This Insider Has Just Sold Shares In Heritage Insurance Holdings

We wouldn't blame Heritage Insurance Holdings, Inc. (NYSE:HRTG) shareholders if they were a little worried about the fact that Panagiotis Apostolou, the Independent Director recently netted about US$635k selling shares at an average price of US$25.40. That's a big disposal, and it decreased their holding size by 13%, which is notable but not too bad.

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The Last 12 Months Of Insider Transactions At Heritage Insurance Holdings

Notably, that recent sale by Panagiotis Apostolou is the biggest insider sale of Heritage Insurance Holdings shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$23.96. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Over the last year, we can see that insiders have bought 39.39k shares worth US$476k. But they sold 33.44k shares for US$752k. Over the last year we saw more insider selling of Heritage Insurance Holdings shares, than buying. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

See our latest analysis for Heritage Insurance Holdings

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Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company 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$182m worth of shares (which is 26% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Do The Heritage Insurance Holdings Insider Transactions Indicate?

Unfortunately, there has been more insider selling of Heritage Insurance Holdings stock, than buying, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. But it is good to see that Heritage Insurance Holdings is growing earnings. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. 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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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.