California State Teachers Retirement System Sells 7,620 Shares of Heritage Insurance Holdings Inc (HRTG)

California State Teachers Retirement System reduced its position in Heritage Insurance Holdings Inc (NYSE:HRTG) by 18.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,114 shares of the insurance provider’s stock after selling 7,620 shares during the period. California State Teachers Retirement System owned approximately 0.13% of Heritage Insurance worth $615,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HRTG. Ellington Management Group LLC purchased a new stake in Heritage Insurance in the 4th quarter valued at $218,000. Goldman Sachs Group Inc. raised its position in Heritage Insurance by 340.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 80,119 shares of the insurance provider’s stock valued at $1,444,000 after buying an additional 61,933 shares during the last quarter. Stone Ridge Asset Management LLC purchased a new stake in Heritage Insurance in the 4th quarter valued at $732,000. Deutsche Bank AG raised its position in Heritage Insurance by 13.4% in the 4th quarter. Deutsche Bank AG now owns 61,788 shares of the insurance provider’s stock valued at $1,111,000 after buying an additional 7,316 shares during the last quarter. Finally, Brandywine Global Investment Management LLC raised its position in Heritage Insurance by 91.7% in the 4th quarter. Brandywine Global Investment Management LLC now owns 289,738 shares of the insurance provider’s stock valued at $5,222,000 after buying an additional 138,588 shares during the last quarter. Institutional investors own 82.85% of the company’s stock.

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Shares of Heritage Insurance stock opened at $16.04 on Monday. Heritage Insurance Holdings Inc has a 1 year low of $8.85 and a 1 year high of $19.15. The firm has a market cap of $426.02, a PE ratio of 10.48 and a beta of 1.32. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.49.

Heritage Insurance (NYSE:HRTG) last announced its earnings results on Wednesday, March 7th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.83. Heritage Insurance had a positive return on equity of 9.72% and a negative net margin of 0.28%. The firm had revenue of $108.62 million during the quarter, compared to analyst estimates of $101.35 million. During the same period last year, the firm posted ($0.09) EPS. The business’s revenue was up 5.6% compared to the same quarter last year. equities analysts expect that Heritage Insurance Holdings Inc will post 2.6 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 3rd. Stockholders of record on Thursday, March 15th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Wednesday, March 14th. Heritage Insurance’s dividend payout ratio is presently 15.69%.

HRTG has been the subject of a number of analyst reports. SunTrust Banks increased their price target on Heritage Insurance to $26.00 and gave the company a “buy” rating in a research report on Friday, March 9th. JMP Securities lowered Heritage Insurance from an “outperform” rating to a “market perform” rating and set a $16.00 price target for the company. in a research report on Monday, January 22nd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $21.00 price target on shares of Heritage Insurance in a research report on Friday, December 22nd. Zacks Investment Research raised Heritage Insurance from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a research report on Thursday, March 8th. Finally, ValuEngine raised Heritage Insurance from a “hold” rating to a “buy” rating in a research report on Friday, March 9th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $20.60.

In other Heritage Insurance news, CEO Bruce Lucas bought 6,200 shares of the firm’s stock in a transaction dated Friday, March 23rd. The stock was purchased at an average cost of $16.06 per share, with a total value of $99,572.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 16.10% of the company’s stock.

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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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