LSV Asset Management Trims Stock Holdings in Heritage Insurance Holdings, Inc. (NYSE:HRTG)

LSV Asset Management trimmed its stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG – Get Rating) by 57.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,000 shares of the insurance provider’s stock after selling 70,946 shares during the quarter. LSV Asset Management owned 0.20% of Heritage Insurance worth $95,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Heritage Insurance by 3.4% in the first quarter. BlackRock Inc. now owns 2,505,233 shares of the insurance provider’s stock worth $17,889,000 after acquiring an additional 82,533 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Heritage Insurance by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,326,983 shares of the insurance provider’s stock valued at $9,474,000 after purchasing an additional 50,432 shares in the last quarter. Rutabaga Capital Management LLC MA bought a new position in shares of Heritage Insurance during the third quarter valued at $2,843,000. Spotlight Asset Group Inc. bought a new position in shares of Heritage Insurance during the third quarter valued at $852,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Heritage Insurance by 7.0% during the first quarter. Renaissance Technologies LLC now owns 490,447 shares of the insurance provider’s stock valued at $3,502,000 after purchasing an additional 32,248 shares in the last quarter. 49.29% of the stock is owned by institutional investors.

Heritage Insurance Stock Performance

NYSE:HRTG opened at $5.01 on Tuesday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.98. Heritage Insurance Holdings, Inc. has a 12-month low of $1.12 and a 12-month high of $5.21. The stock has a 50-day moving average price of $3.35 and a 200 day moving average price of $2.46. The stock has a market capitalization of $132.61 million, a P/E ratio of -1.22 and a beta of 0.79.

Heritage Insurance (NYSE:HRTG – Get Rating) last released its quarterly earnings results on Thursday, March 2nd. The insurance provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.68. The business had revenue of $174.59 million during the quarter, compared to analysts’ expectations of $168.32 million. Heritage Insurance had a negative return on equity of 13.15% and a negative net margin of 16.10%. Equities research analysts forecast that Heritage Insurance Holdings, Inc. will post 0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Truist Financial upped their price target on Heritage Insurance from $3.00 to $5.00 and gave the company a “buy” rating in a report on Monday, March 6th. JMP Securities lowered their price target on Heritage Insurance from $4.00 to $3.00 and set a “market outperform” rating on the stock in a report on Tuesday, January 17th. Piper Sandler increased their target price on Heritage Insurance from $3.50 to $4.25 in a report on Monday, May 8th. Finally, StockNews.com raised Heritage Insurance from a “buy” rating to a “strong-buy” rating in a report on Monday, May 8th.

Heritage Insurance Company Profile

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Heritage Insurance Holdings, Inc engages in the provision of personal and residential premium, property, and casualty insurance policies. It offers personal residential insurance for single-family homeowners and condominium owners, rental property insurance, and commercial residential insurance. The company was founded in August 2012 and is headquartered in Tampa, FL.