Heritage Insurance Holdings, Inc. (NYSE:HRTG) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd lessened its stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 19.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,479 shares of the insurance provider’s stock after selling 3,239 shares during the quarter. Quadrature Capital Ltd’s holdings in Heritage Insurance were worth $88,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new stake in shares of Heritage Insurance in the fourth quarter valued at approximately $40,000. Essex Investment Management Co. LLC grew its position in Heritage Insurance by 11.2% in the fourth quarter. Essex Investment Management Co. LLC now owns 372,076 shares of the insurance provider’s stock worth $2,426,000 after acquiring an additional 37,581 shares during the period. Victory Capital Management Inc. grew its position in Heritage Insurance by 13.0% in the fourth quarter. Victory Capital Management Inc. now owns 104,000 shares of the insurance provider’s stock worth $678,000 after acquiring an additional 12,000 shares during the period. Ritholtz Wealth Management grew its position in Heritage Insurance by 232.0% in the fourth quarter. Ritholtz Wealth Management now owns 34,097 shares of the insurance provider’s stock worth $222,000 after acquiring an additional 23,826 shares during the period. Finally, Legato Capital Management LLC grew its position in Heritage Insurance by 20.2% in the fourth quarter. Legato Capital Management LLC now owns 149,980 shares of the insurance provider’s stock worth $978,000 after acquiring an additional 25,155 shares during the period. Institutional investors and hedge funds own 59.03% of the company’s stock.

Insider Activity

In related news, CEO Ernie J. Garateix acquired 5,000 shares of Heritage Insurance stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average cost of $8.21 per share, for a total transaction of $41,050.00. Following the completion of the purchase, the chief executive officer now owns 1,067,584 shares in the company, valued at $8,764,864.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Ernie J. Garateix acquired 5,000 shares of Heritage Insurance stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average cost of $8.21 per share, for a total transaction of $41,050.00. Following the completion of the purchase, the chief executive officer now owns 1,067,584 shares in the company, valued at $8,764,864.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Nicholas George Pappas sold 6,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $8.56, for a total value of $51,360.00. Following the completion of the sale, the director now owns 75,400 shares in the company, valued at $645,424. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 60,000 shares of company stock worth $497,250. Corporate insiders own 14.00% of the company’s stock.

Heritage Insurance Trading Down 1.5 %

HRTG opened at $7.06 on Friday. Heritage Insurance Holdings, Inc. has a 52 week low of $3.75 and a 52 week high of $11.23. The business has a fifty day simple moving average of $8.43 and a 200-day simple moving average of $7.83. The firm has a market cap of $216.32 million, a P/E ratio of 4.30 and a beta of 0.93. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.52.

Heritage Insurance (NYSE:HRTG) last released its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $0.47 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.14). The firm had revenue of $191.30 million for the quarter, compared to analysts’ expectations of $189.05 million. Heritage Insurance had a return on equity of 24.02% and a net margin of 6.07%. During the same quarter in the prior year, the business earned $0.55 earnings per share. On average, equities analysts expect that Heritage Insurance Holdings, Inc. will post 1.45 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HRTG shares. JMP Securities reiterated a “market perform” rating on shares of Heritage Insurance in a research report on Monday, April 15th. Piper Sandler reiterated a “neutral” rating and issued a $9.00 price objective on shares of Heritage Insurance in a research report on Monday, April 1st. StockNews.com upgraded Heritage Insurance from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. Finally, Truist Financial raised their price target on Heritage Insurance from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.00.

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.