Heritage Insurance Holdings Insider Trading and Stock Performance Report

Timothy Moura, a key figure at Heritage Insurance Holdings, Inc., sold 25,721 shares at $25.79 each, accumulating a total of $663,344.59 from the sale. Despite this transaction, which marks a 12.22% reduction in his stake, Moura still holds 184,814 shares valued at approximately $4,766,353.06. The sale was executed under a Rule 10b5-1 trading plan and detailed in a Securities & Exchange Commission filing.

Heritage Insurance's stock experienced a slight uptick, trading at $26.21 with a volume of 394,252 shares, exceeding its average. The insurer boasts a market cap of $805.23 million and a price-to-earnings ratio of 4.15. It maintains a current ratio of 0.83 and a debt-to-equity ratio of 0.16. Within the last year, the stock has varied between $13.27 and $31.98.

The firm reported robust quarterly earnings, with $2.15 earnings per share, surpassing forecasts of $1.61. Heritage Insurance achieved a net margin of 23.08% and a return on equity of 47.28%, with a revenue report of $215.32 million against a projected $212.60 million. Analysts forecast an EPS of 1.86 for the current fiscal year.

Several analyst firms have updated their stances on Heritage Insurance. Citigroup reaffirmed a "market perform" rating, while Zacks Research upgraded the company to a "strong-buy." Truist Financial increased its price target from $37.00 to $39.00, maintaining a "buy" rating. Weiss Ratings also issued a "buy" stance, and MarketBeat.com cites a consensus "Buy" rating with an average target price of $33.50.

Institutional investors have adjusted their holdings in Heritage Insurance. Marshall Wace LLP upped its stake by 58.9%, Assenagon Asset Management S.A. by 223.9%, Vanguard Group Inc. by 14.2%, Arrowstreet Capital Limited Partnership by 69.6%, and JPMorgan Chase & Co. by a significant 1,078.7%. Currently, institutional and hedge funds account for 59.03% ownership in the company's stock.

Founded in 2011 and headquartered in Jupiter, Florida, Heritage Insurance specializes in property and casualty insurance, primarily offering homeowners coverage. The carrier focuses on regions vulnerable to severe weather, distributing its insurance products through a network of independent agents.