Shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) have received an average rating of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $16.33.

A number of research firms recently weighed in on HRTG. BidaskClub raised shares of Heritage Insurance Holdings from a “strong sell” rating to a “sell” rating in a report on Wednesday. TheStreet lowered shares of Heritage Insurance Holdings from a “b-” rating to a “c” rating in a report on Friday, August 4th. 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, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $17.00 target price on shares of Heritage Insurance Holdings in a report on Friday, June 2nd.

Institutional investors have recently modified their holdings of the company. Virginia Retirement Systems ET AL boosted its position in Heritage Insurance Holdings by 0.3% in the second quarter. Virginia Retirement Systems ET AL now owns 36,900 shares of the insurance provider’s stock worth $480,000 after buying an additional 100 shares during the last quarter. Kirr Marbach & Co. LLC IN boosted its position in Heritage Insurance Holdings by 1.2% in the first quarter. Kirr Marbach & Co. LLC IN now owns 14,295 shares of the insurance provider’s stock worth $183,000 after buying an additional 165 shares during the last quarter. Nationwide Fund Advisors boosted its position in Heritage Insurance Holdings by 0.9% in the first quarter. Nationwide Fund Advisors now owns 111,424 shares of the insurance provider’s stock worth $1,423,000 after buying an additional 1,046 shares during the last quarter. American International Group Inc. boosted its position in Heritage Insurance Holdings by 7.0% in the first quarter. American International Group Inc. now owns 16,365 shares of the insurance provider’s stock worth $209,000 after buying an additional 1,077 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in Heritage Insurance Holdings by 2.9% in the fourth quarter. Teachers Advisors LLC now owns 59,682 shares of the insurance provider’s stock worth $935,000 after buying an additional 1,677 shares during the last quarter. 57.62% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Heritage Insurance Holdings (HRTG) traded up 2.26% on Wednesday, hitting $13.14. 83,590 shares of the stock traded hands. Heritage Insurance Holdings has a 52 week low of $11.25 and a 52 week high of $16.48. The stock has a 50 day moving average price of $12.56 and a 200-day moving average price of $13.11. The stock has a market cap of $390.26 million, a price-to-earnings ratio of 11.85 and a beta of 1.29.

Heritage Insurance Holdings (NYSE:HRTG) last announced its quarterly earnings results on Tuesday, August 8th. The insurance provider reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. The company had revenue of $96.90 million for the quarter, compared to analysts’ expectations of $100.17 million. Heritage Insurance Holdings had a net margin of 7.60% and a return on equity of 8.83%. Heritage Insurance Holdings’s revenue was down 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.62 EPS. On average, equities research analysts forecast that Heritage Insurance Holdings will post $1.19 EPS for the current year.

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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