Quadrature Capital Ltd Sells 3,239 Shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Quadrature Capital Ltd decreased its position in Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 19.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new stake in shares of Heritage Insurance in the fourth quarter worth $40,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Heritage Insurance in the third quarter worth $172,000. Ritholtz Wealth Management grew its stake in shares of 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 last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Heritage Insurance by 20.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 93,791 shares of the insurance provider’s stock worth $609,000 after acquiring an additional 15,776 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of 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 last quarter. Institutional investors own 59.03% of the company’s stock.

Analyst Ratings Changes

HRTG has been the topic of a number of recent research reports. Piper Sandler reissued a “neutral” rating and issued a $9.00 target price on shares of Heritage Insurance in a research note on Monday, April 1st. Truist Financial increased their price objective on Heritage Insurance from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. JMP Securities reaffirmed a “market perform” rating on shares of Heritage Insurance in a research report on Monday, April 15th. Finally, StockNews.com raised Heritage Insurance from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Heritage Insurance presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.00.

Insider Buying and Selling at Heritage Insurance

In other news, Director Nicholas George Pappas sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $8.56, for a total value of $51,360.00. Following the transaction, the director now owns 75,400 shares of the company’s stock, valued at $645,424. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Nicholas George Pappas sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $8.56, for a total value of $51,360.00. Following the transaction, the director now owns 75,400 shares of the company’s stock, valued at $645,424. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul L. Whiting acquired 50,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was bought at an average cost of $8.35 per share, for a total transaction of $417,500.00. Following the purchase, the director now directly owns 59,662 shares of the company’s stock, valued at $498,177.70. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 60,000 shares of company stock valued at $497,250. 14.00% of the stock is owned by company insiders.

Heritage Insurance Stock Down 1.5 %

HRTG stock opened at $7.06 on Friday. Heritage Insurance Holdings, Inc. has a fifty-two week low of $3.75 and a fifty-two week high of $11.23. The business’s 50-day moving average is $8.43 and its two-hundred day moving average is $7.83. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $216.32 million, a price-to-earnings ratio of 4.30 and a beta of 0.93.

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

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.