The Heritage Insurance Holdings, Inc. (HRTG) Position Increased by Los Angeles Capital Management & Equity Research Inc.

The Heritage Insurance Holdings, Inc. (HRTG) Position Increased by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 77.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,090 shares of the company’s stock after buying an additional 15,783 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.12% of Heritage Insurance Holdings worth $520,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. LSV Asset Management raised its stake in Heritage Insurance Holdings by 950.3% in the third quarter. LSV Asset Management now owns 305,650 shares of the company’s stock worth $4,404,000 after buying an additional 276,550 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Heritage Insurance Holdings by 15.1% in the second quarter. Ameriprise Financial Inc. now owns 887,354 shares of the company’s stock worth $10,623,000 after buying an additional 116,196 shares in the last quarter. BlackRock Advisors LLC raised its stake in Heritage Insurance Holdings by 34.1% in the second quarter. BlackRock Advisors LLC now owns 357,442 shares of the company’s stock worth $4,279,000 after buying an additional 90,896 shares in the last quarter. AQR Capital Management LLC raised its stake in Heritage Insurance Holdings by 24.2% in the second quarter. AQR Capital Management LLC now owns 402,911 shares of the company’s stock worth $4,823,000 after buying an additional 78,612 shares in the last quarter. Finally, Nationwide Fund Advisors raised its stake in Heritage Insurance Holdings by 225.7% in the third quarter. Nationwide Fund Advisors now owns 110,378 shares of the company’s stock worth $1,591,000 after buying an additional 76,487 shares in the last quarter. Institutional investors and hedge funds own 49.97% of the company’s stock.

Heritage Insurance Holdings, Inc. (NYSE:HRTG) traded up 0.46% on Wednesday, hitting $15.26. 65,261 shares of the stock were exchanged. The stock has a market cap of $453.22 million, a price-to-earnings ratio of 8.05 and a beta of 1.34. Heritage Insurance Holdings, Inc. has a 12 month low of $11.25 and a 12 month high of $20.22. The company has a 50-day moving average of $15.55 and a 200-day moving average of $13.71.

Heritage Insurance Holdings (NYSE:HRTG) last issued its quarterly earnings results on Tuesday, November 8th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by $0.01. Heritage Insurance Holdings had a net margin of 13.02% and a return on equity of 15.58%. The business had revenue of $109.30 million for the quarter, compared to analysts’ expectations of $109.44 million. During the same period last year, the business earned $0.55 earnings per share. The company’s revenue was up 22.5% on a year-over-year basis. On average, equities analysts predict that Heritage Insurance Holdings, Inc. will post $1.11 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 4th. Shareholders of record on Thursday, December 15th were issued a $0.06 dividend. The ex-dividend date was Tuesday, December 13th. This represents a $0.24 annualized dividend and a yield of 1.57%. Heritage Insurance Holdings’s dividend payout ratio (DPR) is presently 12.70%.

A number of research firms recently weighed in on HRTG. Zacks Investment Research upgraded shares of Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, December 20th. TheStreet raised shares of Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a research report on Friday, November 18th. Citigroup Inc. reduced their price objective on shares of Heritage Insurance Holdings from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, October 11th. Finally, Sandler O’Neill raised shares of Heritage Insurance Holdings from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Friday, September 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $16.33.

About Heritage Insurance Holdings

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.

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