Timothy E. Johns sells $125,685 in Heritage Insurance stock

Timothy E. Johns, President of Zephyr Insurance Company, a subsidiary of Heritage Insurance Holdings, Inc., sold 3,500 shares of the company's common stock on October 19, 2026. The transaction amounted to $125,685, with the shares priced between $35.67 and $36.19. This sale occurred as the stock was nearing its 52-week high of $37.36, following a substantial 62% increase over the previous year.

The trades were part of a pre-planned Rule 10b5-1 trading strategy that Mr. Johns initiated on May 20, 2026. Following these sales, Mr. Johns now directly owns 18,438 shares of Heritage Insurance Holdings, Inc.

According to InvestingPro analysis, Heritage Insurance Holdings, Inc. (HRTG) is currently considered overvalued, appearing on the platform's Most Overvalued list. The company has a P/E ratio of 5.27 and a market capitalization of $1.07 billion. Additional ProTips and financial metrics can be found on InvestingPro.

In related news, Heritage Insurance Holdings reported impressive second-quarter 2026 results, surpassing profit expectations. Diluted earnings per share reached $2.05, significantly above Wall Street's estimate of $1.20. Although revenue was $214.2 million, it was slightly below forecasts. Net income increased to a record $61.7 million, demonstrating strong financial performance.

Raymond James initiated coverage on Heritage Insurance with a Market Perform rating, noting that the company's multi-year underwriting remediation has restored profitability to levels comparable to other Florida-based insurers.

These developments indicate a period of robust financial health for Heritage Insurance. This report was generated with AI assistance and reviewed by an editor.