Annis Gardner Whiting Capital Advisors LLC Purchases 64,298 Shares of Heritage Insurance Holdings, Inc. $HRTG

Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 514.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 76,798 shares of the insurance provider’s stock after purchasing an additional 64,298 shares during the period. Annis Gardner Whiting Capital Advisors LLC owned approximately 0.25% of Heritage Insurance worth $1,934,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Instrumental Wealth LLC lifted its stake in Heritage Insurance by 116.1% during the 3rd quarter. Instrumental Wealth LLC now owns 60,060 shares of the insurance provider’s stock valued at $1,401,000 after acquiring an additional 32,269 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Heritage Insurance in the third quarter worth approximately $984,000. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Heritage Insurance by 24.4% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 35,700 shares of the insurance provider’s stock valued at $899,000 after purchasing an additional 7,000 shares during the last quarter. Arkadios Wealth Advisors lifted its position in Heritage Insurance by 10.7% during the third quarter. Arkadios Wealth Advisors now owns 128,286 shares of the insurance provider’s stock valued at $3,230,000 after purchasing an additional 12,397 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Heritage Insurance in the third quarter worth approximately $253,000. Institutional investors own 59.03% of the company’s stock.

Heritage Insurance Trading Up 1.2%

HRTG stock opened at $25.71 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.82. Heritage Insurance Holdings, Inc. has a 1-year low of $9.89 and a 1-year high of $31.98. The business has a 50 day simple moving average of $27.75 and a two-hundred day simple moving average of $25.25. The company has a market capitalization of $794.76 million, a price-to-earnings ratio of 5.32 and a beta of 0.98.

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

Insider Transactions at Heritage Insurance

In related news, CEO Ernie J. Garateix sold 8,334 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $26.03, for a total value of $216,934.02. Following the sale, the chief executive officer owned 1,128,504 shares in the company, valued at approximately $29,374,959.12. The trade was a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Richard A. Widdicombe sold 50,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $29.40, for a total transaction of $1,470,000.00. Following the completion of the sale, the chairman owned 449,047 shares in the company, valued at approximately $13,201,981.80. This trade represents a 10.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 133,333 shares of company stock valued at $3,745,308 in the last ninety days. Corporate insiders own 14.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Heritage Insurance from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Heritage Insurance in a report on Monday, December 29th. Finally, Zacks Research downgraded Heritage Insurance from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.50.

Heritage Insurance Company Profile

Heritage Insurance Holdings, Inc (NYSE: HRTG) is a property and casualty insurance holding company that offers homeowners insurance and related coverage products in the United States. Through its primary subsidiary, Heritage Property & Casualty Insurance Company, the firm underwrites standard and non-standard personal lines insurance, including homeowners, dwelling fire, flood, and condominium policies. Heritage leverages a network of independent insurance agents to distribute its products across select regional markets, with an emphasis on serving property owners in areas prone to severe weather events.

Founded in 2011 and headquartered in Jupiter, Florida, Heritage Insurance has grown to become one of the leading providers of residential property insurance in the state.