Heritage Insurance Holdings, Inc. (NYSE:HRTG) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Wednesday.

A number of other equities research analysts have also commented on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and set a $17.00 price objective on shares of Heritage Insurance Holdings in a report on Friday, June 2nd. Zacks Investment Research raised shares of Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, TheStreet raised shares of Heritage Insurance Holdings from a “c” rating to a “b-” rating in a report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Heritage Insurance Holdings currently has a consensus rating of “Hold” and a consensus price target of $16.33.

Heritage Insurance Holdings (NYSE HRTG) traded up 4.59% during mid-day trading on Wednesday, hitting $13.44. 51,348 shares of the company’s stock were exchanged. The stock has a market capitalization of $399.17 million, a P/E ratio of 12.12 and a beta of 1.29. Heritage Insurance Holdings has a 52 week low of $11.25 and a 52 week high of $16.48. The firm has a 50 day moving average of $12.56 and a 200 day moving average of $13.11.

Heritage Insurance Holdings (NYSE:HRTG) last issued its quarterly earnings data on Tuesday, August 8th. The insurance provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Heritage Insurance Holdings had a net margin of 7.60% and a return on equity of 8.83%. The firm had revenue of $96.90 million for the quarter, compared to analyst estimates of $100.17 million. During the same quarter in the prior year, the firm earned $0.62 EPS. The company’s revenue was down 15.9% on a year-over-year basis. Equities analysts forecast that Heritage Insurance Holdings will post $1.19 earnings per share for the current fiscal year.

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A number of large investors have recently modified their holdings of the company. Pacific Ridge Capital Partners LLC raised its position in shares of Heritage Insurance Holdings by 1,516.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 294,750 shares of the insurance provider’s stock valued at $3,764,000 after buying an additional 276,510 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Heritage Insurance Holdings by 37.0% in the first quarter. Dimensional Fund Advisors LP now owns 783,112 shares of the insurance provider’s stock valued at $10,000,000 after buying an additional 211,312 shares during the period. LSV Asset Management raised its position in shares of Heritage Insurance Holdings by 26.9% in the first quarter. LSV Asset Management now owns 851,560 shares of the insurance provider’s stock valued at $10,874,000 after buying an additional 180,538 shares during the period. Ameriprise Financial Inc. raised 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 period. Finally, AQR Capital Management LLC raised its position in shares of Heritage Insurance Holdings by 18.9% in the first quarter. AQR Capital Management LLC now owns 526,165 shares of the insurance provider’s stock valued at $6,719,000 after buying an additional 83,586 shares during the period. 57.62% of the stock is currently owned by hedge funds and other institutional investors.

About Heritage Insurance Holdings

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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