Nuveen Asset Management LLC Sells 23,880 Shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Nuveen Asset Management LLC trimmed its holdings in Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) by 18.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 107,270 shares of the insurance provider's stock after selling 23,880 shares during the period. Nuveen Asset Management LLC owned about 0.35% of Heritage Insurance worth $1,298,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Stifel Financial Corp boosted its holdings in shares of Heritage Insurance by 3.0% in the 4th quarter. Stifel Financial Corp now owns 56,825 shares of the insurance provider's stock valued at $688,000 after buying an additional 1,640 shares during the last quarter. New York State Common Retirement Fund raised its stake in Heritage Insurance by 222.2% in the fourth quarter. New York State Common Retirement Fund now owns 2,900 shares of the insurance provider's stock valued at $35,000 after buying an additional 2,000 shares during the period. Wells Fargo & Company MN lifted its position in shares of Heritage Insurance by 18.1% in the fourth quarter. Wells Fargo & Company MN now owns 13,419 shares of the insurance provider's stock valued at $162,000 after buying an additional 2,058 shares during the last quarter. Brandywine Global Investment Management LLC raised its position in shares of Heritage Insurance by 21.7% in the fourth 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 period. Finally, Bridgeway Capital Management LLC lifted its position in Heritage Insurance by 0.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 366,595 shares of the insurance provider's stock worth $4,436,000 after acquiring an additional 2,479 shares during the last quarter. 59.03% of the stock is owned by institutional investors and hedge funds.

Heritage Insurance Price Performance

Shares of NYSE HRTG traded up $0.73 during mid-day trading on Friday, reaching $25.03. The company had a trading volume of 379,679 shares, compared to its average volume of 400,822. The firm has a market cap of $775.75 million, a price-to-earnings ratio of 10.01 and a beta of 0.95. The business's 50-day simple moving average is $20.48 and its 200 day simple moving average is $14.97. Heritage Insurance Holdings, Inc. has a one year low of $6.14 and a one year high of $26.64. 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 (NYSE:HRTG - Get Free Report) last released its 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. 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%. On average, research analysts predict that Heritage Insurance Holdings, Inc. will post 1.86 earnings per share for the current fiscal year.

Insider Activity at Heritage Insurance

In related news, Director Panagiotis Apostolou sold 25,000 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $25.40, for a total value of $635,000.00. Following the completion of the sale, the director now directly owns 164,719 shares of the company's stock, valued at $4,183,862.60. The trade was a 13.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ernie J. Garateix purchased 5,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were purchased 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 disclosure for this purchase can be found here. Insiders have bought 21,000 shares of company stock valued at $280,450 over the last three months. 15.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HRTG has been the topic of a number of recent research reports. Piper Sandler increased their target price on Heritage Insurance from $19.00 to $28.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Wall Street Zen upgraded shares of Heritage Insurance from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Finally, Truist Financial lifted their price target on shares of Heritage Insurance from $20.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, May 8th.

Heritage Insurance 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.