Federated Investors Inc. PA lowered its stake in Heritage Insurance Holdings Inc (NYSE:HRTG) by 16.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 49,338 shares of the company’s stock after selling 9,655 shares during the period. Federated Investors Inc. PA owned approximately 0.17% of Heritage Insurance Holdings worth $773,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Heritage Insurance Holdings by 77.7% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 36,090 shares of the company’s stock worth $520,000 after buying an additional 15,783 shares in the last quarter. Hancock Holding Co. purchased a new stake in Heritage Insurance Holdings during the third quarter worth $151,000. BlackRock Advisors LLC boosted its stake in Heritage Insurance Holdings by 4.3% in the third quarter. BlackRock Advisors LLC now owns 372,922 shares of the company’s stock worth $5,374,000 after buying an additional 15,480 shares in the last quarter. LSV Asset Management boosted 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. Finally, Prudential Financial Inc. boosted its stake in Heritage Insurance Holdings by 25.9% in the third quarter. Prudential Financial Inc. now owns 85,496 shares of the company’s stock worth $1,232,000 after buying an additional 17,596 shares in the last quarter. Institutional investors own 50.43% of the company’s stock.
Shares of Heritage Insurance Holdings Inc (NYSE:HRTG) opened at 12.45 on Tuesday. The company has a market capitalization of $369.77 million, a PE ratio of 6.57 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. The stock has a 50 day moving average of $14.44 and a 200-day moving average of $14.24.
Heritage Insurance Holdings (NYSE:HRTG) last announced its earnings results on Wednesday, March 15th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.02. Heritage Insurance Holdings had a net margin of 13.02% and a return on equity of 15.58%. The company had revenue of $102.81 million for the quarter, compared to analysts’ expectations of $104.93 million. During the same quarter in the previous year, the company posted $0.66 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. Analysts predict that Heritage Insurance Holdings Inc will post $1.57 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 4th. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.06 per share. The ex-dividend date is Monday, March 13th. This represents a $0.24 annualized dividend and a yield of 1.93%. Heritage Insurance Holdings’s dividend payout ratio (DPR) is presently 12.70%.
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Separately, Zacks Investment Research upgraded shares of Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, December 20th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price 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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