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Ernie J. Garateix, Chief Executive Officer of Heritage Insurance Holdings, Inc. (NYSE:HRTG), sold a total of $227,018 in company stock on September 22, 2025. The sales involved two transactions with prices ranging from $27.08 to $28.33 per share. The transactions come amid a remarkable year for Heritage Insurance, which has seen its stock surge over 103% year-to-date, according to InvestingPro data.
According to a Form 4 filing with the Securities and Exchange Commission, Garateix sold 7,267 shares at a weighted average price of $27.08, with prices ranging from $26.78 to $27.27. He also sold 1,067 shares at a weighted average price of $28.33, with prices ranging from $28.22 to $28.36. The stock currently trades at a P/E ratio of 7.11, with InvestingPro analysis indicating the company maintains a GREAT financial health score.
Following these transactions, Garateix directly owns 1,237,474 shares of Heritage Insurance Holdings, Inc., representing a significant stake in the $800 million market cap company. The stock has demonstrated strong momentum with a 78% gain over the past six months. For deeper insights into Heritage Insurance’s valuation and growth prospects, including additional ProTips, check out the comprehensive research available on InvestingPro.
In other recent news, Heritage Insurance reported its financial results for the second quarter of 2025, showcasing a notable performance in earnings per share (EPS). The company exceeded expectations with an EPS of $1.55, compared to the forecasted $0.98. However, revenue figures did not meet projections, totaling $208 million against an anticipated $216.05 million. In light of these developments, Truist Securities adjusted its price target for Heritage Insurance, raising it from $30 to $35 while maintaining a Buy rating. This adjustment reflects Truist’s outlook for the stock to trade at eight times its 2026 earnings estimate. Despite the positive earnings surprise, the company’s revenue shortfall contributed to a 15% decline in stock price following the announcement. These recent developments highlight the mixed financial performance and market response for Heritage Insurance.
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