Heritage Insurance (NYSE:HRTG) CFO Kirk Lusk Sells 8,331 Shares

Heritage Insurance Holdings, Inc. (NYSE:HRTG) CFO Kirk Lusk sold 8,331 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $28.21, for a total transaction of $235,017.51. Following the sale, the chief financial officer directly owned 550,425 shares of the company’s stock, valued at approximately $15,527,489.25. This represents a 1.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, November 5th, Kirk Lusk sold 19,929 shares of Heritage Insurance stock. The stock was sold at an average price of $24.18, for a total transaction of $481,883.22.
• 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 value of $1,704.00.
• On Friday, October 3rd, Kirk Lusk sold 6,803 shares of Heritage Insurance stock. The stock was sold at an average price of $24.16, for a total value 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 value of $326,889.69.
• On Friday, September 12th, Kirk Lusk sold 20,000 shares of Heritage Insurance stock. The stock was sold at an average price of $24.17, for a total value of $483,400.00.

Heritage Insurance Trading Up 0.8%

Shares of NYSE:HRTG traded up $0.22 during midday trading on Thursday, reaching $28.37. The company had a trading volume of 234,353 shares, compared to its average volume of 403,856. The company has a fifty day simple moving average of $26.23 and a two-hundred day simple moving average of $24.08. The firm has a market cap of $876.92 million, a price-to-earnings ratio of 5.87 and a beta of 0.96. Heritage Insurance Holdings, Inc. has a 1-year low of $9.89 and a 1-year high of $31.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.82 and a current ratio of 0.82.

Heritage Insurance (NYSE:HRTG) last posted its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $1.10. Heritage Insurance had a return on equity of 41.44% and a net margin of 17.72%.The firm had revenue of $212.46 million for the quarter, compared to the consensus estimate of $210.12 million. Research analysts predict that Heritage Insurance Holdings, Inc. will post 1.86 earnings per share for the current year.

Hedge Funds Weigh In On Heritage Insurance

A number of hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC boosted its position in Heritage Insurance by 8.6% during the first quarter. AQR Capital Management LLC now owns 509,080 shares of the insurance provider’s stock valued at $7,341,000 after purchasing an additional 40,220 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Heritage Insurance by 8.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 485,631 shares of the insurance provider’s stock worth $7,003,000 after purchasing an additional 37,763 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Heritage Insurance during the 1st quarter worth about $751,000. Nuveen LLC acquired a new stake in shares of Heritage Insurance during the 1st quarter valued at about $1,495,000. Finally, American Century Companies Inc. grew its stake in shares of Heritage Insurance by 14.7% in the 1st quarter. American Century Companies Inc. now owns 676,814 shares of the insurance provider’s stock valued at $9,760,000 after buying an additional 86,915 shares in the last quarter. 59.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wall Street Zen lowered shares of Heritage Insurance from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Weiss Ratings upgraded Heritage Insurance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, October 25th. Zacks Research upgraded Heritage Insurance from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Finally, Truist Financial upped their price target on Heritage Insurance from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $32.50.

About Heritage Insurance

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.