Schwab Charles Investment Management Inc. held its position in Heritage Insurance Holdings, Inc. (NYSE:HRTG) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,462 shares of the insurance provider’s stock at the end of the 2nd quarter. Schwab Charles Investment Management Inc. owned approximately 0.14% of Heritage Insurance Holdings worth $527,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its holdings in shares of Heritage Insurance Holdings by 8.8% in the 1st quarter. Bank of New York Mellon Corp now owns 194,527 shares of the insurance provider’s stock valued at $2,484,000 after purchasing an additional 15,789 shares in the last quarter. Swiss National Bank raised its holdings in shares of Heritage Insurance Holdings by 8.0% in the 1st quarter. Swiss National Bank now owns 44,300 shares of the insurance provider’s stock valued at $566,000 after purchasing an additional 3,300 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of Heritage Insurance Holdings by 69.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 18,600 shares of the insurance provider’s stock valued at $238,000 after purchasing an additional 7,600 shares in the last quarter. American International Group Inc. raised its holdings in shares of Heritage Insurance Holdings by 7.0% in the 1st quarter. American International Group Inc. now owns 16,365 shares of the insurance provider’s stock valued at $209,000 after purchasing an additional 1,077 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Heritage Insurance Holdings by 36.9% in the 1st quarter. Alliancebernstein L.P. now owns 213,560 shares of the insurance provider’s stock valued at $2,727,000 after purchasing an additional 57,580 shares in the last quarter. Institutional investors own 60.72% of the company’s stock.

A number of brokerages have recently weighed in on HRTG. BidaskClub upgraded shares of Heritage Insurance Holdings from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. TheStreet lowered shares of Heritage Insurance Holdings from a “b-” rating to a “c” rating in a report on Friday, August 4th. SunTrust Banks, Inc. restated a “buy” rating and issued a $18.00 price objective on shares of Heritage Insurance Holdings in a report on Wednesday. Finally, Citigroup Inc. raised their price objective on shares of Heritage Insurance Holdings from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, October 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Heritage Insurance Holdings presently has a consensus rating of “Buy” and an average price target of $18.00.

In other Heritage Insurance Holdings news, President Richard A. Widdicombe acquired 16,500 shares of the stock in a transaction on Friday, August 25th. The shares were bought at an average cost of $11.32 per share, with a total value of $186,780.00. Following the transaction, the president now owns 775,612 shares of the company’s stock, valued at approximately $8,779,927.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Bruce Lucas acquired 22,000 shares of the stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $11.58 per share, for a total transaction of $254,760.00. Following the completion of the transaction, the chief executive officer now directly owns 869,595 shares in the company, valued at approximately $10,069,910.10. The disclosure for this purchase can be found here. Insiders have purchased a total of 91,350 shares of company stock worth $1,051,923 over the last quarter. 16.10% of the stock is owned by company insiders.

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Shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) opened at $16.53 on Friday. Heritage Insurance Holdings, Inc. has a one year low of $8.85 and a one year high of $16.72. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market cap of $403.33, a price-to-earnings ratio of 1,653.00 and a beta of 1.44.

Heritage Insurance Holdings (NYSE:HRTG) last announced its quarterly earnings results on Wednesday, November 1st. The insurance provider reported ($0.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.23). Heritage Insurance Holdings had a return on equity of 0.30% and a net margin of 0.27%. The company had revenue of $101.77 million for the quarter, compared to analyst estimates of $99.01 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. Heritage Insurance Holdings’s revenue was down 6.9% compared to the same quarter last year. analysts predict that Heritage Insurance Holdings, Inc. will post 0.73 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.24 annualized dividend and a yield of 1.45%. Heritage Insurance Holdings’s dividend payout ratio is currently 2,402.40%.

Heritage Insurance Holdings 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 Holdings (NYSE:HRTG)

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