Heritage Insurance Holdings, Inc. $HRTG Shares Bought by Creative Planning

Creative Planning boosted its holdings in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 19.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,913 shares of the insurance provider’s stock after buying an additional 6,277 shares during the quarter. Creative Planning owned 0.12% of Heritage Insurance worth $946,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. USA Financial Formulas acquired a new stake in shares of Heritage Insurance in the second quarter worth $25,000. Nisa Investment Advisors LLC boosted its holdings in Heritage Insurance by 2,413.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,106 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 1,062 shares during the last quarter. AlphaQuest LLC grew its position in Heritage Insurance by 252.3% during the 2nd quarter. AlphaQuest LLC now owns 3,259 shares of the insurance provider’s stock worth $81,000 after purchasing an additional 2,334 shares during the period. Police & Firemen s Retirement System of New Jersey raised its stake in shares of Heritage Insurance by 33.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,749 shares of the insurance provider’s stock valued at $143,000 after buying an additional 1,432 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of Heritage Insurance in the 1st quarter valued at about $127,000. 59.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Heritage Insurance

In related news, CAO Sharon Binnun sold 21,000 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $24.47, for a total value of $513,870.00. Following the completion of the sale, the chief accounting officer owned 176,006 shares of the company’s stock, valued at approximately $4,306,866.82. This trade represents a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernie J. Garateix sold 25,000 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $24.61, for a total value of $615,250.00. Following the transaction, the chief executive officer directly owned 1,245,808 shares in the company, valued at $30,659,334.88. This trade represents a 1.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 396,002 shares of company stock valued at $10,284,609. Company insiders own 14.00% of the company’s stock.

Heritage Insurance Trading Up 1.1%

Shares of HRTG stock opened at $28.93 on Monday. Heritage Insurance Holdings, Inc. has a fifty-two week low of $9.89 and a fifty-two week high of $31.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s fifty day moving average is $26.02 and its two-hundred day moving average is $23.96. The firm has a market capitalization of $894.07 million, a P/E ratio of 5.99 and a beta of 0.96.

Heritage Insurance (NYSE:HRTG) last issued its earnings results on Wednesday, November 5th. The insurance provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $1.10. The business had revenue of $212.46 million during the quarter, compared to analysts’ expectations of $210.12 million. Heritage Insurance had a net margin of 17.72% and a return on equity of 41.44%. Research analysts expect that Heritage Insurance Holdings, Inc. will post 1.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Truist Financial upped their price objective on Heritage Insurance from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Zacks Research raised shares of Heritage Insurance from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Weiss Ratings upgraded shares of Heritage Insurance from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. Finally, Wall Street Zen downgraded shares of Heritage Insurance from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. Based on data from MarketBeat, Heritage Insurance presently has an average rating of “Buy” and an average price target of $32.50.

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.