Heritage Insurance Holdings, Inc. (NYSE:HRTG) Stock Holdings Lifted by Invesco Ltd.

Invesco Ltd. boosted its holdings in Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) by 24.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 944,639 shares of the insurance provider's stock after buying an additional 182,624 shares during the period. Invesco Ltd. owned 3.08% of Heritage Insurance worth $11,430,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its stake in shares of 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 in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Heritage Insurance by 18.1% in the 4th quarter. Wells Fargo & Company MN now owns 13,419 shares of the insurance provider's stock valued at $162,000 after purchasing an additional 2,058 shares in the last quarter. Brandywine Global Investment Management LLC lifted its stake 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 purchasing an additional 2,210 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Heritage Insurance by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 66,874 shares of the insurance provider's stock valued at $809,000 after purchasing an additional 2,808 shares in the last quarter. Finally, Trexquant Investment LP lifted its stake in shares of Heritage Insurance by 3.0% in the 4th quarter. Trexquant Investment LP now owns 146,569 shares of the insurance provider's stock valued at $1,773,000 after purchasing an additional 4,224 shares in the last quarter. 59.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Heritage Insurance

In related news, CFO Kirk Lusk acquired 6,000 shares of Heritage Insurance stock in a transaction on Friday, March 14th. The shares were purchased at an average cost of $13.85 per share, for a total transaction of $83,100.00. Following the purchase, the chief financial officer now directly owns 618,756 shares of the company's stock, valued at $8,569,770.60. The trade was a 0.98 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul L. Whiting acquired 10,000 shares of Heritage Insurance stock in a transaction on Friday, March 14th. The shares were bought at an average price of $13.35 per share, for a total transaction of $133,500.00. Following the completion of the purchase, the director now directly owns 79,576 shares in the company, valued at $1,062,339.60. The trade was a 14.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 21,000 shares of company stock valued at $280,450 over the last ninety days. Corporate insiders own 14.00% of the company's stock.

Heritage Insurance Stock Up 0.4 %

Shares of NYSE:HRTG traded up $0.08 during mid-day trading on Monday, hitting $18.88. 436,024 shares of the company traded hands, compared to its average volume of 387,669. The firm has a market cap of $808.82 million, a P/E ratio of 7.55 and a beta of 0.93. 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 52-week low of $6.14 and a 52-week high of $19.93. The firm's 50 day simple moving average is $14.47 and its 200 day simple moving average is $12.63.

Heritage Insurance (NYSE:HRTG - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The insurance provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.83. The company had revenue of $210.26 million for the quarter, compared to the consensus estimate of $199.87 million. Heritage Insurance had a return on equity of 29.17% and a net margin of 9.10%. On average, equities analysts anticipate that Heritage Insurance Holdings, Inc. will post 1.86 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Heritage Insurance from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th.

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.