Marshall Wace LLP Sells 287,686 Shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Marshall Wace LLP lowered its position in Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) by 30.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 664,124 shares of the insurance provider's stock after selling 287,686 shares during the period. Marshall Wace LLP owned about 2.16% of Heritage Insurance worth $8,036,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New York State Common Retirement Fund raised its holdings in shares of 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 purchasing an additional 2,000 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Heritage Insurance in the fourth quarter valued at about $134,000. Brandywine Global Investment Management LLC raised its holdings 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 last quarter. US Bancorp DE raised its holdings in shares of Heritage Insurance by 91,671.4% in the fourth quarter. US Bancorp DE now owns 12,848 shares of the insurance provider's stock valued at $155,000 after purchasing an additional 12,834 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Heritage Insurance by 18.1% during 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 period. Hedge funds and other institutional investors own 59.03% of the company's stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, CEO Ernie J. Garateix acquired 5,000 shares of the business's stock in a transaction dated Friday, March 14th. The stock was bought at an average cost of $12.77 per share, for a total transaction of $63,850.00. Following the completion of the transaction, the chief executive officer now owns 1,270,808 shares of the company's stock, valued at $16,228,218.16. The trade was a 0.40 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul L. Whiting acquired 10,000 shares of Heritage Insurance stock in a transaction that occurred on Friday, March 14th. The shares were purchased at an average cost of $13.35 per share, with a total value of $133,500.00. Following the purchase, the director now owns 79,576 shares of the company's stock, valued at $1,062,339.60. This represents a 14.37 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 21,000 shares of company stock worth $280,450 over the last quarter. 14.00% of the stock is currently owned by company insiders.

Heritage Insurance Stock Performance

HRTG traded up $0.08 during 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 stock's fifty day moving average is $14.47 and its 200 day moving average is $12.63. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.42. Heritage Insurance Holdings, Inc. has a one year low of $6.14 and a one year high of $19.93.

Heritage Insurance (NYSE:HRTG - Get Free Report) last issued its earnings results on Tuesday, March 11th. The insurance provider reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of ($0.17) by $0.83. The firm had revenue of $210.26 million during the quarter, compared to analyst estimates of $199.87 million. Heritage Insurance had a net margin of 9.10% and a return on equity of 29.17%. As a group, equities analysts predict that Heritage Insurance Holdings, Inc. will post 1.86 EPS for the current fiscal year.

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.