AQR Capital Management LLC Has $7.34 Million Holdings in Heritage Insurance Holdings, Inc. $HRTG

Key Points

• AQR Capital Management LLC has increased its holdings in Heritage Insurance Holdings, Inc. by 8.6% during the first quarter, owning approximately 1.64% of the company after purchasing an additional 40,220 shares.
• Heritage Insurance reported an earnings per share (EPS) of $1.55 for the last quarter, exceeding analysts' expectations of $1.03, and has a consensus target price of $29.00 according to recent analyst ratings.
• Shares of Heritage Insurance opened at $23.88 and have seen significant volatility over the past year, ranging from a low of $8.70 to a high of $26.64.

AQR Capital Management LLC increased its stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) by 8.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 509,080 shares of the insurance provider's stock after purchasing an additional 40,220 shares during the period. AQR Capital Management LLC owned approximately 1.64% of Heritage Insurance worth $7,341,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its position in Heritage Insurance by 8,472.2% during the first quarter. GAMMA Investing LLC now owns 3,086 shares of the insurance provider's stock worth $450,000 after purchasing an additional 3,050 shares during the period. Quantbot Technologies LP acquired a new position in shares of Heritage Insurance in the 1st quarter valued at approximately $141,000. CWM LLC lifted its holdings in shares of Heritage Insurance by 83.7% during the 1st quarter. CWM LLC now owns 9,951 shares of the insurance provider's stock worth $143,000 after acquiring an additional 4,535 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Heritage Insurance during the 1st quarter worth approximately $144,000. Finally, Triumph Capital Management bought a new position in Heritage Insurance in the fourth quarter valued at approximately $121,000. Institutional investors and hedge funds own 59.03% of the company's stock.

Wall Street Analysts Forecast Growth

HRTG has been the subject of several recent analyst reports. Zacks Research upgraded Heritage Insurance to a "strong-buy" rating in a research note on Monday, August 11th. Wall Street Zen downgraded Heritage Insurance from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $29.00.

Insider Buying and Selling

In other Heritage Insurance news, Director Paul L. Whiting purchased 2,500 shares of the firm's stock in a transaction on Friday, August 8th. The stock was purchased at an average cost of $20.50 per share, for a total transaction of $51,250.00. Following the transaction, the director owned 87,126 shares in the company, valued at $1,786,083. The trade was a 2.95% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Sharon Binnun sold 21,000 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $24.47, for a total transaction of $513,870.00. Following the transaction, the chief accounting officer directly owned 176,006 shares of the company's stock, valued at $4,306,866.82. The trade was a 10.66% decrease in their position. The disclosure for this sale can be found here. 15.20% of the stock is owned by company insiders.

Heritage Insurance Price Performance

Shares of NYSE HRTG traded up $0.71 during mid-day trading on Friday, hitting $24.59. 313,630 shares of the stock traded hands, compared to its average volume of 305,514. The company has a market cap of $762.69 million, a PE ratio of 7.09 and a beta of 1.05. Heritage Insurance Holdings, Inc. has a twelve month low of $8.70 and a twelve month high of $26.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a 50 day simple moving average of $22.03 and a two-hundred day simple moving average of $20.25.

Heritage Insurance (NYSE:HRTG - Get Free Report) last issued its earnings results on Tuesday, August 5th. The insurance provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.52. Heritage Insurance had a return on equity of 33.36% and a net margin of 12.71%.The business had revenue of $208.04 million during the quarter, compared to analysts' expectations of $212.12 million. As a group, equities 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.