During the last session, Heritage Insurance Holdings Inc. (NYSE:HRTG)’s traded shares were 0.66 million, with the beta value of the company hitting 0.97. At the end of the trading day, the stock’s price was $10.63, reflecting an intraday gain of 0.85% or $0.09. The 52-week high for the HRTG share is $16.90, that puts it down -58.98 from that peak though still a striking 52.68% gain since the share price plummeted to a 52-week low of $5.03. The company’s market capitalization is $326.13M, and the average intraday trading volume over the past 10 days was 1.09 million shares, and the average trade volume was 563.07K shares over the past three months.
Heritage Insurance Holdings Inc. (NYSE:HRTG) trade information
Heritage Insurance Holdings Inc. (HRTG) registered a 0.85% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.85% in intraday trading to $10.63, hitting a weekly high. The stock’s 5-day price performance is -12.80%, and it has moved by -30.84% in 30 days. Based on these gigs, the overall price performance for the year is 84.23%. The short interest in Heritage Insurance Holdings Inc. (NYSE:HRTG) is 1.04 million shares and it means that shorts have 1.82 day(s) to cover.
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The consensus price target of analysts on Wall Street is $12.5, which implies an increase of 14.96% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $13 respectively. As a result, HRTG is trading at a discount of -22.3% off the target high and -12.89% off the low.
Heritage Insurance Holdings Inc. (HRTG) estimates and forecasts
Statistics show that Heritage Insurance Holdings Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Heritage Insurance Holdings Inc. (HRTG) shares have gone up 12.73% during the last six months, with a year-to-date growth rate less than the industry average at 10.29% against 14.90.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 10.65%. While earnings are projected to return 4.24% in 2024.
HRTG Dividends
Heritage Insurance Holdings Inc. is due to release its next quarterly earnings on 2024-Oct-31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 3.46%.
Heritage Insurance Holdings Inc. (NYSE:HRTG)’s Major holders
Heritage Insurance Holdings Inc. insiders own 26.84% of total outstanding shares while institutional holders control 48.44%, with the float percentage being 66.21%. BLACKROCK INC. is the largest shareholder of the company, while 141.0 institutions own stock in it. As of 2024-06-30, the company held over 1.77 million shares (or 5.8259% of all shares), a total value of $12.53 million in shares.
The next largest institutional holding, with 1.41 million shares, is of DIMENSIONAL FUND ADVISORS LP’s that is approximately 4.6568% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $10.02 million.
