Vanguard Group Inc. Raises Stock Holdings in Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Vanguard Group Inc. increased its stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,328,135 shares of the insurance provider’s stock after purchasing an additional 9,452 shares during the quarter. Vanguard Group Inc. owned approximately 4.33% of Heritage Insurance worth $16,070,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in shares of Heritage Insurance by 14.8% in the fourth quarter. American Century Companies Inc. now owns 589,899 shares of the insurance provider’s stock valued at $7,138,000 after acquiring an additional 76,032 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Heritage Insurance by 15.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 447,868 shares of the insurance provider’s stock worth $5,419,000 after purchasing an additional 59,281 shares during the last quarter. State Street Corp boosted its holdings in Heritage Insurance by 27.4% in the third quarter. State Street Corp now owns 371,057 shares of the insurance provider’s stock valued at $4,542,000 after acquiring an additional 79,802 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Heritage Insurance by 27.2% during the fourth quarter. Bank of New York Mellon Corp now owns 117,236 shares of the insurance provider’s stock valued at $1,419,000 after buying an additional 25,070 shares during the period. Finally, Empowered Funds LLC boosted its position in shares of Heritage Insurance by 5.1% during the fourth quarter. Empowered Funds LLC now owns 115,131 shares of the insurance provider’s stock valued at $1,393,000 after purchasing an additional 5,579 shares in the last quarter. 59.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity

In related news, Director Paul L. Whiting acquired 10,000 shares of Heritage Insurance stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $13.35 per share, with a total value of $133,500.00. Following the completion of the purchase, the director now directly owns 79,576 shares of the company’s stock, valued at $1,062,339.60. The trade was a 14.37 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ernie J. Garateix acquired 5,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were purchased at an average price of $12.77 per share, for a total transaction of $63,850.00. Following the transaction, 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. Insiders have purchased a total of 21,000 shares of company stock worth $280,450 over the last quarter. Insiders own 14.00% of the company’s stock.

Heritage Insurance Stock Performance

Shares of NYSE HRTG opened at $18.80 on Friday. The company has a market cap of $805.48 million, a PE 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. The firm’s 50-day moving average price is $13.54 and its 200-day moving average price is $12.21. Heritage Insurance Holdings, Inc. has a 52-week low of $6.14 and a 52-week high of $18.91.

Heritage Insurance (NYSE:HRTG) last released its quarterly earnings results on Tuesday, March 11th. The insurance provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.83. The business 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, analysts anticipate that Heritage Insurance Holdings, Inc. will post 1.86 EPS for the current year.

Heritage Insurance Company Profile

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.