Heritage Insurance president Johns sells $121,579 in stock

Heritage Insurance Holdings, Inc., a company listed on the NASDAQ under the ticker symbol HRTG, recently experienced a notable event involving its President, Timothy E. Johns. On September 18, 2026, Mr. Johns sold 3,500 shares of the company's common stock, amounting to approximately $121,579. The shares were disposed of at a price range of $34.42 to $35.03, with an average price of $34.7369 per share.

This sale was executed under Mr. Johns' own pre-established Rule 10b5-1 trading plan, which he had initiated on May 20, 2026. Currently, the stock is trading at $33.27, close to its 52-week peak of $36.50, following a robust 29% increase over the last six months. Post this transaction, Mr. Johns retains a personal holding of 21,938 shares of Heritage Insurance Holdings common stock.

The company's valuation is indicated by a P/E ratio of 4.73, suggesting it may be slightly overvalued based on InvestingPro's analysis compared to its intrinsic value. For those interested in a more in-depth analysis, the company's Pro Research Report is available, along with 10 additional ProTips specifically tailored for HRTG, making it one of over 1,400 such reports accessible on InvestingPro platform.

Meanwhile, Heritage Insurance Holdings also reported its Q2 2026 earnings on the same day, highlighting a remarkable performance. The company reported diluted earnings per share of $2.05, exceeding the estimated $1.20 per share, despite revenue of $214.2 million, which was slightly below market expectations. Additionally, the insurer disclosed a record net income of $61.7 million for the quarter, underscoring the company's ability to beat forecasts.

Notably, no upgrades or downgrades were noted by analysts in the recent news. This report was generated with the assistance of AI and reviewed by an editor.