Heritage Insurance Holdings Inc (HRTG) Releases Earnings Results, Beats Expectations By $0.07 EPS

Heritage Insurance Holdings Inc (HRTG) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.62 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.55. The company posted revenue of $115.28 million in the period, compared to analysts expectations of $111.68 million. The company’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS.

Heritage Insurance Holdings Inc closed down -0.1 points or -0.81% at $12.25 with 1,61,711 shares getting traded on Tusday. Post opening the session at $12.3, the shares hit an intraday low of $12.1601 and an intraday high of $12.39 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 29, 2016, Ernie J Garateix (COO) purchased 2,000 shares at $11.86 per share price. According to the SEC, on Jun 20, 2016, Trifon Houvardas (director) purchased 2,000 shares at $12.38 per share price. On Jun 20, 2016, Richard A Widdicombe (President) purchased 10,000 shares at $12.84 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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