TheStreet cut shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) from a b- rating to a c rating in a report issued on Friday morning.

Several other brokerages have also recently issued reports on HRTG. Zacks Investment Research upgraded Heritage Insurance Holdings from a sell rating to a hold rating in a research note on Tuesday, July 4th. Keefe, Bruyette & Woods restated a buy rating and issued a $17.00 price objective on shares of Heritage Insurance Holdings in a research note on Friday, June 2nd. Finally, Citigroup Inc. restated a buy rating and issued a $16.00 price objective (down from $17.00) on shares of Heritage Insurance Holdings in a research note on Friday, April 7th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Heritage Insurance Holdings has a consensus rating of Buy and an average target price of $16.33.

Heritage Insurance Holdings (NYSE:HRTG) traded up 0.56% during midday trading on Friday, hitting $12.61. The company’s stock had a trading volume of 3,703 shares. Heritage Insurance Holdings has a one year low of $11.25 and a one year high of $16.48. The company has a market cap of $374.52 million, a price-to-earnings ratio of 11.37 and a beta of 1.29. The company’s 50-day moving average is $12.64 and its 200 day moving average is $13.13.

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Several hedge funds and other institutional investors have recently made changes to their positions in HRTG. Virginia Retirement Systems ET AL boosted its position in shares of Heritage Insurance Holdings by 39.4% in the first quarter. Virginia Retirement Systems ET AL now owns 36,800 shares of the insurance provider’s stock valued at $470,000 after buying an additional 10,400 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Heritage Insurance Holdings by 17.1% in the first quarter. Ameriprise Financial Inc. now owns 834,012 shares of the insurance provider’s stock valued at $10,650,000 after buying an additional 121,990 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Heritage Insurance Holdings by 69.1% in the first quarter. UBS Asset Management Americas Inc. now owns 18,600 shares of the insurance provider’s stock valued at $238,000 after buying an additional 7,600 shares during the last quarter. Swiss National Bank boosted its position in shares of Heritage Insurance Holdings by 8.0% in the first quarter. Swiss National Bank now owns 44,300 shares of the insurance provider’s stock valued at $566,000 after buying an additional 3,300 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Heritage Insurance Holdings by 8.8% in the first quarter. Bank of New York Mellon Corp now owns 194,527 shares of the insurance provider’s stock valued at $2,484,000 after buying an additional 15,789 shares during the last quarter. Hedge funds and other institutional investors own 57.62% of the company’s stock.

Heritage Insurance Holdings Company Profile

Heritage Insurance Holdings, Inc (Heritage Insurance) is a property and casualty insurance holding company. The Company provides personal and commercial residential insurance. Through its subsidiary, Heritage Property & Casualty Insurance Company (Heritage P&C), it provides personal residential insurance for single-family homeowners and condominium owners, rental property insurance and commercial residential insurance in the state of Florida and North Carolina.

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