Ameriprise Financial Inc. Has $4.66 Million Stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Ameriprise Financial Inc. raised its stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) by 46.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 384,948 shares of the insurance provider's stock after purchasing an additional 121,518 shares during the quarter. Ameriprise Financial Inc. owned 1.25% of Heritage Insurance worth $4,658,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Heritage Insurance by 14.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,569,667 shares of the insurance provider's stock worth $18,993,000 after acquiring an additional 193,590 shares during the period. Vanguard Group Inc. lifted its stake in shares of Heritage Insurance by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 1,328,135 shares of the insurance provider's stock valued at $16,070,000 after purchasing an additional 9,452 shares during the last quarter. Invesco Ltd. boosted its stake in Heritage Insurance by 24.0% during the fourth quarter. Invesco Ltd. now owns 944,639 shares of the insurance provider's stock worth $11,430,000 after buying an additional 182,624 shares during the period. Pacific Ridge Capital Partners LLC grew its holdings in Heritage Insurance by 33.7% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 813,557 shares of the insurance provider's stock valued at $9,844,000 after purchasing an additional 205,195 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Heritage Insurance by 14.8% during the 4th quarter. American Century Companies Inc. now owns 589,899 shares of the insurance provider's stock worth $7,138,000 after acquiring an additional 76,032 shares during the last quarter. 59.03% of the stock is owned by institutional investors.

Heritage Insurance Price Performance

Shares of NYSE:HRTG traded up $0.70 on Friday, hitting $24.42. The company had a trading volume of 113,206 shares, compared to its average volume of 396,009. The company has a market cap of $756.97 million, a PE ratio of 9.77 and a beta of 0.95. Heritage Insurance Holdings, Inc. has a 52-week low of $6.14 and a 52-week high of $26.64. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average of $19.43 and a 200 day moving average of $14.53.

Heritage Insurance (NYSE:HRTG - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, topping 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 net margin of 9.10% and a return on equity of 29.17%. As a group, equities analysts anticipate that Heritage Insurance Holdings, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Activity at Heritage Insurance

In other news, Director Panagiotis Apostolou sold 25,000 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $25.40, for a total transaction of $635,000.00. Following the transaction, the director now owns 164,719 shares in the company, valued at approximately $4,183,862.60. The trade was a 13.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ernie J. Garateix bought 5,000 shares of the company's stock in a transaction dated Friday, March 14th. The stock was bought at an average cost of $12.77 per share, with a total value of $63,850.00. Following the completion of the acquisition, the chief executive officer now owns 1,270,808 shares in the company, valued at $16,228,218.16. This represents a 0.40% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 21,000 shares of company stock worth $280,450 over the last ninety days. 14.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HRTG has been the topic of several analyst reports. Truist Financial boosted their target price on shares of Heritage Insurance from $20.00 to $30.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Wall Street Zen upgraded Heritage Insurance from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Finally, Piper Sandler increased 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, May 8th.

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.