Vanguard Group Inc. Trims Holdings in Heritage Insurance Holdings, Inc. (HRTG)

Vanguard Group Inc. trimmed its position in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 15.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,358,786 shares of the insurance provider’s stock after selling 240,579 shares during the period. Vanguard Group Inc. owned 4.63% of Heritage Insurance Holdings worth $17,692,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American International Group Inc. boosted its holdings in shares of Heritage Insurance Holdings by 7.0% in the first quarter. American International Group Inc. now owns 16,365 shares of the insurance provider’s stock worth $209,000 after acquiring an additional 1,077 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of 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 period. Alpine Woods Capital Investors LLC boosted its holdings in shares of 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 period. Kirr Marbach & Co. LLC IN boosted its holdings in shares of 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 period. Finally, Schroder Investment Management Group boosted its holdings in shares of Heritage Insurance Holdings by 44.5% in the second quarter. Schroder Investment Management Group now owns 35,481 shares of the insurance provider’s stock worth $462,000 after acquiring an additional 10,935 shares during the period. 71.65% of the stock is owned by institutional investors and hedge funds.

Shares of Heritage Insurance Holdings, Inc. (HRTG) opened at $16.63 on Friday. The stock has a market capitalization of $414.80, a price-to-earnings ratio of 1,700.00 and a beta of 1.44. Heritage Insurance Holdings, Inc. has a 52 week low of $8.85 and a 52 week high of $17.31. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.97 and a current ratio of 0.97.

Heritage Insurance Holdings (NYSE:HRTG) last posted its quarterly earnings data on Wednesday, November 1st. The insurance provider reported ($0.34) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.23). The business had revenue of $101.77 million for the quarter, compared to the consensus estimate of $99.01 million. Heritage Insurance Holdings had a net margin of 0.27% and a return on equity of 0.31%. Heritage Insurance Holdings’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 EPS. equities analysts expect that Heritage Insurance Holdings, Inc. will post 0.73 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Thursday, November 16th. Heritage Insurance Holdings’s dividend payout ratio is 2,402.40%.

A number of research firms have recently commented on HRTG. Citigroup Inc. raised their price target on Heritage Insurance Holdings from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. TheStreet lowered Heritage Insurance Holdings from a “b” rating to a “c+” rating in a report on Wednesday, November 1st. BidaskClub lowered Heritage Insurance Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 3rd. SunTrust Banks, Inc. reissued a “buy” rating and set a $18.00 price objective on shares of Heritage Insurance Holdings in a research note on Wednesday, November 1st. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $17.00 price objective on shares of Heritage Insurance Holdings in a research note on Thursday, September 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.00.

In other Heritage Insurance Holdings news, President Richard A. Widdicombe acquired 16,500 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was bought at an average price of $11.32 per share, with a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 21,550 shares of company stock valued at $243,389 in the last three months. 16.10% of the stock is owned by corporate insiders.

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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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Institutional Ownership by Quarter for Heritage Insurance Holdings (NYSE:HRTG)

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