Media coverage about Heritage Insurance Holdings (NYSE:HRTG) has trended positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Heritage Insurance Holdings earned a news sentiment score of 0.25 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 45.8625693824884 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of equities analysts have recently commented on the stock. Citigroup Inc. raised their price objective on shares of Heritage Insurance Holdings from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. TheStreet lowered shares of Heritage Insurance Holdings from a “b” rating to a “c+” rating in a research report on Wednesday, November 1st. BidaskClub lowered shares of Heritage Insurance Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 3rd. SunTrust Banks, Inc. reiterated a “buy” rating and set a $18.00 target price on shares of Heritage Insurance Holdings in a research report on Wednesday, November 1st. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $17.00 price objective on shares of Heritage Insurance Holdings in a report on Thursday, September 21st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $18.00.
Heritage Insurance Holdings (HRTG) opened at $16.74 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.63. The stock has a market cap of $412.85, a price-to-earnings ratio of 1,692.00 and a beta of 1.44. Heritage Insurance Holdings has a 1 year low of $8.85 and a 1 year high of $17.31.
Heritage Insurance Holdings (NYSE:HRTG) last announced its earnings results on Wednesday, November 1st. The insurance provider reported ($0.34) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.23). Heritage Insurance Holdings had a net margin of 0.27% and a return on equity of 0.31%. The business had revenue of $101.77 million for the quarter, compared to the consensus estimate of $99.01 million. During the same quarter last year, the firm posted $0.37 EPS. The business’s quarterly revenue was down 6.9% on a year-over-year basis. equities research analysts predict that Heritage Insurance Holdings will post 0.73 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Thursday, November 16th. Heritage Insurance Holdings’s payout ratio is 2,402.40%.
In other news, President Richard A. Widdicombe purchased 16,500 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were bought at an average price of $11.32 per share, for a total transaction of $186,780.00. Following the purchase, the president now directly owns 775,612 shares in the company, valued at approximately $8,779,927.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders purchased 21,550 shares of company stock worth $243,389. 17.90% of the stock is currently owned by company insiders.
About Heritage Insurance Holdings
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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