Susquehanna Fundamental Investments LLC Invests $1.15 Million in Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Susquehanna Fundamental Investments LLC bought a new stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 95,379 shares of the insurance provider's stock, valued at approximately $1,154,000. Susquehanna Fundamental Investments LLC owned approximately 0.31% of Heritage Insurance at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. New York State Common Retirement Fund grew its holdings in shares of Heritage Insurance by 222.2% during 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 buying an additional 2,000 shares during the last quarter. SG Americas Securities LLC bought a new stake in Heritage Insurance during the 4th quarter worth approximately $134,000. Brandywine Global Investment Management LLC increased its holdings 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 worth $150,000 after purchasing an additional 2,210 shares in the last quarter. US Bancorp DE raised its stake 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 worth $155,000 after purchasing an additional 12,834 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings 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 valued at $162,000 after purchasing an additional 2,058 shares in the last quarter. Institutional investors own 59.03% of the company's stock.

Insider Buying and Selling at Heritage Insurance

In other news, Director Paul L. Whiting acquired 10,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were acquired 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 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ernie J. Garateix bought 5,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was purchased at an average cost of $12.77 per share, with a total value of $63,850.00. Following the completion of the transaction, the chief executive officer now directly owns 1,270,808 shares of the company's stock, valued at approximately $16,228,218.16. The trade was a 0.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 21,000 shares of company stock worth $280,450 in the last quarter. 14.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Heritage Insurance Trading Down 0.1 %

Shares of HRTG stock opened at $18.88 on Friday. Heritage Insurance Holdings, Inc. has a 52-week low of $6.14 and a 52-week high of $19.93. The company has a 50-day simple moving average of $14.93 and a two-hundred day simple moving average of $12.77. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $808.78 million, a price-to-earnings ratio of 7.55 and a beta of 0.93.

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