Heritage Insurance Holdings, Inc. (NYSE:HRTG) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,328,135 shares of the insurance provider’s stock after acquiring an additional 9,452 shares during the period. Vanguard Group Inc.’s holdings in Heritage Insurance were worth $16,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. State Street Corp raised its stake in Heritage Insurance by 27.4% during the third quarter. State Street Corp now owns 371,057 shares of the insurance provider’s stock worth $4,542,000 after purchasing an additional 79,802 shares during the period. SG Americas Securities LLC purchased a new stake in Heritage Insurance during the 4th quarter worth about $134,000. Exchange Traded Concepts LLC acquired a new position in Heritage Insurance during the 4th quarter worth approximately $296,000. Empowered Funds LLC raised its stake in Heritage Insurance by 5.1% in the fourth quarter. Empowered Funds LLC now owns 115,131 shares of the insurance provider’s stock valued at $1,393,000 after buying an additional 5,579 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in Heritage Insurance by 222.2% during the fourth quarter. New York State Common Retirement Fund now owns 2,900 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 2,000 shares in the last quarter. 59.03% of the stock is currently owned by institutional investors and hedge funds.

Heritage Insurance Stock Up 5.6 %

Shares of NYSE:HRTG opened at $18.80 on Friday. Heritage Insurance Holdings, Inc. has a fifty-two week low of $6.14 and a fifty-two week high of $18.91. The firm’s 50-day simple moving average is $13.54 and its 200-day simple moving average is $12.21. The company has a market cap of $805.48 million, a price-to-earnings ratio of 7.52 and a beta of 0.93. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.42.

Heritage Insurance (NYSE:HRTG) last released its quarterly earnings data on Tuesday, March 11th. The insurance provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.83. The firm had revenue of $210.26 million for the quarter, compared to the consensus estimate of $199.87 million. Heritage Insurance had a net margin of 9.10% and a return on equity of 29.17%. As a group, equities research analysts predict that Heritage Insurance Holdings, Inc. will post 1.86 earnings per share for the current year.

Insider Buying and Selling at Heritage Insurance

In other news, CFO Kirk Lusk purchased 6,000 shares of the stock in a transaction dated Friday, March 14th. The stock was acquired at an average cost of $13.85 per share, for a total transaction of $83,100.00. Following the completion of the acquisition, the chief financial officer now directly owns 618,756 shares in the company, valued at $8,569,770.60. This represents a 0.98 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie J. Garateix acquired 5,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were acquired at an average price of $12.77 per share, for a total transaction of $63,850.00. Following the acquisition, the chief executive officer now directly owns 1,270,808 shares of the company’s stock, valued at approximately $16,228,218.16. The trade was a 0.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 21,000 shares of company stock worth $280,450. 14.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Heritage Insurance from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 18th.

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.