Heritage Insurance Holdings, Inc. (NYSE:HRTG) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $9.76 and last traded at $9.82, with a volume of 824,638 shares trading hands. The stock had previously closed at $11.26.

HRTG has been the topic of several recent analyst reports. BidaskClub raised Heritage Insurance Holdings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $17.00 target price on shares of Heritage Insurance Holdings in a research report on Friday, June 2nd. Zacks Investment Research raised Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, TheStreet raised Heritage Insurance Holdings from a “c” rating to a “b-” rating in a research report on Monday, June 26th. One 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. The company has a consensus rating of “Hold” and an average target price of $16.33.

The stock’s 50-day moving average is $11.83 and its 200 day moving average is $12.61. The firm has a market cap of $297.59 million, a P/E ratio of 14.13 and a beta of 1.30.

Heritage Insurance Holdings (NYSE:HRTG) last released its quarterly earnings results on Tuesday, August 8th. The insurance provider reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $96.90 million for the quarter, compared to analysts’ expectations of $100.17 million. Heritage Insurance Holdings had a return on equity of 5.67% and a net margin of 5.07%. The company’s revenue was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 EPS. On average, equities research analysts predict that Heritage Insurance Holdings, Inc. will post $1.13 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Thursday, September 14th. Heritage Insurance Holdings’s dividend payout ratio is currently 33.33%.

In related news, President Richard A. Widdicombe bought 25,800 shares of Heritage Insurance Holdings stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of $11.53 per share, with a total value of $297,474.00. Following the purchase, the president now owns 759,112 shares in the company, valued at $8,752,561.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bruce Lucas bought 22,000 shares of Heritage Insurance Holdings stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average cost of $11.58 per share, for a total transaction of $254,760.00. Following the purchase, the chief executive officer now owns 869,595 shares in the company, valued at approximately $10,069,910.10. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 91,350 shares of company stock worth $1,051,923. Insiders own 16.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in Heritage Insurance Holdings by 26.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 987,200 shares of the insurance provider’s stock valued at $12,853,000 after buying an additional 204,088 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Heritage Insurance Holdings by 3.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 863,752 shares of the insurance provider’s stock valued at $11,247,000 after buying an additional 29,740 shares in the last quarter. LSV Asset Management lifted its stake in Heritage Insurance Holdings by 26.9% in the 1st 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 in the last quarter. Royce & Associates LP lifted its stake in Heritage Insurance Holdings by 2.8% in the 2nd quarter. Royce & Associates LP now owns 630,700 shares of the insurance provider’s stock valued at $8,212,000 after buying an additional 17,200 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Heritage Insurance Holdings by 18.9% in the 1st 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 in the last quarter. 61.29% of the stock is currently owned by hedge funds and other institutional investors.

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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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