Heritage Insurance Holdings, Inc. (NYSE:HRTG) Shares Sold by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC lowered its position in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) by 54.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,190 shares of the insurance provider's stock after selling 21,971 shares during the period. Sherbrooke Park Advisers LLC owned approximately 0.06% of Heritage Insurance worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in HRTG. New York State Common Retirement Fund increased its holdings in 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 last quarter. Triumph Capital Management acquired a new stake in Heritage Insurance in the 4th quarter valued at approximately $121,000. Cantor Fitzgerald L. P. acquired a new stake in Heritage Insurance in the 4th quarter valued at approximately $133,000. SG Americas Securities LLC acquired a new stake in Heritage Insurance in the 4th quarter valued at approximately $134,000. Finally, Brandywine Global Investment Management LLC increased its holdings in Heritage Insurance by 21.7% in the 4th quarter. Brandywine Global Investment Management LLC now owns 12,400 shares of the insurance provider's stock valued at $150,000 after purchasing an additional 2,210 shares during the last quarter. Institutional investors and hedge funds own 59.03% of the company's stock.

Heritage Insurance Stock Performance

Shares of HRTG stock opened at $24.61 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.42. Heritage Insurance Holdings, Inc. has a 52 week low of $6.14 and a 52 week high of $26.64. The stock has a market capitalization of $762.74 million, a PE ratio of 9.84 and a beta of 0.95. The firm has a 50 day moving average of $18.06 and a two-hundred day moving average of $13.97.

Heritage Insurance (NYSE:HRTG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.46 by $0.53. Heritage Insurance had a net margin of 9.10% and a return on equity of 29.17%. The company had revenue of $211.52 million during the quarter, compared to analysts' expectations of $213.68 million. On average, research analysts predict that Heritage Insurance Holdings, Inc. will post 1.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on HRTG shares. Truist Financial lifted their target price on shares of Heritage Insurance from $20.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, May 8th. StockNews.com upgraded shares of Heritage Insurance from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Finally, Piper Sandler lifted their target price on shares of Heritage Insurance from $19.00 to $28.00 and gave the company an "overweight" rating in a report on Thursday, May 8th.

Insider Buying and Selling at Heritage Insurance

In other news, CEO Ernie J. Garateix bought 5,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average price of $12.77 per share, for a total transaction of $63,850.00. Following the completion of the purchase, the chief executive officer now owns 1,270,808 shares in the company, valued at approximately $16,228,218.16. This trade represents a 0.40% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kirk Lusk bought 6,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were purchased at an average price of $13.85 per share, with a total value of $83,100.00. Following the purchase, the chief financial officer now owns 618,756 shares of the company's stock, valued at approximately $8,569,770.60. This represents a 0.98% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 21,000 shares of company stock valued at $280,450 in the last 90 days. Company insiders own 15.20% of the company's stock.

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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