Heritage Insurance (HRTG) to Release Earnings on Tuesday

Heritage Insurance (NYSE:HRTG) is projected to announce its earnings results after the market closes on Tuesday, March 11th. Analysts expect the company to announce earnings of ($0.17) per share and revenue of $199.87 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Heritage Insurance Stock Performance

Shares of NYSE:HRTG opened at $11.67 on Tuesday. The firm has a market cap of $358.08 million, a PE ratio of 4.67 and a beta of 1.01. The firm’s 50 day simple moving average is $11.63 and its 200-day simple moving average is $12.44. Heritage Insurance has a one year low of $6.14 and a one year high of $16.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.76 and a current ratio of 0.76.

Heritage Insurance declared that its Board of Directors has approved a share buyback program on Monday, December 9th that authorizes the company to buyback $10.00 million in outstanding shares. This buyback authorization authorizes the insurance provider to repurchase up to 2.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Heritage Insurance from a “hold” rating to a “buy” rating in a research report on Monday, November 25th.

About Heritage Insurance

Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential insurance in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; commercial residential insurance for properties in Florida, New Jersey, and New York; and licensed in the state of Pennsylvania, as well as personal residential and wind-only property insurance.