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

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. New York State Common Retirement Fund raised its holdings 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 worth $35,000 after purchasing an additional 2,000 shares in the last quarter. Triumph Capital Management purchased a new stake in Heritage Insurance in the fourth quarter worth about $121,000. Cantor Fitzgerald L. P. purchased a new position in shares of Heritage Insurance during the fourth quarter valued at approximately $133,000. SG Americas Securities LLC bought a new stake in shares of Heritage Insurance in the 4th quarter worth approximately $134,000. Finally, Brandywine Global Investment Management LLC increased its position in Heritage Insurance by 21.7% during the 4th quarter. Brandywine Global Investment Management LLC now owns 12,400 shares of the insurance provider's stock valued at $150,000 after buying an additional 2,210 shares in the last quarter. 59.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have 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, May 13th. Piper Sandler increased their price objective on Heritage Insurance from $19.00 to $28.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Truist Financial upped their target price on shares of Heritage Insurance from $20.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, May 8th.

Insider Buying and Selling

In other Heritage Insurance news, Director Paul L. Whiting purchased 10,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average price of $13.35 per share, for a total transaction of $133,500.00. Following the purchase, the director now directly owns 79,576 shares in the company, valued at approximately $1,062,339.60. This trade represents a 14.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie J. Garateix bought 5,000 shares of Heritage Insurance stock in a transaction dated Friday, March 14th. The shares were acquired at an average cost of $12.77 per share, with a total value 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 ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 21,000 shares of company stock valued at $280,450. Insiders own 15.20% of the company's stock.

Heritage Insurance Price Performance

Shares of NYSE:HRTG traded down $0.62 during midday trading on Wednesday, reaching $24.13. 99,814 shares of the company were exchanged, compared to its average volume of 394,719. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42. The stock has a market cap of $747.71 million, a PE ratio of 9.65 and a beta of 0.95. The business's fifty day moving average is $18.06 and its two-hundred day moving average is $13.97. Heritage Insurance Holdings, Inc. has a one year low of $6.14 and a one year high of $26.64.

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 analysts' consensus estimates of $0.46 by $0.53. Heritage Insurance had a net margin of 9.10% and a return on equity of 29.17%. The firm had revenue of $211.52 million during the quarter, compared to analyst estimates of $213.68 million. As a group, analysts predict that Heritage Insurance Holdings, Inc. will post 1.86 earnings per share for the current 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.