Heritage Insurance Holdings, Inc. Buyback
OLI recorded this information on 3/20/2024
Company:
Heritage Insurance Holdings, Inc.
Buyback:
HRTG buyback
$Amount Authorized:
$10,000,000
Buyback Details:
Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, announced today that its Board of Directors authorized a new share repurchase plan of $10.0 million (the "New Share Repurchase Plan") commencing upon the December 31, 2023 expiration of the prior $10.0 million share repurchase program (the "Prior Share Repurchase Plan").
Heritage Insurance Holdings is a property and casualty insurance holding company that primarily provides personal and commercial residential insurance through its insurance company subsidiaries. Co. is vertically integrated and controls or manages substantially all aspects of insurance underwriting, customer service, actuarial analysis, distribution and claims processing and adjusting. Co.'s insurance subsidiaries include: Heritage Property & Casualty Insurance Company, which provides personal and commercial residential property insurance and commercial general liability insurance; and Narragansett Bay Insurance Company, which provides personal and commercial residential property insurance.
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Buy (2.67 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: HRTG Stock Forecast Based on Zacks ABR data; powered by Xignite |