Heritage Insurance Holdings Inc. (NYSE:HRTG) has a beta value of 0.82 and has seen 0.4 million shares traded in the recent trading session. The company, currently valued at $321.11M, closed the recent trade at $10.48 per share which meant it gained $0.15 on the day or 1.45% during that session. The HRTG stock price is -7.16% off its 52-week high price of $11.23 and 59.16% above the 52-week low of $4.28. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.42 million shares traded. The 3-month trading volume is 403.67K shares.
Heritage Insurance Holdings Inc. (NYSE:HRTG) trade information
Sporting 1.45% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the HRTG stock price touched $10.48 or saw a rise of 8.71%. Year-to-date, Heritage Insurance Holdings Inc. shares have moved 60.74%, while the 5-day performance has seen it change 44.55%. Over the past 30 days, the shares of Heritage Insurance Holdings Inc. (NYSE:HRTG) have changed 50.14%. Short interest in the company has seen 1.1 million shares shorted with days to cover at 1.91.
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Wall Street analysts have a consensus price target for the stock at $12.5, which means that the shares’ value could jump 16.16% from the levels at last check today. The projected low price target is $12.0 while the price target rests at a high of $13.0. In that case, then, we find that the latest price level in today’s session is -24.05% off the targeted high while a plunge would see the stock gain -14.5% from the levels at last check today.
Heritage Insurance Holdings Inc. (HRTG) estimates and forecasts
Figures show that Heritage Insurance Holdings Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 80.38% over the past 6 months, with this year growth rate of 1.71%, compared to 14.80% for the industry. Revenue growth from the last financial year stood is estimated to be 11.20%.
2 analysts offering their estimates for the company have set an average revenue estimate of 209.91M for the current quarter. 2 have an estimated revenue figure of 212.93M for the next ending quarter. Year-ago sales stood 176.11M and 186.97M respectively for this quarter and the next, and analysts expect sales will grow by 19.20% for the current quarter and 11.20% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 10.65% over the past 5 years.
HRTG Dividends
Heritage Insurance Holdings Inc. is expected to release its next earnings report 2024-Aug-06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Heritage Insurance Holdings Inc. (NYSE:HRTG)’s Major holders
Insiders own 26.82% of the company shares, while shares held by institutions stand at 52.36% with a share float percentage of 71.56%. Investors are also buoyed by the number of investors in a company, with Heritage Insurance Holdings Inc. having a total of 122.0 institutions that hold shares in the company. The top two institutional holders are DRIEHAUS CAPITAL MANAGEMENT LLC with over 1.62 million shares worth more than $17.22 million. As of 2024-03-31, DRIEHAUS CAPITAL MANAGEMENT LLC held 6.0292% of shares outstanding.
The other major institutional holder is DIMENSIONAL FUND ADVISORS LP, with the holding of over 1.32 million shares as of 2024-03-31. The firm’s total holdings are worth over $14.03 million and represent 4.9124% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Mar 31, 2024, the former fund manager holds about 2.36% shares in the company for having 725.15 shares of worth $7.62 million while later fund manager owns 556.99 shares of worth $5.85 million as of Jun 30, 2024, which makes it owner of about 1.82% of company’s outstanding stock.
