17,517 Shares in Heritage Insurance Holdings, Inc. (NYSE:HRTG) Purchased by FJ Capital Management LLC

FJ Capital Management LLC purchased a new position in Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 17,517 shares of the insurance provider's stock, valued at approximately $212,000. FJ Capital Management LLC owned approximately 0.06% of Heritage Insurance at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HRTG. Exchange Traded Concepts LLC purchased a new position in shares of Heritage Insurance in the fourth quarter worth $296,000. Ieq Capital LLC purchased a new stake in Heritage Insurance in the 4th quarter worth $303,000. Raymond James Financial Inc. bought a new position in shares of Heritage Insurance during the 4th quarter valued at about $1,123,000. American Century Companies Inc. grew its position in shares of Heritage Insurance by 14.8% during the fourth quarter. American Century Companies Inc. now owns 589,899 shares of the insurance provider's stock valued at $7,138,000 after purchasing an additional 76,032 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in shares of Heritage Insurance by 323.8% during the fourth quarter. Prudential Financial Inc. now owns 93,975 shares of the insurance provider's stock valued at $1,137,000 after purchasing an additional 71,800 shares in the last quarter. 59.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HRTG shares. Truist Financial increased their price target on Heritage Insurance from $20.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday. StockNews.com downgraded Heritage Insurance from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, Piper Sandler boosted their price target on shares of Heritage Insurance from $19.00 to $28.00 and gave the stock an "overweight" rating in a research report on Thursday.

Heritage Insurance Trading Up 1.4 %

Shares of NYSE HRTG opened at $26.02 on Friday. Heritage Insurance Holdings, Inc. has a 1-year low of $6.14 and a 1-year high of $26.35. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.76 and a quick ratio of 0.76. The business's 50 day moving average is $16.24 and its two-hundred day moving average is $13.27. The stock has a market capitalization of $806.44 million, a P/E ratio of 10.41 and a beta of 0.95.

Heritage Insurance (NYSE:HRTG - Get Free Report) last released its earnings results on Tuesday, May 6th. The insurance provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.53. The firm had revenue of $211.52 million for the quarter, compared to the consensus estimate of $213.68 million. Heritage Insurance had a return on equity of 29.17% and a net margin of 9.10%. As a group, research analysts expect that Heritage Insurance Holdings, Inc. will post 1.86 EPS for the current year.

Insider Transactions at Heritage Insurance

In other Heritage Insurance news, CEO Ernie J. Garateix bought 5,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was acquired at an average cost of $12.77 per share, for a total transaction of $63,850.00. Following the completion of the transaction, the chief executive officer now owns 1,270,808 shares in the company, valued at $16,228,218.16. This trade represents a 0.40 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul L. Whiting purchased 10,000 shares of the business's stock in a transaction dated Friday, March 14th. The stock was bought at an average price of $13.35 per share, for a total transaction of $133,500.00. Following the completion of the acquisition, the director now owns 79,576 shares of the company's stock, valued at approximately $1,062,339.60. The trade was a 14.37 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 21,000 shares of company stock worth $280,450. 15.20% of the stock is currently owned by 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.

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