Russell Investments Group Ltd. Has $247,000 Stock Holdings in Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Russell Investments Group Ltd. lessened its holdings in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) by 43.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,430 shares of the insurance provider's stock after selling 15,958 shares during the quarter. Russell Investments Group Ltd. owned about 0.07% of Heritage Insurance worth $247,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. New York State Common Retirement Fund raised its position in 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 worth $35,000 after purchasing an additional 2,000 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Heritage Insurance during the fourth quarter worth about $134,000. Brandywine Global Investment Management LLC lifted its stake in shares of Heritage Insurance by 21.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 12,400 shares of the insurance provider's stock worth $150,000 after buying an additional 2,210 shares during the period. US Bancorp DE increased its holdings in Heritage Insurance by 91,671.4% in the 4th quarter. US Bancorp DE now owns 12,848 shares of the insurance provider's stock worth $155,000 after buying an additional 12,834 shares during the period. Finally, Wells Fargo & Company MN boosted its stake 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 worth $162,000 after buying an additional 2,058 shares during the last quarter. Institutional investors own 59.03% of the company's stock.

Analyst Ratings Changes

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

Insider Activity at Heritage Insurance

In related news, Director Paul L. Whiting bought 10,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was bought at an average cost of $13.35 per share, for a total transaction of $133,500.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kirk Lusk bought 6,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were bought at an average price of $13.85 per share, for a total transaction of $83,100.00. Following the completion of the acquisition, the chief financial officer now directly owns 618,756 shares in the company, valued at approximately $8,569,770.60. This trade represents a 0.98 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 21,000 shares of company stock worth $280,450 in the last quarter. 14.00% of the stock is owned by company insiders.

Heritage Insurance Price Performance

Heritage Insurance stock traded down $0.23 during mid-day trading on Wednesday, reaching $18.90. The company had a trading volume of 327,147 shares, compared to its average volume of 387,580. The company has a market capitalization of $809.68 million, a P/E ratio of 7.56 and a beta of 0.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.76 and a quick ratio of 0.76. Heritage Insurance Holdings, Inc. has a 1 year low of $6.14 and a 1 year high of $19.93. The stock's 50-day simple moving average is $14.77 and its 200-day simple moving average is $12.71.

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 for the quarter, beating analysts' consensus estimates of ($0.17) by $0.83. The company had revenue of $210.26 million during the quarter, compared to analysts' expectations of $199.87 million. Heritage Insurance had a net margin of 9.10% and a return on equity of 29.17%. On average, equities analysts predict that Heritage Insurance Holdings, Inc. will post 1.86 EPS 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.