Kirr Marbach & Co. LLC IN boosted its position in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 56.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 22,395 shares of the insurance provider’s stock after buying an additional 8,100 shares during the period. Kirr Marbach & Co. LLC IN’s holdings in Heritage Insurance Holdings were worth $292,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacific Ridge Capital Partners LLC boosted its stake in shares of Heritage Insurance Holdings by 1,516.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 294,750 shares of the insurance provider’s stock worth $3,764,000 after buying an additional 276,510 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Heritage Insurance Holdings by 37.0% in the first quarter. Dimensional Fund Advisors LP now owns 783,112 shares of the insurance provider’s stock worth $10,000,000 after buying an additional 211,312 shares during the period. LSV Asset Management boosted its stake in shares of Heritage Insurance Holdings by 26.9% in the first quarter. LSV Asset Management now owns 851,560 shares of the insurance provider’s stock worth $10,874,000 after buying an additional 180,538 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Heritage Insurance Holdings by 17.1% in the first quarter. Ameriprise Financial Inc. now owns 834,012 shares of the insurance provider’s stock worth $10,650,000 after buying an additional 121,990 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in shares of Heritage Insurance Holdings during the fourth quarter worth about $1,876,000. 58.52% of the stock is currently owned by hedge funds and other institutional investors.

Heritage Insurance Holdings, Inc. (NYSE HRTG) traded down 0.08% during mid-day trading on Thursday, hitting $12.26. The company’s stock had a trading volume of 6,718 shares. The company’s 50 day moving average is $12.81 and its 200-day moving average is $13.35. Heritage Insurance Holdings, Inc. has a 52-week low of $11.25 and a 52-week high of $16.48. The stock has a market cap of $364.12 million, a P/E ratio of 11.06 and a beta of 1.31.

Heritage Insurance Holdings (NYSE:HRTG) last released its quarterly earnings results on Thursday, May 4th. The insurance provider reported $0.19 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. Heritage Insurance Holdings had a return on equity of 8.83% and a net margin of 7.60%. The business had revenue of $99.29 million during the quarter, compared to analyst estimates of $103.47 million. On average, equities analysts predict that Heritage Insurance Holdings, Inc. will post $1.20 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Stockholders of record on Thursday, June 15th were given a $0.06 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $0.24 annualized dividend and a dividend yield of 1.96%. Heritage Insurance Holdings’s payout ratio is 21.62%.

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A number of brokerages recently issued reports on HRTG. Zacks Investment Research raised Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $17.00 price objective on shares of Heritage Insurance Holdings in a report on Friday, June 2nd. TheStreet raised Heritage Insurance Holdings from a “c” rating to a “b-” rating in a report on Monday, June 26th. Finally, Citigroup Inc. reissued a “buy” rating and set a $16.00 price objective (down previously from $17.00) on shares of Heritage Insurance Holdings in a report on Friday, April 7th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $16.33.

In other Heritage Insurance Holdings news, CEO Bruce Lucas acquired 83,262 shares of the stock in a transaction dated Monday, May 8th. The shares were acquired at an average cost of $12.06 per share, for a total transaction of $1,004,139.72. Following the completion of the transaction, the chief executive officer now directly owns 681,071 shares of the company’s stock, valued at $8,213,716.26. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 16.10% of the stock is owned by insiders.

About Heritage Insurance Holdings

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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