Northern Trust Corp Sells 4,538 Shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Northern Trust Corp lowered its stake in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 178,178 shares of the insurance provider’s stock after selling 4,538 shares during the quarter. Northern Trust Corp owned about 0.58% of Heritage Insurance worth $2,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of HRTG. Segall Bryant & Hamill LLC boosted its position in Heritage Insurance by 176.9% during the 4th quarter. Segall Bryant & Hamill LLC now owns 348,556 shares of the insurance provider’s stock valued at $4,218,000 after acquiring an additional 222,689 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in shares of 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 purchasing an additional 205,195 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Heritage Insurance by 14.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,569,667 shares of the insurance provider’s stock valued at $18,993,000 after purchasing an additional 193,590 shares during the period. Invesco Ltd. lifted its stake in shares of Heritage Insurance by 24.0% in the 4th quarter. Invesco Ltd. now owns 944,639 shares of the insurance provider’s stock valued at $11,430,000 after purchasing an additional 182,624 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Heritage Insurance in the 4th quarter valued at approximately $1,154,000. 59.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HRTG. Wall Street Zen upgraded Heritage Insurance from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 13th. Piper Sandler raised their target price on Heritage Insurance from $19.00 to $28.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Finally, Truist Financial raised their target price on Heritage Insurance from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, May 8th.

Insider Buying and Selling at Heritage Insurance

In other Heritage Insurance news, CEO Ernie J. Garateix bought 5,000 shares of Heritage Insurance stock in a transaction on Friday, March 14th. The stock was acquired at an average price of $12.77 per share, with a total value of $63,850.00. Following the acquisition, the chief executive officer now owns 1,270,808 shares in the company, valued at approximately $16,228,218.16. This trade represents a 0.40% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Panagiotis Apostolou sold 25,000 shares of Heritage Insurance stock in a transaction on Friday, May 9th. The stock was sold at an average price of $25.40, for a total value of $635,000.00. Following the completion of the sale, the director now directly owns 164,719 shares of the company’s stock, valued at approximately $4,183,862.60. The trade was a 13.18% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 21,000 shares of company stock worth $280,450. 15.20% of the stock is owned by insiders.

Heritage Insurance Stock Up 2.1%

Shares of NYSE:HRTG opened at $23.43 on Monday. The stock has a fifty day simple moving average of $18.65 and a two-hundred day simple moving average of $14.25. The stock has a market capitalization of $726.10 million, a price-to-earnings ratio of 9.37 and a beta of 0.95. Heritage Insurance Holdings, Inc. has a 12-month low of $6.14 and a 12-month high of $26.64. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42.

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

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.