Heritage Insurance Holdings Inc. [HRTG] stock is trading at $10.99, up 3.19%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HRTG shares have gain 6.29% over the last week, with a monthly amount glided 57.90%, and seem to be holding up well over a long-time horizon.
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On 20, March 2024, Heritage Insurance Holdings Announces Share Repurchase Program. In a post published today on Yahoo Finance, Heritage Insurance Holdings, Inc. (NYSE: HRTG) (“Heritage” or the “Company”), a super-regional property and casualty insurance holding company, announced today that its Board of Directors authorized a new share repurchase plan of $10.0 million (the “New Share Repurchase Plan”) commencing upon the December 31, 2023 expiration of the prior $10.0 million share repurchase program (the “Prior Share Repurchase Plan”).
From an analyst’s perspective:
Heritage Insurance Holdings Inc. [NYSE: HRTG] stock has seen the most recent analyst activity on March 13, 2024, when JMP Securities downgraded its rating to a Mkt Perform. Previously, Piper Sandler downgraded its rating to Neutral on February 13, 2023, and dropped its price target to $2.20. On April 06, 2020, upgrade upgraded it’s rating to Overweight and revised its price target to $15 on the stock. Keefe Bruyette downgraded its rating to a Mkt Perform. Sandler O’Neill downgraded its rating to a Hold and reduced its price target to $17 on July 16, 2019. JMP Securities downgraded its rating to Mkt Perform for this stock on January 22, 2018. In a note dated September 23, 2016, Sandler O’Neill upgraded an Buy rating on this stock.
Heritage Insurance Holdings Inc. [HRTG] stock has fluctuated between $2.85 and $11.07 over the past year. Heritage Insurance Holdings Inc. [NYSE: HRTG] shares were valued at $10.99 at the most recent close of the market.
Analyzing the HRTG fundamentals
Heritage Insurance Holdings Inc. [NYSE:HRTG] reported sales of 737.74M for the trailing twelve months, which represents a growth of 8.37%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.26 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.57.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.68 points at the first support level, and at 10.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.26, and for the 2nd resistance point, it is at 11.54.
Heritage Insurance Holdings Inc. [HRTG] reported earnings per share of $1.15 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.46/share, meaning a difference of $0.69 and a surprise factor of 150.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.28 per share as compared to estimates of -$0.21 per share, a difference of -$0.07 representing a surprise of -33.30%.
Ratios To Look Out For
For context, Heritage Insurance Holdings Inc.’s Current Ratio is 1.15. Considering the valuation of this stock, the price to sales ratio is 0.45, the price to book ratio is 1.51 and price to earnings (TTM) ratio is 6.38.
Transactions by insiders
Recent insider trading involved WHITING PAUL L, Director, that happened on Mar 14 ’24 when 20000.0 shares were purchased. 10% Owner, Hyer Raymond T completed a deal on Dec 19 ’23 to buy 0.15 million shares. Meanwhile, Director WHITING PAUL L bought 40871.0 shares on Dec 14 ’23.
