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Heritage Insurance chairman Widdicombe sells $2.7m in stock

Published 16/10/2025, 22:06
Heritage Insurance chairman Widdicombe sells $2.7m in stock
HRTG
-4.05%

Richard A. Widdicombe, Chairman at Heritage Insurance Holdings, Inc. (NASDAQ:HRTG), sold a total of 100,000 shares of common stock on October 14, 2025, in three separate transactions. The sales amounted to approximately $2.7 million. The transactions come amid Heritage’s remarkable performance, with the stock up 150% over the past year according to InvestingPro data.

The transactions involved the disposal of 8,999 shares at a weighted average price of $25.90, with prices ranging from $25.35 to $26.33. Widdicombe then sold 32,286 shares at an average price of $26.97, with prices ranging from $26.36 to $27.35. The final transaction involved the sale of 58,715 shares at an average price of $27.62, with prices ranging from $27.36 to $27.97. Based on InvestingPro analysis, the company currently appears overvalued, with analyst price targets ranging from $28 to $35.

Following these transactions, Widdicombe directly owns 499,047 shares of Heritage Insurance Holdings, Inc. The company maintains a strong financial health rating according to InvestingPro, which offers comprehensive analysis through its Pro Research Report, available for over 1,400 US stocks.

In other recent news, Heritage Insurance Holdings reported its financial results for the second quarter of 2025, delivering an earnings per share (EPS) of $1.55, which exceeded the forecasted $0.98. However, the company’s revenue did not meet expectations, totaling $208 million compared to the anticipated $216.05 million. Truist Securities has raised its price target for Heritage Insurance from $30 to $35, maintaining a Buy rating on the stock. This adjustment reflects Truist’s projection for the stock to trade at eight times its 2026 earnings estimate. Additionally, Heritage Insurance announced the retirement of board member Mark Berset. Berset stepped down to pursue other opportunities, and the company confirmed there were no disagreements with the board or management. These developments highlight recent changes and projections for Heritage Insurance Holdings.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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