Heritage Insurance (HRTG) Scheduled to Post Earnings on Tuesday

Heritage Insurance (NYSE:HRTG) is scheduled to be releasing its earnings data after the market closes on Tuesday, August 6th. Analysts expect Heritage Insurance to post earnings of $0.38 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Heritage Insurance (NYSE:HRTG) last posted its earnings results on Wednesday, May 1st. The insurance provider reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.14). Heritage Insurance had a net margin of 6.07% and a return on equity of 24.02%. The business had revenue of $191.30 million during the quarter, compared to analysts’ expectations of $189.05 million. During the same period last year, the business posted $0.55 earnings per share. On average, analysts expect Heritage Insurance to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Heritage Insurance Price Performance

Shares of HRTG stock traded up $0.18 on Tuesday, reaching $7.80. The company’s stock had a trading volume of 5,765 shares, compared to its average volume of 404,275. The stock’s fifty day simple moving average is $7.51 and its 200-day simple moving average is $7.91. Heritage Insurance has a 1 year low of $4.25 and a 1 year high of $11.23. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $238.99 million, a price-to-earnings ratio of 4.65 and a beta of 0.90.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. StockNews.com raised shares of Heritage Insurance from a “hold” rating to a “buy” rating in a report on Friday, May 10th. Piper Sandler reissued a “neutral” rating and issued a $9.00 target price on shares of Heritage Insurance in a report on Monday, April 1st. Finally, JMP Securities reissued a “market perform” rating on shares of Heritage Insurance in a report on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.00.

Insiders Place Their Bets

In other news, Director Paul L. Whiting acquired 50,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was bought at an average cost of $8.35 per share, with a total value of $417,500.00. Following the completion of the purchase, the director now directly owns 59,662 shares of the company’s stock, valued at $498,177.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Heritage Insurance news, Director Paul L. Whiting bought 50,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was acquired at an average cost of $8.35 per share, for a total transaction of $417,500.00. Following the completion of the transaction, the director now owns 59,662 shares in the company, valued at $498,177.70. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Paul L. Whiting bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average price of $7.74 per share, with a total value of $38,700.00. Following the completion of the transaction, the director now owns 64,662 shares of the company’s stock, valued at approximately $500,483.88. The disclosure for this purchase can be found here. Insiders bought 60,000 shares of company stock valued at $497,250 over the last three months. 14.00% of the stock is owned by company insiders.

Heritage Insurance Company Profile

Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential insurance in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; commercial residential insurance for properties in Florida, New Jersey, and New York; and licensed in the state of Pennsylvania, as well as personal residential and wind-only property insurance.