Geode Capital Management LLC increased its stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 3.8% during the first quarter, Holdings Channel reports. The fund owned 372,147 shares of the insurance provider’s stock after buying an additional 13,767 shares during the period. Geode Capital Management LLC’s holdings in Heritage Insurance Holdings were worth $4,752,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in shares of Heritage Insurance Holdings by 73.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 53,232 shares of the insurance provider’s stock valued at $680,000 after buying an additional 22,476 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Heritage Insurance Holdings by 15.0% in the first quarter. Royce & Associates LP now owns 613,500 shares of the insurance provider’s stock valued at $7,834,000 after buying an additional 80,000 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Heritage Insurance Holdings by 36.9% in the first quarter. Alliancebernstein L.P. now owns 213,560 shares of the insurance provider’s stock valued at $2,727,000 after buying an additional 57,580 shares during the last quarter. American International Group Inc. boosted its stake in shares of Heritage Insurance Holdings by 7.0% in the first quarter. American International Group Inc. now owns 16,365 shares of the insurance provider’s stock valued at $209,000 after buying an additional 1,077 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of Heritage Insurance Holdings by 28.7% in the first quarter. Schroder Investment Management Group now owns 24,546 shares of the insurance provider’s stock valued at $312,000 after buying an additional 5,472 shares during the last quarter. Institutional investors and hedge funds own 57.60% of the company’s stock.

Shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) traded down 0.87% during mid-day trading on Monday, hitting $11.43. 51,624 shares of the stock traded hands. The company has a market cap of $339.47 million, a P/E ratio of 16.12 and a beta of 1.29. The firm has a 50 day moving average of $12.47 and a 200 day moving average of $13.01. Heritage Insurance Holdings, Inc. has a 12 month low of $11.21 and a 12 month high of $16.48.

Heritage Insurance Holdings (NYSE:HRTG) last issued its earnings results on Tuesday, August 8th. The insurance provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Heritage Insurance Holdings had a net margin of 5.07% and a return on equity of 5.67%. The company had revenue of $96.90 million for the quarter, compared to the consensus estimate of $100.17 million. During the same period in the previous year, the firm earned $0.62 earnings per share. Heritage Insurance Holdings’s quarterly revenue was down 15.9% compared to the same quarter last year. Equities analysts anticipate that Heritage Insurance Holdings, Inc. will post $1.15 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, September 14th. Heritage Insurance Holdings’s dividend payout ratio (DPR) is presently 33.33%.

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Several analysts have commented on the stock. BidaskClub upgraded shares of Heritage Insurance Holdings from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. TheStreet cut shares of Heritage Insurance Holdings from a “b-” rating to a “c” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $17.00 price target on shares of Heritage Insurance Holdings in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Heritage Insurance Holdings has an average rating of “Hold” and a consensus price target of $16.33.

In other news, Director Irini Barlas bought 10,000 shares of Heritage Insurance Holdings stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $11.61 per share, with a total value of $116,100.00. Following the completion of the purchase, the director now directly owns 14,200 shares of the company’s stock, valued at $164,862. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Richard A. Widdicombe bought 25,800 shares of Heritage Insurance Holdings stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $11.53 per share, for a total transaction of $297,474.00. Following the completion of the purchase, the president now directly owns 759,112 shares of the company’s stock, valued at $8,752,561.36. The disclosure for this purchase can be found here. Insiders have acquired 59,800 shares of company stock worth $691,434 over the last ninety days. 16.10% of the stock is owned by insiders.

Heritage Insurance Holdings 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.

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

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