Heritage Insurance Holdings, Inc. (NYSE:HRTG) Shares Purchased by Cwm LLC

Cwm LLC boosted its holdings in Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 83.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,951 shares of the insurance provider’s stock after acquiring an additional 4,535 shares during the quarter. Cwm LLC’s holdings in Heritage Insurance were worth $143,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its stake in Heritage Insurance by 3.0% during the 4th quarter. Stifel Financial Corp now owns 56,825 shares of the insurance provider’s stock valued at $688,000 after purchasing an additional 1,640 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Heritage Insurance by 18.1% during the 4th quarter. Wells Fargo & Company MN now owns 13,419 shares of the insurance provider’s stock valued at $162,000 after purchasing an additional 2,058 shares in the last quarter. Brandywine Global Investment Management LLC boosted its stake in Heritage Insurance by 21.7% during the 4th quarter. Brandywine Global Investment Management LLC now owns 12,400 shares of the insurance provider’s stock valued at $150,000 after purchasing an additional 2,210 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in Heritage Insurance by 0.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 366,595 shares of the insurance provider’s stock valued at $4,436,000 after purchasing an additional 2,479 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Heritage Insurance by 8,472.2% during the 1st quarter. GAMMA Investing LLC now owns 3,086 shares of the insurance provider’s stock valued at $450,000 after purchasing an additional 3,050 shares in the last quarter. 59.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HRTG shares. Truist Financial raised their price objective on Heritage Insurance from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Piper Sandler raised their price objective on Heritage Insurance from $19.00 to $28.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Finally, Wall Street Zen raised Heritage Insurance from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 13th.

Heritage Insurance Stock Performance

HRTG opened at $20.59 on Wednesday. The firm has a market cap of $638.08 million, a PE ratio of 8.14 and a beta of 1.01. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $22.83 and a 200-day simple moving average of $17.73. Heritage Insurance Holdings, Inc. has a fifty-two week low of $6.81 and a fifty-two week high of $26.64.

Heritage Insurance (NYSE:HRTG) last released its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.53. The business had revenue of $211.52 million during the quarter, compared to analyst estimates of $213.68 million. Heritage Insurance had a return on equity of 26.95% and a net margin of 9.29%. As a group, equities analysts predict that Heritage Insurance Holdings, Inc. will post 1.86 EPS for the current fiscal year.

Insider Activity at Heritage Insurance

In other news, Director Panagiotis Apostolou sold 25,000 shares of the firm’s 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 owned 164,719 shares of the company’s stock, valued at $4,183,862.60. This trade represents a 13.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 14.00% of the stock is currently owned by company insiders.

Heritage Insurance 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.