Barclays PLC Acquires 4,370 Shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Barclays PLC raised its position in Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 10.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,505 shares of the insurance provider’s stock after acquiring an additional 4,370 shares during the period. Barclays PLC owned approximately 0.15% of Heritage Insurance worth $551,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HRTG. Segall Bryant & Hamill LLC raised its position in shares of Heritage Insurance by 176.9% in 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 raised its holdings in Heritage Insurance by 33.7% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 813,557 shares of the insurance provider’s stock valued at $9,844,000 after acquiring an additional 205,195 shares during the last quarter. Invesco Ltd. boosted its stake in Heritage Insurance by 24.0% during the fourth quarter. Invesco Ltd. now owns 944,639 shares of the insurance provider’s stock worth $11,430,000 after buying an additional 182,624 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Heritage Insurance in the 4th quarter valued at $1,123,000. Finally, American Century Companies Inc. lifted its holdings in 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 last quarter. 59.03% of the stock is currently owned by hedge funds and other institutional investors.

Heritage Insurance Price Performance

Shares of NYSE HRTG opened at $25.62 on Friday. The stock has a fifty day moving average price of $15.95 and a 200 day moving average price of $13.16. Heritage Insurance Holdings, Inc. has a 1-year low of $6.14 and a 1-year high of $26.00. 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 company has a market cap of $794.13 million, a PE ratio of 10.25 and a beta of 0.95.

Heritage Insurance (NYSE:HRTG) last announced its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.53. The firm had revenue of $211.52 million for the quarter, compared to analyst estimates of $213.68 million. Heritage Insurance had a return on equity of 29.17% and a net margin of 9.10%. Sell-side analysts forecast that Heritage Insurance Holdings, Inc. will post 1.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on HRTG shares. Truist Financial upped their price target on Heritage Insurance from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday. Piper Sandler lifted their price target on Heritage Insurance from $19.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, StockNews.com downgraded shares of Heritage Insurance from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th.

Insiders Place Their Bets

In related news, Director Paul L. Whiting bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average cost of $13.35 per share, with a total value of $133,500.00. Following the completion of the transaction, the director now owns 79,576 shares of the company’s stock, valued at approximately $1,062,339.60. The trade was a 14.37 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kirk Lusk acquired 6,000 shares of Heritage Insurance stock in a transaction dated Friday, March 14th. The stock was purchased at an average cost of $13.85 per share, for a total transaction of $83,100.00. Following the completion of the purchase, the chief financial officer now directly owns 618,756 shares in the company, valued at approximately $8,569,770.60. This represents a 0.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 21,000 shares of company stock worth $280,450. 15.20% of the stock is owned by corporate insiders.

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.