TIAA CREF Investment Management LLC lowered its position in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 53.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 107,723 shares of the insurance provider’s stock after selling 126,017 shares during the quarter. TIAA CREF Investment Management LLC owned 0.37% of Heritage Insurance Holdings worth $1,403,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in Heritage Insurance Holdings by 37.0% during the first quarter. Dimensional Fund Advisors LP now owns 783,112 shares of the insurance provider’s stock valued at $10,000,000 after purchasing an additional 211,312 shares during the period. Royce & Associates LP grew its holdings in Heritage Insurance Holdings by 2.8% during the second quarter. Royce & Associates LP now owns 630,700 shares of the insurance provider’s stock valued at $8,212,000 after purchasing an additional 17,200 shares during the period. AQR Capital Management LLC grew its holdings in Heritage Insurance Holdings by 18.9% during the first quarter. AQR Capital Management LLC now owns 526,165 shares of the insurance provider’s stock valued at $6,719,000 after purchasing an additional 83,586 shares during the period. Kennedy Capital Management Inc. grew its holdings in Heritage Insurance Holdings by 2,090.2% during the second quarter. Kennedy Capital Management Inc. now owns 392,052 shares of the insurance provider’s stock valued at $5,105,000 after purchasing an additional 374,152 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Heritage Insurance Holdings by 3.8% during the first quarter. Geode Capital Management LLC now owns 372,147 shares of the insurance provider’s stock valued at $4,752,000 after purchasing an additional 13,767 shares during the period. Hedge funds and other institutional investors own 60.72% of the company’s stock.

Heritage Insurance Holdings, Inc. (HRTG) opened at $16.88 on Tuesday. The firm has a market cap of $403.33, a P/E ratio of 1,653.00 and a beta of 1.44. Heritage Insurance Holdings, Inc. has a 1-year low of $8.85 and a 1-year high of $16.83. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.63.

Heritage Insurance Holdings (NYSE:HRTG) last released its quarterly earnings results on Wednesday, November 1st. The insurance provider reported ($0.34) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.23). The company had revenue of $101.77 million during the quarter, compared to analyst estimates of $99.01 million. Heritage Insurance Holdings had a net margin of 0.27% and a return on equity of 0.31%. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 EPS. sell-side 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 will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, November 16th. Heritage Insurance Holdings’s dividend payout ratio (DPR) is presently 2,402.40%.

In other Heritage Insurance Holdings news, Director Irini Barlas acquired 10,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $11.61 per share, with a total value of $116,100.00. Following the completion of the transaction, the director now directly owns 14,200 shares in the company, valued at approximately $164,862. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Richard A. Widdicombe acquired 16,500 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was acquired at an average cost of $11.32 per share, for a total transaction of $186,780.00. Following the transaction, the president now 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 bought 91,350 shares of company stock valued at $1,051,923 in the last quarter. Corporate insiders own 17.90% of the company’s stock.

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Several research firms have recently weighed in on HRTG. TheStreet upgraded shares of Heritage Insurance Holdings from a “c+” rating to a “b” rating in a report on Monday, October 16th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $17.00 price target on shares of Heritage Insurance Holdings in a report on Thursday, September 21st. BidaskClub cut shares of Heritage Insurance Holdings from a “hold” rating to a “sell” rating in a report on Friday, September 22nd. Citigroup Inc. upped their price target on shares of Heritage Insurance Holdings from $18.00 to $19.00 and gave the company a “buy” rating in a report on Friday. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $18.00 price target on shares of Heritage Insurance Holdings in a report on Tuesday, September 26th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $18.00.

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

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