The cluster is too small relative to market cap to warrant a directional trade. Monitor the next 10-Q for underwriting margin or reserve trends, but these sales are routine and non-informative. No immediate read-through.
Price Chart
Executive Summary
Three Heritage Insurance insiders, including the CEO and CFO, sold a total of $632K in open-market shares over a 7-day window. The CEO sold $344K and the CFO sold $342K, representing the bulk of the cluster. At a $1B market cap, the total is 0.06% — well below the 0.1% materiality threshold — and the sales are likely liquidity-driven (vesting, tax planning, or blackout-window opening) rather than signaling fundamental deterioration.
Key Financial Metrics
Key Facts
- CEO Ernie Garateix sold $345K (10K shares) on Aug 17-18
- CFO Kirk Lusk sold $342K (10K shares) on Aug 17
- Officer Timothy Johns sold $118K (3.5K shares) on Aug 19
- Total cluster value $632K = 0.06% of $1B market cap — trivial
- All trades are open-market sales; no buys in the cluster
- Prior 30-day insider activity: 6 sells totaling $1.6M, consistent pattern
Financial Impact
$632K total insider sales, 0.06% of market cap — immaterial
Risk Factors
- Insider sales could accelerate if the stock continues to rally near $34
- Florida-focused P&C insurers face elevated catastrophe-exposure risk in Q3 hurricane season
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-HRTG-1787346747540 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | 144 | $36.98 $37.08 | ▲ +0.27% | ▼ −0.25% | $37.10 (+0.32%) |
Oct 19, 2026 7d ago | Press Release | $36.98 | awaiting T+1 | — | $37.10 (+0.32%) |
Sep 25, 2026 4w ago | SC 13G/A | $33.26 $33.49 | ▲ +0.69% | ▲ +0.88% | $37.10 (+11.55%) |
Sep 22, 2026 4w ago | Insider Cluster | $33.07 $33.18 | ▲ +0.33% | ▲ +0.41% | $37.10 (+12.19%) |
Sep 18, 2026 5w ago | 144 | $34.15 $33.50 | ▼ −1.90% | ▼ −1.89% | $37.10 (+8.64%) |
Sep 16, 2026 5w ago | Insider Cluster | $35.42 $34.42 | ▲ +2.82% | ▲ +2.70% | $37.10 (−4.74%) |
Sep 11, 2026 6w ago | Insider Cluster | $35.09 $34.78 | ▼ −0.88% | ▼ −0.42% | $37.10 (+5.73%) |
Sep 8, 2026 6w ago | Insider Cluster | $34.05 $34.53 | ▼ −1.41% | ▼ −2.01% | $37.10 (−8.96%) |
Aug 26, 2026 8w ago | Insider Cluster | $34.15 $33.86 | ▲ +0.85% | ▲ +0.62% | $37.10 (−8.64%) |
Aug 21, 2026 9w ago | Insider Cluster | $34.59 $34.20 | ▼ −1.13% | ▼ −1.45% | $37.10 (+7.26%) |
US Market Status
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