Heritage Insurance Holdings Inc (HRTG) Releases Earnings Results, Misses Expectations By $-0.21 EPS

Heritage Insurance Holdings Inc (HRTG) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $0.24 earnings per share for the quarter, missing the analyst consensus estimate by $-0.21. Analysts had a consensus of $0.45. The company posted revenue of $111.57 million in the period, compared to analysts expectations of $106.43 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on Heritage Insurance Holdings Inc. Heritage Insurance Holdings Inc was Downgraded by Sandler O’Neill to ” Hold” on Mar 4, 2016.

Heritage Insurance Holdings Inc closed down -0.01 points or -0.08% at $13.28 with 1,94,525 shares getting traded on Monday. Post opening the session at $13.27, the shares hit an intraday low of $13.2 and an intraday high of $13.52 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Apr 6, 2016, Joseph Vattamattam (director) sold 5,000 shares at $15.84 per share price. According to the SEC, on Dec 29, 2015, Ernie J Garateix (Chief Operating Officer) sold 8,000 shares at $22.04 per share price. On Dec 28, 2015, Trifon Houvardas (director) sold 1,800 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Heritage Insurance Holdings Inc. (Heritage Insurance) formerly Heritage Insurance Holdings LLC is a property and casualty insurance holding company. The Company is engaged in providing personal and commercial residential insurance. Through Its subsidiary Heritage Property & Casualty Insurance Company (Heritage P&C) it provides personal residential insurance for single-family homeowners and condominium owners rental property insurance and commercial residential insurance in the state of Florida. The Company is vertically integrated and control or manage all aspects of insurance underwriting actuarial analysis distribution and claims processing and adjusting. It has approximately 207000 personal residential policies in force and approximately 2400 commercial residential policies in force.

Heritage Insurance Holdings Inc

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