Federated Investors Inc. PA decreased its position in Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 14.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,124 shares of the insurance provider’s stock after selling 4,943 shares during the quarter. Federated Investors Inc. PA owned 0.09% of Heritage Insurance Holdings worth $366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new stake in Heritage Insurance Holdings in the 1st quarter worth approximately $167,000. American International Group Inc. increased its stake in Heritage Insurance Holdings by 7.0% in the 1st quarter. American International Group Inc. now owns 16,365 shares of the insurance provider’s stock worth $209,000 after acquiring an additional 1,077 shares during the last quarter. Kennedy Capital Management Inc. bought a new stake in Heritage Insurance Holdings in the 1st quarter worth approximately $229,000. UBS Asset Management Americas Inc. increased its stake in Heritage Insurance Holdings by 69.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 18,600 shares of the insurance provider’s stock worth $238,000 after acquiring an additional 7,600 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC increased its stake in Heritage Insurance Holdings by 25.0% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 20,000 shares of the insurance provider’s stock worth $260,000 after acquiring an additional 4,000 shares during the last quarter. 61.29% of the stock is currently owned by institutional investors and hedge funds.

HRTG has been the topic of a number of research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Heritage Insurance Holdings in a research note on Friday, June 2nd. TheStreet raised Heritage Insurance Holdings from a “c” rating to a “b-” rating in a research note on Monday, June 26th. Zacks Investment Research raised Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, BidaskClub raised Heritage Insurance Holdings from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $16.33.

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

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Heritage Insurance Holdings, Inc. (NYSE:HRTG) opened at 11.75 on Friday. The company has a market cap of $348.98 million, a P/E ratio of 16.57 and a beta of 1.30. Heritage Insurance Holdings, Inc. has a 52-week low of $8.85 and a 52-week high of $16.48. The stock’s 50 day moving average price is $11.67 and its 200 day moving average price is $12.40.

Heritage Insurance Holdings (NYSE:HRTG) last posted its quarterly earnings results on Tuesday, August 8th. The insurance provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. Heritage Insurance Holdings had a return on equity of 5.67% and a net margin of 5.07%. The firm had revenue of $96.90 million during the quarter, compared to analysts’ expectations of $100.17 million. During the same quarter last year, the firm earned $0.62 earnings per share. The business’s revenue for the quarter was down 15.9% on a year-over-year basis. Analysts expect that Heritage Insurance Holdings, Inc. will post $0.92 earnings per share for the current year.

The business 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. The ex-dividend date is Thursday, September 14th. This represents a $0.24 annualized dividend and a dividend yield of 2.03%. Heritage Insurance Holdings’s dividend payout ratio is presently 33.33%.

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.

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

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