Royce & Associates LP owns $1.14 million in shares of Heritage Insurance Holdings, Inc. (NYSE: HRTG)


Royce & Associates LP reduced its stake in Heritage Insurance Holdings, Inc. (NYSE: HRTG – Get Rating) by 56.5% in the first quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission. The company held 159,610 shares of the insurance provider after selling 207,493 shares during the quarter. Royce & Associates LP owned approximately 0.60% of Heritage Insurance worth $1,140,000 when it last filed with the SEC.

A number of other large investors also bought and sold shares of HRTG. Belpointe Asset Management LLC increased its holdings of Heritage Insurance shares by 100.2% during the first quarter. Belpointe Asset Management LLC now owns 47,304 shares of the insurance provider valued at $338,000 after purchasing an additional 23,681 shares in the last quarter. First Quadrant LLC CA acquired a new position in shares of Heritage Insurance during the first quarter worth approximately $44,000. PDT Partners LLC acquired a new position in shares of Heritage Insurance during the fourth quarter worth approximately $70,000. Pacific Ridge Capital Partners LLC increased its holdings of Heritage Insurance shares by 15.5% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 834,956 shares of the insurance provider valued at $4,910,000 after purchasing an additional 112,331 shares in the last quarter. Finally, Connor Clark & ​​Lunn Investment Management Ltd. increased its holdings of Heritage Insurance shares by 12.3% during the fourth quarter. Connor Clark & ​​Lunn Investment Management Ltd. now owns 30,155 shares of the insurance provider valued at $177,000 after buying an additional 3,304 shares in the last quarter. 59.33% of the shares are currently held by institutional investors and hedge funds.

Wall Street analysts predict growth

HRTG has been the subject of several analyst reports. StockNews.com moved Heritage Insurance shares from a “buy” rating to a “hold” rating in a Thursday, May 19 report. Piper Sandler lowered her price target on Heritage Insurance shares to $6.00 in a Thursday, June 9 research report. TheStreet downgraded shares of Heritage Insurance from a ‘c-‘ rating to a ‘d+’ rating in a Tuesday, May 3 research report. Finally, JMP Securities lowered its price target on Heritage Insurance shares from $10.00 to $8.00 and set a “market outperformance” rating on the stock in a Monday, July 18 research report. .

Wealth insurance stock up 44.0%

HRTG opened at $3.50 on Friday. The company has a debt ratio of 0.44, a current ratio of 0.62 and a quick ratio of 0.62. The company’s 50-day moving average is $2.95 and its 200-day moving average is $4.64. Heritage Insurance Holdings, Inc. has a fifty-two-week low of $2.26 and a fifty-two-week high of $7.56. The company has a market capitalization of $92.65 million, a P/E ratio of -0.95 and a beta of 0.88.

Heritage Insurance (NYSE:HRTG – Get Rating) last reported quarterly earnings data on Thursday, May 5. The insurance provider reported ($1.15) EPS for the quarter, missing the consensus estimate of ($0.65) by ($0.50). The company posted revenue of $158.61 million in the quarter, versus a consensus estimate of $153.74 million. Heritage Insurance had a negative return on equity of 10.95% and a negative net margin of 15.61%. During the same period of the previous year, the company posted EPS ($0.19). Research analysts expect Heritage Insurance Holdings, Inc. to post -1.5 earnings per share for the current fiscal year.

Insiders place their bets

Separately, CFO Kirk Lusk acquired 10,000 shares in a trade on Thursday, June 30. The shares were acquired at an average price of $2.61 per share, with a total value of $26,100.00. Following the completion of the transaction, the CFO now owns 233,736 shares of the company, valued at approximately $610,050.96. The purchase was disclosed in a document filed with the SEC, accessible via this hyperlink. Insiders hold 8.50% of the shares of the company.

Legacy Insurance Profile

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Heritage Insurance Holdings, Inc., through its subsidiaries, offers personal and commercial home insurance products. The company offers personal residential property insurance for single family homeowners and condominium owners, as well as rental property insurance in the states of 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 residential property and personal wind insurance.

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Want to see which other hedge funds hold HRTG? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Heritage Insurance Holdings, Inc. (NYSE:HRTG – Get Rating).

Institutional ownership by quarter for Heritage Insurance (NYSE: HRTG)



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