Heritage Insurance (NYSE:HRTG) released its earnings results on Thursday. The insurance provider reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.14, Fidelity Earnings reports. Heritage Insurance had a net margin of 3.97% and a return on equity of 6.44%. The business had revenue of $131.70 million during the quarter, compared to analysts’ expectations of $120.96 million.
NYSE HRTG traded up $2.05 during trading hours on Friday, hitting $15.37. 506,919 shares of the company’s stock traded hands, compared to its average volume of 102,641. Heritage Insurance has a 52-week low of $12.88 and a 52-week high of $16.95. The company has a market capitalization of $397.67 million, a PE ratio of 11.14 and a beta of 0.71. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.77 and a quick ratio of 0.77. The firm’s 50-day moving average is $14.30 and its 200-day moving average is $14.53.
Several brokerages recently issued reports on HRTG. ValuEngine raised shares of Heritage Insurance from a “hold” rating to a “buy” rating in a research note on Friday. TheStreet cut shares of Heritage Insurance from a “b” rating to a “c+” rating in a research note on Friday, August 2nd. Zacks Investment Research cut shares of Heritage Insurance from a “hold” rating to a “sell” rating in a research note on Saturday, October 26th. Finally, Sandler O’Neill cut shares of Heritage Insurance from a “buy” rating to a “hold” rating and dropped their price objective for the company from $18.00 to $17.00 in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $17.67.
Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential property insurance for single-family homeowners and condominium owners; rental property insurance; and commercial residential insurance in Alabama, Connecticut, Florida, Georgia, Hawaii, Massachusetts, New York, New Jersey, North Carolina, Rhode Island, and South Carolina, as well as residential wind-only property insurance.
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