Mariner LLC Invests $338,000 in Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Mariner LLC purchased a new position in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 27,975 shares of the insurance provider’s stock, valued at approximately $338,000. Mariner LLC owned about 0.09% of Heritage Insurance as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the company. Segall Bryant & Hamill LLC raised its stake in Heritage Insurance by 176.9% during the fourth quarter. Segall Bryant & Hamill LLC now owns 348,556 shares of the insurance provider’s stock worth $4,218,000 after acquiring an additional 222,689 shares during the period. Pacific Ridge Capital Partners LLC grew its holdings in shares of Heritage Insurance by 33.7% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 813,557 shares of the insurance provider’s stock valued at $9,844,000 after purchasing an additional 205,195 shares during the last quarter. Invesco Ltd. raised its position in shares of Heritage Insurance by 24.0% during the 4th quarter. Invesco Ltd. now owns 944,639 shares of the insurance provider’s stock worth $11,430,000 after purchasing an additional 182,624 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Heritage Insurance in the 4th quarter worth approximately $1,123,000. Finally, American Century Companies Inc. boosted its position in Heritage Insurance by 14.8% during the 4th quarter. American Century Companies Inc. now owns 589,899 shares of the insurance provider’s stock valued at $7,138,000 after purchasing an additional 76,032 shares during the period. 59.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Heritage Insurance

In other news, CFO Kirk Lusk acquired 6,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were purchased at an average price of $13.85 per share, for a total transaction of $83,100.00. Following the completion of the acquisition, the chief financial officer now owns 618,756 shares of the company’s stock, valued at approximately $8,569,770.60. This represents a 0.98 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ernie J. Garateix acquired 5,000 shares of Heritage Insurance stock in a transaction that occurred on Friday, March 14th. The stock was acquired at an average cost of $12.77 per share, with a total value of $63,850.00. Following the purchase, the chief executive officer now owns 1,270,808 shares in the company, valued at $16,228,218.16. The trade was a 0.40 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 21,000 shares of company stock worth $280,450. 14.00% of the stock is owned by corporate insiders.

Heritage Insurance Stock Performance

Shares of HRTG opened at $19.46 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.76 and a quick ratio of 0.76. The firm’s 50 day moving average is $15.09 and its 200-day moving average is $12.84. Heritage Insurance Holdings, Inc. has a 12-month low of $6.14 and a 12-month high of $19.97. The stock has a market capitalization of $603.12 million, a P/E ratio of 7.78 and a beta of 0.95.

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

Analysts Set New Price Targets

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.