Citigroup Inc. lessened its position in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 10.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,570 shares of the insurance provider’s stock after selling 1,567 shares during the quarter. Citigroup Inc.’s holdings in Heritage Insurance Holdings were worth $177,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in HRTG. Kennedy Capital Management Inc. grew its holdings in shares of Heritage Insurance Holdings by 2,090.2% during the 2nd quarter. Kennedy Capital Management Inc. now owns 392,052 shares of the insurance provider’s stock worth $5,105,000 after purchasing an additional 374,152 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Heritage Insurance Holdings by 37.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 783,112 shares of the insurance provider’s stock worth $10,000,000 after purchasing an additional 211,312 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Heritage Insurance Holdings during the 2nd quarter worth approximately $2,438,000. AQR Capital Management LLC grew its holdings in shares of Heritage Insurance Holdings by 18.9% during the 1st quarter. AQR Capital Management LLC now owns 526,165 shares of the insurance provider’s stock worth $6,719,000 after purchasing an additional 83,586 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Heritage Insurance Holdings by 36.9% during the 1st quarter. Alliancebernstein L.P. now owns 213,560 shares of the insurance provider’s stock worth $2,727,000 after purchasing an additional 57,580 shares in the last quarter. 61.29% of the stock is currently owned by institutional investors.

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HRTG has been the topic of several recent research reports. TheStreet raised Heritage Insurance Holdings from a “c” rating to a “b-” rating in a report on Monday, June 26th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $17.00 price objective on shares of Heritage Insurance Holdings in a report on Thursday, September 21st. BidaskClub lowered Heritage Insurance Holdings from a “hold” rating to a “sell” rating in a report on Friday, September 22nd. Citigroup Inc. lifted their price objective on Heritage Insurance Holdings from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. Finally, Zacks Investment Research raised Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $17.67.

In related news, CEO Bruce Lucas purchased 22,000 shares of Heritage Insurance Holdings stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average price of $11.58 per share, with a total value of $254,760.00. Following the completion of the transaction, the chief executive officer now directly owns 869,595 shares of the company’s stock, valued at approximately $10,069,910.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Richard A. Widdicombe purchased 16,500 shares of Heritage Insurance Holdings stock in a transaction that occurred on Friday, August 25th. The shares were bought at an average cost of $11.32 per share, for a total transaction of $186,780.00. Following the transaction, the president now directly owns 775,612 shares of the company’s stock, valued at $8,779,927.84. The disclosure for this purchase can be found here. Insiders have purchased 91,350 shares of company stock worth $1,051,923 in the last three months. 16.10% of the stock is currently owned by company insiders.

Shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) opened at 15.87 on Monday. Heritage Insurance Holdings, Inc. has a 52 week low of $8.85 and a 52 week high of $16.48. The firm has a market cap of $471.34 million, a price-to-earnings ratio of 22.38 and a beta of 1.36. The company has a 50-day moving average price of $13.16 and a 200 day moving average price of $12.55.

Heritage Insurance Holdings (NYSE:HRTG) last announced its earnings results on Tuesday, August 8th. The insurance provider reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The company had revenue of $96.90 million for the quarter, compared to analyst estimates of $100.17 million. Heritage Insurance Holdings had a return on equity of 5.67% and a net margin of 5.07%. The firm’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 earnings per share. Analysts expect that Heritage Insurance Holdings, Inc. will post $0.73 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Thursday, September 14th. Heritage Insurance Holdings’s dividend payout ratio is currently 33.33%.

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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