Heritage Insurance Holdings, Inc. (NYSE:HRTG) Shares Purchased by Graham Capital Management L.P.

Graham Capital Management L.P. raised its holdings in Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) by 213.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,674 shares of the insurance provider's stock after purchasing an additional 30,434 shares during the period. Graham Capital Management L.P. owned about 0.15% of Heritage Insurance worth $541,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HRTG. Exchange Traded Concepts LLC acquired a new position in shares of Heritage Insurance during the fourth quarter valued at approximately $296,000. Ieq Capital LLC acquired a new position in shares of Heritage Insurance in the 4th quarter valued at $303,000. Raymond James Financial Inc. acquired a new stake in shares of Heritage Insurance during the fourth quarter valued at about $1,123,000. American Century Companies Inc. increased its holdings in Heritage Insurance by 14.8% in the 4th quarter. American Century Companies Inc. now owns 589,899 shares of the insurance provider's stock valued at $7,138,000 after purchasing an additional 76,032 shares during the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of Heritage Insurance by 323.8% in the 4th quarter. Prudential Financial Inc. now owns 93,975 shares of the insurance provider's stock valued at $1,137,000 after buying an additional 71,800 shares during the period. Institutional investors and hedge funds own 59.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HRTG. StockNews.com upgraded shares of Heritage Insurance from a "buy" rating to a "strong-buy" rating in a research note on Tuesday. Piper Sandler upped 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. Finally, Truist Financial lifted their price objective 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.

Insider Activity

In other news, Director Paul L. Whiting bought 10,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was acquired at an average price of $13.35 per share, for a total transaction of $133,500.00. Following the acquisition, the director now owns 79,576 shares of the company's stock, valued at $1,062,339.60. This trade represents a 14.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Panagiotis Apostolou sold 25,000 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $25.40, for a total transaction 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 disclosure for this sale can be found here. Insiders purchased a total of 21,000 shares of company stock valued at $280,450 in the last 90 days. 15.20% of the stock is currently owned by insiders.

Heritage Insurance Trading Up 1.8%

Shares of HRTG opened at $23.98 on Friday. Heritage Insurance Holdings, Inc. has a twelve month low of $6.14 and a twelve month high of $26.64. The firm has a market capitalization of $743.21 million, a P/E ratio of 9.59 and a beta of 0.95. The firm's 50-day moving average is $17.30 and its two-hundred day moving average is $13.65. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42.

Heritage Insurance (NYSE:HRTG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.53. The business had revenue of $211.52 million for 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, research analysts predict that Heritage Insurance Holdings, Inc. will post 1.86 earnings per share 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.

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