Does $9.35 justifies Heritage Insurance Holdings, Inc. (HRTG) shares?

Does $9.35 justifies Heritage Insurance Holdings, Inc. (HRTG) shares?”

Of those holders, 44 had increased positions amounting to 2.77 million shares, 56 had decreased positions amounting to 2.02 million shares, and 21 holders have a held position accounting for 13.18 million shares.

Other institutional investors have also made changes to their positions in the company. Ahl Prtn Llp reported 22,961 shares or 0.02% of all its holdings. In the previous year there have been a total of 22 insider trades, including 14 open market buys and 8 sells. It dropped, as 11 investors sold Universal Insurance Holdings, Inc. shares while 50 reduced holdings. Vanguard Group Inc. lifted its stake in shares of UNIVERSAL INSURANCE HOLDINGS INC by 1.5% in the second quarter. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions. UBS Asset Management Americas Inc. now owns 18,600 shares of the insurance provider's stock worth $238,000 after buying an additional 7,600 shares in the last quarter. The firm owned 10,400 shares of the insurance provider's stock after selling 10,800 shares during the quarter. Finally, State Street Corp grew its holdings in UNIVERSAL INSURANCE HOLDINGS INC by 7.2% during the 1st quarter.

UVE is down -25.1% over the last three months and down -30.6% over the last six months. The stock has "Market Outperform" rating by JMP Securities on Tuesday, October 20. Following analyst updates to estimates and targets may help gauge overall stock sentiment. Following the completion of the transaction, the director now directly owns 239,795 shares in the company, valued at approximately $2,807,999.45. Following the completion of the acquisition, the chief executive officer now directly owns 869,595 shares of the company's stock, valued at approximately $10,069,910.10. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 90,200 shares of company stock valued at $1,040,050. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up.

Several brokerages recently weighed in on HRTG. Wood maintained it with "Outperform" rating and $17 target in Tuesday, August 9 report. We can set aside stochastics, this is a one bull rating for a simple reason: UNIVERSAL INSURANCE HOLDINGS INC is hitting a technical breakdown right now. Keefe Bruyette & Woods maintained Heritage Insurance Holdings Inc (NYSE:HRTG) rating on Thursday, August 17. Wall Street is only getting more bullish on the stock, with 5 of analysts who cover HRTG having a buy-equivalent rating. Vanguard Group Inc. now owns 3,730,592 shares of the insurance provider's stock valued at $94,011,000 after buying an additional 55,438 shares during the period.

Omega Advisors Inc. holds 2.72% of its portfolio in Navient Corp for 3.75 million shares. (NYSE:HRTG) traded down 16.96% during midday trading on Tuesday, reaching $9.35. About 194,773 shares traded. A frequently used tool among technical stock analysts is the moving average. The company has market cap of $267.61 million. UNIVERSAL INSURANCE HOLDINGS INC's dividend payout ratio (DPR) is 19.93%.

Over the last 5 years, Heritage Insurance Holdings, Inc. has averaged a -24.15% YoY EPS growth rate. Analysts expect next quarter's EPS will be $0.84 with next year's EPS projected to be $3.43. Heritage Insurance Holdings had a return on equity of 5.67% and a net margin of 5.07%. Over the trailing year, the stock is underperforming the S&P 500 by 38.39, and it's gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. The stock rose 0.02% or $0.06 reaching $258.86. Universal Insurance Holdings, Inc. Investors of record on Friday, September 15th will be issued a $0.06 dividend.

Gardner Denver Holdings, Inc.

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Heritage Insurance Holdings, a property and casualty insurance holding company. The Firm performs substantially all aspects of insurance underwriting, policy issuance, general administration, and claims processing and settlement internally.

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