AQR Capital Management LLC Purchases 155,358 Shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG)

AQR Capital Management LLC grew its stake in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) by 49.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 468,860 shares of the insurance provider's stock after buying an additional 155,358 shares during the period. AQR Capital Management LLC owned approximately 1.53% of Heritage Insurance worth $5,673,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund grew its stake in shares of Heritage Insurance by 222.2% in the 4th quarter. New York State Common Retirement Fund now owns 2,900 shares of the insurance provider's stock valued at $35,000 after purchasing an additional 2,000 shares during the period. SG Americas Securities LLC bought a new stake in Heritage Insurance in the fourth quarter valued at $134,000. Brandywine Global Investment Management LLC raised its stake in Heritage Insurance by 21.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 12,400 shares of the insurance provider's stock worth $150,000 after acquiring an additional 2,210 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of Heritage Insurance during the fourth quarter valued at $150,000. Finally, US Bancorp DE boosted its stake in shares of Heritage Insurance by 91,671.4% in the 4th quarter. US Bancorp DE now owns 12,848 shares of the insurance provider's stock valued at $155,000 after purchasing an additional 12,834 shares in the last quarter. 59.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Kirk Lusk acquired 6,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was acquired at an average price of $13.85 per share, with a total value of $83,100.00. Following the completion of the transaction, the chief financial officer now directly owns 618,756 shares of the company's stock, valued at $8,569,770.60. This trade represents a 0.98 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul L. Whiting purchased 10,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was acquired at an average price of $13.35 per share, for a total transaction of $133,500.00. Following the purchase, the director now owns 79,576 shares in the company, 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. Over the last 90 days, insiders acquired 21,000 shares of company stock worth $280,450. Company insiders own 15.20% of the company's stock.

Wall Street Analyst Weigh In

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

Heritage Insurance Trading Up 1.4 %

HRTG traded up $0.36 during mid-day trading on Friday, hitting $26.02. The stock had a trading volume of 719,217 shares, compared to its average volume of 386,473. Heritage Insurance Holdings, Inc. has a 1-year low of $6.14 and a 1-year high of $26.35. The firm has a market capitalization of $806.44 million, a price-to-earnings ratio of 10.41 and a beta of 0.95. 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 stock's fifty day simple moving average is $16.24 and its 200-day simple moving average is $13.29.

Heritage Insurance (NYSE:HRTG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.53. The firm had revenue of $211.52 million for the quarter, compared to analyst estimates of $213.68 million. Heritage Insurance had a net margin of 9.10% and a return on equity of 29.17%. As a group, research analysts forecast 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.