95,379 Shares in Heritage Insurance Holdings, Inc. (NYSE:HRTG) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 95,379 shares of the insurance provider's stock, valued at approximately $1,154,000. Susquehanna Fundamental Investments LLC owned 0.31% of Heritage Insurance at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp lifted its holdings in Heritage Insurance by 3.0% during the fourth quarter. Stifel Financial Corp now owns 56,825 shares of the insurance provider's stock valued at $688,000 after purchasing an additional 1,640 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Heritage Insurance by 14.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,569,667 shares of the insurance provider's stock valued at $18,993,000 after purchasing an additional 193,590 shares during the period. Walleye Capital LLC bought a new stake in shares of Heritage Insurance in the fourth quarter valued at approximately $191,000. Mariner LLC purchased a new stake in shares of Heritage Insurance during the 4th quarter valued at approximately $338,000. Finally, Barclays PLC boosted its holdings in Heritage Insurance by 10.6% in the 4th quarter. Barclays PLC now owns 45,505 shares of the insurance provider's stock worth $551,000 after buying an additional 4,370 shares during the period. Hedge funds and other institutional investors own 59.03% of the company's stock.

Wall Street Analyst Weigh In

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

Heritage Insurance Price Performance

Shares of HRTG traded up $3.67 during midday trading on Wednesday, hitting $23.50. 631,535 shares of the company traded hands, compared to its average volume of 380,203. Heritage Insurance Holdings, Inc. has a one year low of $6.14 and a one year high of $23.72. The firm has a market cap of $728.40 million, a P/E ratio of 9.36 and a beta of 0.95. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a 50-day moving average of $15.42 and a 200-day moving average of $12.98.

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 (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.53. The business had revenue of $211.52 million for the quarter, compared to analysts' expectations of $213.68 million. Heritage Insurance had a net margin of 9.10% and a return on equity of 29.17%. As a group, sell-side analysts predict that Heritage Insurance Holdings, Inc. will post 1.86 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Paul L. Whiting acquired 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average cost of $13.35 per share, for a total transaction of $133,500.00. Following the completion of the transaction, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie J. Garateix bought 5,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were bought at an average price of $12.77 per share, with a total value 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 disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 21,000 shares of company stock worth $280,450. Corporate insiders own 14.00% of the company's stock.

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.