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

Sherbrooke Park Advisers LLC cut its stake in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) by 54.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,190 shares of the insurance provider's stock after selling 21,971 shares during the quarter. Sherbrooke Park Advisers LLC owned approximately 0.06% of Heritage Insurance worth $220,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HRTG. New York State Common Retirement Fund grew its stake in shares of Heritage Insurance by 222.2% during the fourth quarter. New York State Common Retirement Fund now owns 2,900 shares of the insurance provider's stock worth $35,000 after purchasing an additional 2,000 shares in the last quarter. Triumph Capital Management purchased a new stake in Heritage Insurance during the 4th quarter worth about $121,000. Cantor Fitzgerald L. P. acquired a new position in shares of Heritage Insurance during the 4th quarter worth about $133,000. SG Americas Securities LLC acquired a new position in shares of Heritage Insurance during the 4th quarter worth about $134,000. Finally, Brandywine Global Investment Management LLC increased its holdings in shares of 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 acquiring an additional 2,210 shares during the last quarter. 59.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Heritage Insurance

In other Heritage Insurance news, CEO Ernie J. Garateix acquired 5,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were bought at an average cost 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 $16,228,218.16. This trade represents a 0.40% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Paul L. Whiting bought 10,000 shares of Heritage Insurance stock in a transaction dated Friday, March 14th. The stock was acquired at an average cost of $13.35 per share, with a total value of $133,500.00. Following the completion of the acquisition, the director now directly 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. Over the last quarter, insiders bought 21,000 shares of company stock worth $280,450. 15.20% of the stock is owned by insiders.

Heritage Insurance Stock Performance

Shares of HRTG stock traded up $0.49 during mid-day trading on Monday, hitting $23.43. 372,189 shares of the stock were exchanged, compared to its average volume of 398,293. The stock's fifty day simple moving average is $18.65 and its two-hundred day simple moving average is $14.25. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.76 and a current ratio of 0.76. Heritage Insurance Holdings, Inc. has a 12-month low of $6.14 and a 12-month high of $26.64. The stock has a market capitalization of $726.10 million, a price-to-earnings ratio of 9.37 and a beta of 0.95.

Heritage Insurance (NYSE:HRTG - Get Free Report) last posted 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 business had revenue of $211.52 million during 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%. On average, analysts forecast that Heritage Insurance Holdings, Inc. will post 1.86 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HRTG shares. Wall Street Zen upgraded Heritage Insurance from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Piper Sandler raised their price objective on shares of Heritage Insurance from $19.00 to $28.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Truist Financial boosted their price objective on shares of Heritage Insurance from $20.00 to $30.00 and gave the stock a "buy" 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.