{
  "id": 6892312,
  "title": "Sharon Binnun sells $221,995 in Heritage Insurance stock",
  "url": "https://urgent.news/2026/09/12/sharon-binnun-sells-221-995-in-heritage-insurance-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-12T08:16:07.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/sharon-binnun-sells-221995-in-heritage-insurance-stock-93CH-4898636"
  },
  "original_language": "en",
  "account": "Sharon Binnun, the Chief Accounting Officer at Heritage Insurance Holdings, Inc. (HRTG), recently sold 6,565 shares of the company's common stock on September 9, 2026. The transaction, which occurred on September 9, 2026, resulted in a total value of $221,995. The shares were sold at a price of $33.815 each, indicating a significant investment made by Binnun in the company. As of the current date, the stock is trading at $34.58, marking a 41% increase over the past year. However, an InvestingPro analysis suggests that the shares might be overvalued when compared to the company's Fair Value estimate. Despite this, Binnun's sale indicates her confidence in the company's prospects, as she still directly holds 80,623 shares of Heritage Insurance Holdings common stock. The company's recent financial performance has also drawn attention from investors, with its second-quarter 2026 results showcasing a significant earnings beat. HRTG reported diluted earnings per share of $2.05, surpassing Wall Street's projection of $1.20, and net income reached an impressive $61.7 million, marking a record. The company's revenue for the quarter was $214.2 million, slightly below analyst expectations, yet the earnings report has been a focal point for investors due to the substantial earnings per share exceeding forecasts by 70.8%. These developments highlight the company's strong profitability even as revenue targets were not fully met, providing valuable insights for analysts and stakeholders evaluating the company's future prospects.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}