10,532 Shares in Heritage Insurance Holdings, Inc. $HRTG Purchased by Savant Capital LLC

Savant Capital LLC purchased a new stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG) during the second quarter, HoldingsChannel.com reports. The firm purchased 10,532 shares of the insurance provider’s stock, valued at approximately $263,000.

Several other hedge funds have also recently bought and sold shares of HRTG. USA Financial Formulas bought a new stake in shares of Heritage Insurance during the second quarter worth approximately $25,000. Nisa Investment Advisors LLC increased its stake in shares of Heritage Insurance by 2,413.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,106 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 1,062 shares during the period. AlphaQuest LLC increased its stake in shares of Heritage Insurance by 252.3% during the second 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. Strs Ohio acquired a new stake in Heritage Insurance during the 1st quarter worth approximately $127,000. Finally, Quantbot Technologies LP bought a new stake in Heritage Insurance in the 1st quarter valued at $141,000. 59.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Truist Financial increased 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 upgraded shares of Heritage Insurance from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Wall Street Zen lowered shares of Heritage Insurance from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings upgraded shares of Heritage Insurance from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $32.50.

Heritage Insurance Price Performance

HRTG stock opened at $29.10 on Wednesday. The company’s 50-day moving average price is $25.48 and its two-hundred day moving average price is $23.72. The firm has a market cap of $899.48 million, a P/E ratio of 6.02 and a beta of 0.95. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.18. Heritage Insurance Holdings, Inc. has a 12 month low of $9.89 and a 12 month high of $31.98.

Heritage Insurance (NYSE:HRTG) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $1.10. The company had revenue of $212.46 million during 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%. On average, analysts anticipate that Heritage Insurance Holdings, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Buying and Selling at Heritage Insurance

In related news, CEO Ernie J. Garateix sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $30.39, for a total transaction of $151,950.00. Following the completion of the sale, the chief executive officer directly owned 1,209,140 shares in the company, valued at $36,745,764.60. This represents a 0.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard A. Widdicombe sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $27.26, for a total value of $2,726,000.00. Following the completion of the sale, the chairman directly owned 499,047 shares in the company, valued at $13,604,021.22. This trade represents a 16.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 337,668 shares of company stock valued at $8,590,091. 14.00% of the stock is currently owned by corporate insiders.

Heritage Insurance Company 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.