In today’s recent session, 1.15 million shares of the Heritage Insurance Holdings Inc. (NYSE:HRTG) have been traded, and its beta is 0.97. Most recently the company’s share price was $9.05, and it changed around -$3.14 or -25.76% from the last close, which brings the market valuation of the company to $277.65M. HRTG at last check was trading at a discount to its 52-week high of $16.90, offering almost -86.74% off that amount. The share price’s 52-week low was $5.03, which indicates that the recent value has risen by an impressive 44.42% since then. We note from Heritage Insurance Holdings Inc.’s average daily trading volume that its 10-day average is 0.77 million shares, with the 3-month average coming to 506.27K.
Heritage Insurance Holdings Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended HRTG as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Heritage Insurance Holdings Inc. is expected to report earnings per share of 0.15 for the current quarter.
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Heritage Insurance Holdings Inc. (NYSE:HRTG) trade information
Instantly HRTG has been showing red trend so far today with a performance of -25.76% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 12.31 on recent trading dayincreased the stock’s daily price by 26.48%. The company’s shares are currently up 38.80% year-to-date, but still down -26.06% over the last five days. On the other hand, Heritage Insurance Holdings Inc. (NYSE:HRTG) is -41.95% down in the 30-day period. We can see from the shorts that 1.05 million shares have been sold at a short interest cover period of 1.88 day(s).
The consensus price target as assigned by Wall Street analysts is $12.5, which translates to bulls needing to increase their stock price by 27.6% from its current value. Analyst projections state that HRTG is forecast to be at a low of $12 and a high of $13.
Heritage Insurance Holdings Inc. (HRTG) estimates and forecasts
Heritage Insurance Holdings Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -13.06 percent over the past six months and at a 10.29% annual growth rate that is well below the industry average of 16.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 153.60% in revenue this quarter, and will report a decrease of -49.60% in the next quarter. The year-over-year growth rate is expected to be 11.20%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 209.91M in revenue for the current quarter. 2 analysts expect Heritage Insurance Holdings Inc. to make 212.93M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 176.11M and 186.97M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 19.20%. Forecasts for the next quarter put sales growth at 13.90%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 10.65%.
HRTG Dividends
Heritage Insurance Holdings Inc.’s next quarterly earnings report is expected to be released on 2024-Oct-31. The average dividend yield for the past five years averaged 3.46 per year.
Heritage Insurance Holdings Inc. (NYSE:HRTG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 26.84% of Heritage Insurance Holdings Inc. shares, and 49.37% of them are in the hands of institutional investors. The stock currently has a share float of 67.48%. Heritage Insurance Holdings Inc. stock is held by 142.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 5.8259% of the shares, which is about 1.77 million shares worth $12.53 million.
DIMENSIONAL FUND ADVISORS LP, with 4.6568% or 1.41 million shares worth $10.02 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
