Heritage Insurance Holdings Insiders Added US$898.6k Of Stock To Their Holdings

Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like they did in the case of Heritage Insurance Holdings, Inc. (NYSE:HRTG), that sends out a positive message to the company’s shareholders.

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While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

See our latest analysis for Heritage Insurance Holdings

The Independent Director Paul Whiting made the biggest insider purchase in the last 12 months. That single transaction was for US$418k worth of shares at a price of US$8.35 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$11.85. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn’t tell us much about what they think of current prices.

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Happily, we note that in the last year insiders paid US$899k for 103.39k shares. But insiders sold 21.59k shares worth US$223k. Overall, Heritage Insurance Holdings insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

In the last quarter there were insider sales totalling US$51k. However that only slightly eclipses the US$49k worth of purchases. Ultimately the overall selling isn’t enough to tell us much.

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Heritage Insurance Holdings insiders own about US$85m worth of shares. That equates to 25% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

Our data shows a little more insider selling than buying in the last three months. But the difference is small, and thus, not concerning. On a brighter note, the transactions over the last year are encouraging. Overall we don’t see anything to make us think Heritage Insurance Holdings insiders are doubting the company, and they do own shares. While it’s good to be aware of what’s going on with the insider’s ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we’ve spotted 1 warning sign for Heritage Insurance Holdings you should know about.

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