News stories about Heritage Insurance (NYSE:HRTG) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Heritage Insurance earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news headlines about the insurance provider an impact score of 47.6838072582842 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
NYSE HRTG traded down $0.30 on Thursday, reaching $16.05. 347,745 shares of the company’s stock traded hands, compared to its average volume of 229,462. The company has a market capitalization of $403.18, a PE ratio of 10.47 and a beta of 1.32. Heritage Insurance has a fifty-two week low of $8.85 and a fifty-two week 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.
Heritage Insurance (NYSE:HRTG) last posted its earnings results on Wednesday, March 7th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.83. The company had revenue of $108.62 million during the quarter, compared to the consensus estimate of $101.35 million. Heritage Insurance had a negative net margin of 0.28% and a positive return on equity of 9.72%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.09) earnings per share. research analysts expect that Heritage Insurance will post 2.6 earnings per share for the current year.
Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Heritage Insurance from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Keefe, Bruyette & Woods set a $22.00 price objective on shares of Heritage Insurance and gave the stock a “buy” rating in a research note on Friday, March 9th. ValuEngine upgraded shares of Heritage Insurance from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. SunTrust Banks boosted their target price on shares of Heritage Insurance to $26.00 and gave the company a “buy” rating in a research report on Friday, March 9th. Finally, JMP Securities downgraded shares of Heritage Insurance from an “outperform” rating to a “market perform” rating and set a $16.00 target price for the company. in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $20.60.
In other news, CEO Bruce Lucas acquired 6,200 shares of the business’s stock in a transaction on Friday, March 23rd. The stock was bought at an average price of $16.06 per share, with a total value of $99,572.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 16.10% of the stock is currently owned by 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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