Examining the Potential Price Growth of Heritage Insurance Holdings Inc. (HRTG)


Heritage Insurance Holdings Inc.’s recently made public that its Chairman WIDDICOMBE RICHARD A acquired Company’s shares for reported $15050.0 on Mar 21. In the deal valued at $3.01 per share,5,000 shares were bought. As a result of this transaction, WIDDICOMBE RICHARD A now holds 681,921 shares worth roughly $ 3.61 million.

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Then, Garateix Ernie J bought 1,000 shares, generating $3,150 in total proceeds. Upon buying the shares at $3.15, the Chief Executive Officer now owns 470,160 shares.

Before that, Garateix Ernie J bought 1,000 shares. Heritage Insurance Holdings Inc. shares valued at $3,070 were divested by the Chief Executive Officer at a price of $3.07 per share. As a result of the transaction, Garateix Ernie J now holds 469,160 shares, worth roughly $2.49 million.

Piper Sandler downgraded its Heritage Insurance Holdings Inc. [HRTG] rating to a Neutral from a an Overweight in a research note published on Friday, February 13, 2023; the price target was decreased to $2.20 from $4.30. PT values the company’s stock at a premium of -140.91 to its Friday closing price.

Price Performance Review of HRTG

On Friday, Heritage Insurance Holdings Inc. [NYSE:HRTG] saw its stock fall -0.19% to $5.30. On the same session, the stock had its day’s lowest price of $5.22, but rose to a high of $5.4581. Over the last five days, the stock has gained 2.51%. Heritage Insurance Holdings Inc. shares have risen nearly 194.44% since the year began. Nevertheless, the stocks have risen 100.76% over the past one year. While a 52-week high of $6.09 was reached on 08/15/23, a 52-week low of $1.12 was recorded on 01/05/23. SMA at 50 days reached $4.64, while 200 days put it at $3.36. A total of 0.2 million shares were traded, compared to the trading of 0.17 million shares in the previous session.

Levels Of Support And Resistance For HRTG Stock

The 24-hour chart illustrates a support level at 5.19, which if violated will result in even more drops to 5.09. On the upside, there is a resistance level at 5.43. A further resistance level may holdings at 5.56. The Relative Strength Index (RSI) on the 14-day chart is 57.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.83%. Stochastics %K at 44.17% indicates the stock is a holding.

How much short interest is there in Heritage Insurance Holdings Inc.?

A steep rise in short interest was recorded in Heritage Insurance Holdings Inc. stocks on Aug 14, 2023, growing by 40910.0 shares to a total of 0.2 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.15 million shares. There was a rise of 20.89%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.03% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.2.

Heritage Insurance Holdings Inc. [HRTG] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 1,243,019 shares, or roughly 4.70% of the outstanding HRTG shares. In other words, the investor’s shares have fallen by -39,488 from its previous 13-F filing of 1282507.0. Additionally, Pacific Ridge Capital Partners LL decreased -1.64% of its stake after which the total value it holdings stand at $4,553,779, while Dimensional Fund Advisors LP added 14.41% of its stake to hold $3.53 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -55,572 shares of Heritage Insurance Holdings Inc., while Parametric Portfolio Associates L sold 441,707 shares. At present, Renaissance Technologies LLC is holding 336,129 shares valued at $1.52 million. Putnam Investment Management LLC owned 287,511 shares of the company at the time of its most recent 13F filing, worth $1.3 million.

According to FactSet, Heritage Insurance Holdings Inc.’s share price will average $6.08 in the next year, based on opinions of analysts polled by the firm. This is up nearly 12.99 percent from its previous closing price of $5.31. Analysts expect Heritage Insurance Holdings Inc. stock to reach the higher price of $7.00, while the lowest price estimate is $5.25. However, 3 analysts have rated HRTG stock as an Overweight in their predictions for 2023.


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