Heritage Insurance (NYSE:HRTG) CFO Kirk Lusk Sells 19,929 Shares of Stock

Heritage Insurance Holdings, Inc. (NYSE:HRTG) CFO Kirk Lusk sold 19,929 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $24.18, for a total transaction of $481,883.22. Following the completion of the sale, the chief financial officer owned 558,756 shares of the company’s stock, valued at $13,510,720.08. The trade was a 3.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Kirk Lusk also recently made the following trade(s):

• On Tuesday, November 4th, Kirk Lusk sold 71 shares of Heritage Insurance stock. The shares were sold at an average price of $24.00, for a total transaction of $1,704.00.
• On Friday, October 3rd, Kirk Lusk sold 6,803 shares of Heritage Insurance stock. The shares were sold at an average price of $24.16, for a total transaction of $164,360.48.
• On Wednesday, October 1st, Kirk Lusk sold 13,197 shares of Heritage Insurance stock. The stock was sold at an average price of $24.77, for a total transaction of $326,889.69.
• On Friday, September 12th, Kirk Lusk sold 20,000 shares of Heritage Insurance stock. The shares were sold at an average price of $24.17, for a total value of $483,400.00.

Heritage Insurance Stock Up 12.4%

NYSE HRTG opened at $27.82 on Friday. The stock has a market capitalization of $862.98 million, a P/E ratio of 5.76 and a beta of 0.95. Heritage Insurance Holdings, Inc. has a 52 week low of $9.89 and a 52 week high of $29.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a fifty day moving average of $24.48 and a 200-day moving average of $23.05.

Heritage Insurance (NYSE:HRTG) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $1.10. The business had revenue of $212.46 million for the quarter, compared to analyst estimates of $210.12 million. Heritage Insurance had a return on equity of 44.62% and a net margin of 17.72%. On average, equities research analysts forecast that Heritage Insurance Holdings, Inc. will post 1.86 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. USA Financial Formulas bought a new stake in shares of Heritage Insurance during the second quarter worth $25,000. Financial Management Professionals Inc. acquired a new position in Heritage Insurance in the 3rd quarter worth $26,000. Nisa Investment Advisors LLC increased its holdings in Heritage Insurance by 2,413.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,106 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 1,062 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Heritage Insurance during the 3rd quarter worth about $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Heritage Insurance in the 3rd quarter valued at about $66,000. Institutional investors and hedge funds own 59.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on HRTG shares. Weiss Ratings upgraded shares of Heritage Insurance from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. Zacks Research cut shares of Heritage Insurance from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Wall Street Zen cut shares of Heritage Insurance from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Truist Financial increased their price target on shares of Heritage Insurance from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Heritage Insurance has a consensus rating of “Moderate Buy” and a consensus target price of $32.50.

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.