Heritage Insurance (HRTG) CAO Sharon Binnun Sells $224K of Stock

Sharon Binnun, the Chief Accounting Officer at Heritage Insurance Holdings, Inc. (NYSE: HRTG), recently sold 9,200 shares of the company. The transaction took place on June 22, 2026, and was part of a planned sale under a Rule 10b5-1 plan. The shares were sold at an average price of $24.36, totaling approximately $224,112.

Insider Buying and Selling at Heritage Insurance Holdings, Inc.

Sharon Binnun's recent sale was part of a planned transaction, with 9,200 shares sold on June 22, 2026. In addition, Paul Whiting sold 9,662 shares on June 11, 2026, while several other insiders, including Irini Barlas and Panagiotis Apostolou, purchased shares on June 10, 2026.

Other Institutional Activity in Heritage Insurance

Several institutional investors have recently adjusted their positions in Heritage Insurance. BlackRock, Inc. reduced its holdings by 23,360 shares, bringing its total to 2,190,370 shares valued at about $57.5 million, a 1.1% decrease. Dimensional Fund Advisors LP increased its stake by 36,879 shares, ending with 1,246,923 shares worth approximately $32.7 million, a 3.0% increase. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, with 1,001,243 and 846,693 shares, respectively.

Heritage Insurance Holdings, Inc. Stock Down 27.5%

Shares of Heritage Insurance traded near $24.95 on Thursday. The company has a market cap of about $720.2 million and a P/E ratio of 3.65. The stock's 52-week range is between $16.83 and $31.98. Its 50-day moving average stands at $24.76, while the 200-day moving average is $26.02. Heritage Insurance's beta is 0.915, indicating relatively low volatility compared to the market.

Analysts Set New Price Targets

On May 11, 2026, Truist Securities maintained its 'buy' rating for Heritage Insurance with a target price of $36. The consensus among analysts is a 'buy' recommendation, with a mean target price of $31.5 based on two analyst opinions.

About Heritage Insurance Holdings, Inc.

Heritage Insurance Holdings, Inc. provides personal and commercial residential insurance products through its subsidiaries. Operating in several states including Florida, California, and New York, the company offers a variety of insurance products such as homeowners, condo, and dwelling fire insurance. Founded in 2012, Heritage Insurance is headquartered in Tampa, Florida, and is led by CEO Ernesto Jose Garateix.

Bottom Line

Investors closely watch insider transactions like Sharon Binnun's planned share sale for insights into company sentiment. Heritage Insurance remains a key player in the property and casualty insurance sector, with recent analyst ratings reflecting confidence in its growth potential. As always, these insights are based on past filings and transactions.