The Manufacturers Life Insurance Company decreased its position in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,554 shares of the insurance provider’s stock after selling 479 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of Heritage Insurance worth $280,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Royce & Associates LP grew its holdings in shares of Heritage Insurance by 2.8% during the 2nd quarter. Royce & Associates LP now owns 630,700 shares of the insurance provider’s stock worth $8,212,000 after purchasing an additional 17,200 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Heritage Insurance by 3.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 863,752 shares of the insurance provider’s stock worth $11,247,000 after purchasing an additional 29,740 shares in the last quarter. Kennedy Capital Management Inc. grew its holdings in shares of Heritage Insurance 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. Stifel Financial Corp acquired a new stake in shares of Heritage Insurance during the 2nd quarter worth $772,000. Finally, Pacific Ridge Capital Partners LLC grew its holdings in shares of Heritage Insurance by 16.9% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 344,450 shares of the insurance provider’s stock worth $4,485,000 after purchasing an additional 49,700 shares in the last quarter. Hedge funds and other institutional investors own 81.00% of the company’s stock.

Several research firms have recently issued reports on HRTG. Zacks Investment Research raised Heritage Insurance from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Tuesday, November 28th. Citigroup increased their target price on Heritage Insurance from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. TheStreet lowered Heritage Insurance from a “b” rating to a “c+” rating in a report on Wednesday, November 1st. BidaskClub lowered Heritage Insurance from a “strong-buy” rating to a “buy” rating in a report on Friday, November 3rd. Finally, SunTrust Banks reissued a “buy” rating and set a $18.00 target price on shares of Heritage Insurance in a report on Wednesday, November 1st. Five research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $18.50.

Heritage Insurance Holdings, Inc. (NYSE HRTG) traded up $0.05 during trading hours on Tuesday, reaching $18.05. The company had a trading volume of 193,600 shares, compared to its average volume of 318,907. The firm has a market capitalization of $439.20, a price-to-earnings ratio of 1,800.00 and a beta of 1.49. 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, Inc. has a fifty-two week low of $8.85 and a fifty-two week high of $18.70.

Heritage Insurance (NYSE:HRTG) last released its quarterly earnings data on Wednesday, November 1st. The insurance provider reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.23). The business had revenue of $101.77 million during the quarter, compared to analyst estimates of $99.01 million. Heritage Insurance had a net margin of 0.27% and a return on equity of 0.31%. The business’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period last year, the business earned $0.37 earnings per share. sell-side analysts anticipate that Heritage Insurance Holdings, Inc. will post 0.73 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, November 16th. Heritage Insurance’s dividend payout ratio (DPR) is presently 2,402.40%.

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Heritage Insurance 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.

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

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