Media stories about Heritage Insurance Holdings (NYSE:HRTG) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Heritage Insurance Holdings earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 45.6904291080743 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Heritage Insurance Holdings, Inc. – Value Analysis (NYSE:HRTG) : September 15, 2017 (finance.yahoo.com)
- Heritage Insurance Holdings, Inc. (HRTG) Upgraded to Hold by BidaskClub (americanbankingnews.com)
- Heritage Insurance Holdings, Inc. breached its 50 day moving average in a Bullish Manner : HRTG-US : September 13, 2017 (finance.yahoo.com)
- When Irma turned west 'you could hear a sigh of relief,' Florida insurer says (finance.yahoo.com)
- Heritage Stock Skyrockets as Hurricane Irma Damages Fall Short of Expectations (finance.yahoo.com)
Several brokerages have recently issued reports on HRTG. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $17.00 target price on shares of Heritage Insurance Holdings in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. TheStreet upgraded shares of Heritage Insurance Holdings from a “c” rating to a “b-” rating in a research report on Monday, June 26th. Finally, BidaskClub upgraded shares of Heritage Insurance Holdings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Heritage Insurance Holdings presently has an average rating of “Buy” and an average price target of $16.33.
Shares of Heritage Insurance Holdings (HRTG) traded down 2.49% during mid-day trading on Monday, hitting $12.55. 417,565 shares of the stock traded hands. The firm’s 50 day moving average price is $11.68 and its 200 day moving average price is $12.48. Heritage Insurance Holdings has a 12-month low of $8.85 and a 12-month high of $16.48. The firm has a market cap of $372.74 million, a price-to-earnings ratio of 17.70 and a beta of 1.30.
Heritage Insurance Holdings (NYSE:HRTG) last issued its quarterly earnings data on Tuesday, August 8th. The insurance provider reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. The firm had revenue of $96.90 million for the quarter, compared to analysts’ expectations of $100.17 million. Heritage Insurance Holdings had a net margin of 5.07% and a return on equity of 5.67%. The firm’s revenue was down 15.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.62 EPS. On average, equities research analysts predict that Heritage Insurance Holdings will post $1.04 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a $0.06 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.91%. Heritage Insurance Holdings’s payout ratio is 33.33%.
In other news, CEO Bruce Lucas purchased 22,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $11.58 per share, with a total value of $254,760.00. Following the purchase, the chief executive officer now directly owns 869,595 shares of the company’s stock, valued at $10,069,910.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Irini Barlas purchased 10,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $11.61 per share, for a total transaction of $116,100.00. Following the completion of the purchase, the director now directly owns 14,200 shares in the company, valued at $164,862. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 91,350 shares of company stock worth $1,051,923. 16.10% of the stock is owned by corporate insiders.
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Heritage Insurance Holdings 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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