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Wednesday, December 6, 2023

There Is A Quest For Clarity Surrounding Heritage Insurance Holdings Inc. (NYSE: HRTG) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Heritage Insurance Holdings Inc. (HRTG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.34, or 4.86%, to $7.34. The Heritage Insurance Holdings Inc. has recorded 5,262 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Heritage Reports Third Quarter 2023 Results.

Stocks Info

This NYSE-listed company operates within the Insurance – Property & Casualty industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $7.00 and fluctuated between $7.44 as its day high and $6.32 as its day low. The current market capitalization of Heritage Insurance Holdings Inc. is $178.92M. A total of 0.74 million shares were traded on the day, compared to an average of 279.39K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, HRTG has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 37 BUYs and 5 SELLs from insiders. Insiders purchased 1,669,489 shares during that period but sold 22,376.

In the most recent transaction, WIDDICOMBE RICHARD A bought 5,000 shares of HRTG for 3.01 per share on Mar 21. After the transaction, the Chairman now owns 681,921 company shares. In a previous transaction on Mar 17, Garateix Ernie J bought 1,000 shares at 3.15 per share. HRTG shares that Chief Executive Officer owns now total 470,160.

Among the insiders who bought shares, Garateix Ernie J acquired of 1,000 shares on Mar 16 at a per-share price of $3.07. This resulted in the Chief Executive Officer holding 469,160 shares of HRTG after the transaction. In another insider transaction, Hyer Raymond T bought 202,460 shares at $1.96 per share on Feb 13. Company shares held by the 10% Owner now total 2,811,115.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. HRTG’s most recent ex-dividend date was 6/13/2022 when it declared a $0.06 quarterly dividend that was paid in cash on 7/5/2022. Previously, the company paid the dividend on 4/6/2022 with an ex-dividend date of 3/16/2022. The HRTG stock dividend was $0.06 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for HRTG in the last 3 months, the mean price target is $7.33 with high estimates of $9.00 and low estimates of $6.00. In terms of 52-week highs and lows, HRTG has a high of $6.70 and a low of $1.12.

As of this writing, HRTG has an earnings estimate of -$0.21 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0 per share and a lower estimate of -$0.58. The company reported an EPS of $0.55 in the last quarter, which was 400.00% higher than expectations of $0.11.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. HRTG’s latest balance sheet shows that the firm has $1.03B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $5.65, while its Total Shareholder’s Equity was $343.05M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HRTG is Buy with a score of 4.33.

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