurance in the state of Florida and North Carolina.
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