Heritage Insurance Holdings, Inc. (NYSE:HRTG) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 20.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 100,055 shares of the insurance provider’s stock after purchasing an additional 16,911 shares during the period. GSA Capital Partners LLP’s holdings in Heritage Insurance were worth $1,225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in HRTG. Dimensional Fund Advisors LP boosted its holdings in Heritage Insurance by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,414,585 shares of the insurance provider’s stock valued at $10,016,000 after purchasing an additional 96,923 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Heritage Insurance by 45.7% in the 2nd quarter. Renaissance Technologies LLC now owns 436,099 shares of the insurance provider’s stock valued at $3,088,000 after purchasing an additional 136,800 shares in the last quarter. American Century Companies Inc. boosted its holdings in Heritage Insurance by 63.3% in the 2nd quarter. American Century Companies Inc. now owns 432,732 shares of the insurance provider’s stock valued at $3,064,000 after purchasing an additional 167,819 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Heritage Insurance by 226.3% in the 2nd quarter. Acadian Asset Management LLC now owns 410,515 shares of the insurance provider’s stock valued at $2,903,000 after purchasing an additional 284,710 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Heritage Insurance by 87.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 235,019 shares of the insurance provider’s stock valued at $2,877,000 after purchasing an additional 109,714 shares in the last quarter. Institutional investors and hedge funds own 59.03% of the company’s stock.

Heritage Insurance Price Performance

Shares of NYSE:HRTG opened at $11.60 on Friday. The business’s 50 day simple moving average is $12.55 and its 200-day simple moving average is $10.38. The firm has a market capitalization of $355.89 million, a price-to-earnings ratio of 4.64 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.76 and a quick ratio of 0.76. Heritage Insurance Holdings, Inc. has a 12 month low of $5.51 and a 12 month high of $16.90.

Heritage Insurance (NYSE:HRTG) last announced its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.02 by $0.25. The business had revenue of $211.85 million for the quarter, compared to analyst estimates of $209.91 million. Heritage Insurance had a return on equity of 29.17% and a net margin of 9.10%. During the same quarter in the previous year, the company earned ($0.28) EPS. As a group, equities analysts forecast that Heritage Insurance Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Piper Sandler raised Heritage Insurance from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $9.00 to $13.00 in a report on Friday, August 9th. StockNews.com lowered Heritage Insurance from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, Truist Financial boosted their price target on Heritage Insurance from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th.

About Heritage Insurance

Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential insurance in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; commercial residential insurance for properties in Florida, New Jersey, and New York; and licensed in the state of Pennsylvania, as well as personal residential and wind-only property insurance.