IFP Advisors Inc reduced its position in Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 21.6% during the second quarter, Holdings Channel reports. The institutional investor owned 53,756 shares of the insurance provider’s stock after selling 14,832 shares during the period. IFP Advisors Inc’s holdings in Heritage Insurance Holdings were worth $700,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in HRTG. Citadel Advisors LLC acquired a new stake in Heritage Insurance Holdings during the first quarter worth $167,000. Kirr Marbach & Co. LLC IN increased its stake 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 period. American International Group Inc. increased its stake 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 period. Kennedy Capital Management Inc. acquired a new stake in Heritage Insurance Holdings during the first quarter worth $229,000. Finally, UBS Asset Management Americas Inc. increased its stake in 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 worth $238,000 after buying an additional 7,600 shares during the period. 57.62% of the stock is owned by institutional investors.

Heritage Insurance Holdings, Inc. (NYSE:HRTG) opened at 11.26 on Friday. The company’s 50-day moving average is $12.51 and its 200-day moving average is $13.04. The firm has a market cap of $334.42 million, a PE ratio of 15.88 and a beta of 1.29. Heritage Insurance Holdings, Inc. has a one year low of $11.21 and a one year high of $16.48.

Heritage Insurance Holdings (NYSE:HRTG) last released its quarterly earnings results on Tuesday, August 8th. The insurance provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. Heritage Insurance Holdings had a net margin of 5.07% and a return on equity of 5.67%. The firm had revenue of $96.90 million during the quarter, compared to analyst estimates of $100.17 million. During the same quarter last year, the business earned $0.62 EPS. The company’s revenue was down 15.9% compared to the same quarter last year. On average, analysts forecast that Heritage Insurance Holdings, Inc. will post $1.17 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.24 annualized dividend and a yield of 2.13%. Heritage Insurance Holdings’s payout ratio is 33.33%.

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A number of equities research analysts recently weighed in on the stock. TheStreet downgraded shares of Heritage Insurance Holdings from a “b-” rating to a “c” rating in a research note on Friday, August 4th. Zacks Investment Research raised shares of Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub raised shares of Heritage Insurance Holdings from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $17.00 price target on shares of Heritage Insurance Holdings in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Heritage Insurance Holdings presently has an average rating of “Hold” and a consensus target price of $16.33.

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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Institutional Ownership by Quarter for Heritage Insurance Holdings (NYSE:HRTG)

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