On November 11, 2024, Ernie Garateix, CEO of Heritage Insurance Holdings Inc (HRTG, Financial), purchased 3,950 shares of the company. This transaction was documented in a recent SEC Filing. Following this acquisition, the insider now owns a total of 1,076,534 shares of Heritage Insurance Holdings Inc.
Heritage Insurance Holdings Inc is a property and casualty insurance company that provides personal and commercial residential insurance. The company operates primarily in the United States, offering its products through a network of independent agents.
Over the past year, the insider has purchased a total of 36,197 shares and has not sold any shares. This recent purchase is part of a broader trend observed within the company, where there have been 10 insider buys and 3 insider sells over the past year.
On the date of the latest purchase, shares of Heritage Insurance Holdings Inc were trading at $12.53. This pricing sets the company's market cap at approximately $362.994 million.
The stock's price-earnings ratio is 6.07, which is below both the industry median of 11.37 and the company’s historical median.
According to the GF Value, the intrinsic value estimate for Heritage Insurance Holdings Inc is $5.57 per share, making the stock significantly overvalued with a price-to-GF-Value ratio of 2.25.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
This insider buying activity could be a signal to investors, especially considering the current valuation metrics and the overall insider trading trend at Heritage Insurance Holdings Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
