Dimensional Fund Advisors LP raised its position in Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 26.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 987,200 shares of the insurance provider’s stock after buying an additional 204,088 shares during the period. Dimensional Fund Advisors LP owned approximately 3.37% of Heritage Insurance Holdings worth $12,853,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. American International Group Inc. lifted its position in shares of Heritage Insurance Holdings by 7.0% during the first quarter. American International Group Inc. now owns 16,365 shares of the insurance provider’s stock worth $209,000 after purchasing an additional 1,077 shares during the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Heritage Insurance Holdings by 69.1% in the first quarter. UBS Asset Management Americas Inc. now owns 18,600 shares of the insurance provider’s stock worth $238,000 after acquiring an additional 7,600 shares during the last quarter. California Public Employees Retirement System bought a new position in Heritage Insurance Holdings in the second quarter worth about $251,000. Alpine Woods Capital Investors LLC lifted its holdings in Heritage Insurance Holdings by 25.0% in the second quarter. Alpine Woods Capital Investors LLC now owns 20,000 shares of the insurance provider’s stock worth $260,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Kirr Marbach & Co. LLC IN lifted its holdings in Heritage Insurance Holdings by 56.7% in the second quarter. Kirr Marbach & Co. LLC IN now owns 22,395 shares of the insurance provider’s stock worth $292,000 after acquiring an additional 8,100 shares during the last quarter. 71.65% of the stock is owned by institutional investors.
A number of equities analysts have issued reports on HRTG shares. TheStreet cut shares of Heritage Insurance Holdings from a “b-” rating to a “c” rating in a report on Friday, August 4th. BidaskClub raised shares of Heritage Insurance Holdings from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $17.00 target price on shares of Heritage Insurance Holdings in a report on Thursday, September 21st. SunTrust Banks, Inc. reissued a “buy” rating and issued a $18.00 target price on shares of Heritage Insurance Holdings in a report on Tuesday, September 26th. Finally, Citigroup Inc. raised their target price on shares of Heritage Insurance Holdings from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $18.00.
In other news, President Richard A. Widdicombe purchased 16,500 shares of the company’s stock in a transaction on Friday, August 25th. The shares were bought at an average price of $11.32 per share, for a total transaction of $186,780.00. Following the completion of the purchase, the president now owns 775,612 shares of the company’s stock, valued at $8,779,927.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 21,550 shares of company stock worth $243,389 in the last 90 days. 17.90% of the stock is owned by company insiders.
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Shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) opened at $16.92 on Tuesday. Heritage Insurance Holdings, Inc. has a 12 month low of $8.85 and a 12 month high of $17.31. The company has a market cap of $418.46, a P/E ratio of 1,715.00 and a beta of 1.44. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.63.
Heritage Insurance Holdings (NYSE:HRTG) last announced its quarterly earnings results on Wednesday, November 1st. The insurance provider reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.23). Heritage Insurance Holdings had a net margin of 0.27% and a return on equity of 0.31%. The firm had revenue of $101.77 million during the quarter, compared to analyst estimates of $99.01 million. During the same quarter in the previous year, the business posted $0.37 EPS. Heritage Insurance Holdings’s revenue for the quarter was down 6.9% compared to the same quarter last year. equities research analysts forecast that Heritage Insurance Holdings, Inc. will post 0.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a $0.06 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.42%. Heritage Insurance Holdings’s payout ratio is currently 2,402.40%.
Heritage Insurance Holdings Company Profile
Heritage Insurance Holdings, Inc (Heritage Insurance) is a property and casualty insurance holding company. The Company provides personal and commercial residential insurance. Through its subsidiary, Heritage Property & Casualty Insurance Company (Heritage P&C), it provides personal residential insurance for single-family homeowners and condominium owners, rental property insurance and commercial residential insurance in the state of Florida and North Carolina.
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