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

Savant Capital LLC acquired a new stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 10,532 shares of the insurance provider’s stock, valued at approximately $263,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors acquired a new stake in shares of Heritage Insurance in the 1st quarter valued at about $1,727,000. AQR Capital Management LLC grew its holdings in shares of Heritage Insurance by 8.6% during the first quarter. AQR Capital Management LLC now owns 509,080 shares of the insurance provider’s stock worth $7,341,000 after buying an additional 40,220 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Heritage Insurance by 8.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 485,631 shares of the insurance provider’s stock valued at $7,003,000 after buying an additional 37,763 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Heritage Insurance in the 1st quarter valued at approximately $751,000. Finally, Kingsview Wealth Management LLC bought a new stake in Heritage Insurance in the 1st quarter valued at approximately $228,000. 59.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Ernie J. Garateix sold 25,000 shares of Heritage Insurance stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $24.61, for a total transaction of $615,250.00. Following the completion of the transaction, the chief executive officer directly owned 1,245,808 shares in the company, valued at approximately $30,659,334.88. The trade was a 1.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Richard A. Widdicombe sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $27.26, for a total value of $2,726,000.00. Following the transaction, the chairman directly owned 499,047 shares in the company, valued at $13,604,021.22. The trade was a 16.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 337,668 shares of company stock worth $8,590,091. Company insiders own 14.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

Heritage Insurance Price Performance

NYSE:HRTG opened at $29.10 on Wednesday. The stock has a market capitalization of $899.48 million, a PE ratio of 6.02 and a beta of 0.95. Heritage Insurance Holdings, Inc. has a 1-year low of $9.89 and a 1-year high of $31.98. The firm has a fifty day simple moving average of $25.48 and a 200 day simple moving average of $23.72. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.18.

Heritage Insurance (NYSE:HRTG) last announced its quarterly 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. Heritage Insurance had a net margin of 17.72% and a return on equity of 41.44%. The firm had revenue of $212.46 million during the quarter, compared to analysts’ expectations of $210.12 million. On average, research analysts expect that Heritage Insurance Holdings, Inc. will post 1.86 EPS for the current fiscal year.

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.