Kirr Marbach & Co. LLC IN boosted its stake in Heritage Insurance Holdings Inc (NYSE:HRTG) by 1.2% during the first quarter, Holdings Channel reports. The institutional investor owned 14,295 shares of the insurance provider’s stock after buying an additional 165 shares during the period. Kirr Marbach & Co. LLC IN’s holdings in Heritage Insurance Holdings were worth $183,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of HRTG. Hancock Holding Co. acquired a new stake in shares of Heritage Insurance Holdings during the third quarter valued at approximately $151,000. Trexquant Investment LP acquired a new stake in shares of Heritage Insurance Holdings during the fourth quarter valued at approximately $221,000. Wexford Capital LP acquired a new stake in shares of Heritage Insurance Holdings during the fourth quarter valued at approximately $326,000. Citadel Advisors LLC acquired a new stake in shares of Heritage Insurance Holdings during the third quarter valued at approximately $356,000. Finally, Tudor Investment Corp Et Al boosted its stake in shares of Heritage Insurance Holdings by 10.4% in the fourth quarter. Tudor Investment Corp Et Al now owns 22,771 shares of the insurance provider’s stock valued at $357,000 after buying an additional 2,140 shares during the last quarter. 50.43% of the stock is currently owned by hedge funds and other institutional investors.
Heritage Insurance Holdings Inc (NYSE:HRTG) traded up 0.388% during mid-day trading on Friday, hitting $11.645. 79,563 shares of the company were exchanged. The company’s 50-day moving average is $12.94 and its 200 day moving average is $13.95. The company has a market capitalization of $345.86 million, a P/E ratio of 10.215 and a beta of 1.29. Heritage Insurance Holdings Inc has a 12-month low of $11.25 and a 12-month high of $16.48.
Heritage Insurance Holdings (NYSE:HRTG) last posted its earnings results on Wednesday, March 15th. The insurance provider reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02. The company earned $102.81 million during the quarter, compared to the consensus estimate of $104.93 million. Heritage Insurance Holdings had a net margin of 13.02% and a return on equity of 15.58%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share. Analysts expect that Heritage Insurance Holdings Inc will post $1.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 4th. Stockholders of record on Wednesday, March 15th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Monday, March 13th. Heritage Insurance Holdings’s payout ratio is presently 12.70%.
Several brokerages have commented on HRTG. Zacks Investment Research cut shares of Heritage Insurance Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 21st. Citigroup Inc reiterated a “buy” rating and set a $16.00 target price (down previously from $17.00) on shares of Heritage Insurance Holdings in a research report on Friday, April 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.33.
In other Heritage Insurance Holdings news, CEO Bruce Lucas bought 16,000 shares of the firm’s stock in a transaction dated Monday, March 20th. The stock was bought at an average cost of $12.57 per share, with a total value of $201,120.00. Following the completion of the transaction, the chief executive officer now directly owns 764,333 shares in the company, valued at approximately $9,607,665.81. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vijay Walvekar sold 42,000 shares of the business’s stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $12.41, for a total transaction of $521,220.00. Following the sale, the director now directly owns 80,000 shares of the company’s stock, valued at $992,800. The disclosure for this sale can be found here. Insiders own 15.10% of the company’s stock.
Heritage Insurance Holdings Company Profile
Heritage Insurance Holdings, Inc is a property and casualty insurance holding company. The Company provides personal and commercial residential insurance. Through its subsidiary, Heritage Property & Casualty Insurance Company, 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.
Want to see what other hedge funds are holding HRTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heritage Insurance Holdings Inc (NYSE:HRTG).
Receive News & Ratings for Heritage Insurance Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Insurance Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.