Schroder Investment Management Group increased its stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 44.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,481 shares of the insurance provider’s stock after acquiring an additional 10,935 shares during the quarter. Schroder Investment Management Group owned approximately 0.12% of Heritage Insurance Holdings worth $462,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HRTG. Teachers Advisors LLC increased its holdings in Heritage Insurance Holdings by 2.9% in the 4th quarter. Teachers Advisors LLC now owns 59,682 shares of the insurance provider’s stock worth $935,000 after acquiring an additional 1,677 shares in the last quarter. Nationwide Fund Advisors boosted its stake in Heritage Insurance Holdings by 0.9% during the 1st quarter. Nationwide Fund Advisors now owns 111,424 shares of the insurance provider’s stock worth $1,423,000 after purchasing an additional 1,046 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Heritage Insurance Holdings by 50.3% during the 1st quarter. Russell Investments Group Ltd. now owns 178,893 shares of the insurance provider’s stock worth $2,284,000 after purchasing an additional 59,856 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Heritage Insurance Holdings by 8.8% during the 1st quarter. Bank of New York Mellon Corp now owns 194,527 shares of the insurance provider’s stock worth $2,484,000 after purchasing an additional 15,789 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Heritage Insurance Holdings by 8.0% during the 1st quarter. Swiss National Bank now owns 44,300 shares of the insurance provider’s stock worth $566,000 after purchasing an additional 3,300 shares during the last quarter. 61.29% of the stock is owned by institutional investors.

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Shares of Heritage Insurance Holdings, Inc. (HRTG) opened at 12.99 on Thursday. The firm has a market cap of $385.80 million, a PE ratio of 18.32 and a beta of 1.30. The firm’s 50-day moving average is $11.67 and its 200 day moving average is $12.40. Heritage Insurance Holdings, Inc. has a 52 week low of $8.85 and a 52 week high of $16.48.

Heritage Insurance Holdings (NYSE:HRTG) last announced its quarterly earnings results on Tuesday, August 8th. The insurance provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Heritage Insurance Holdings had a return on equity of 5.67% and a net margin of 5.07%. The business had revenue of $96.90 million during the quarter, compared to analysts’ expectations of $100.17 million. During the same quarter last year, the business posted $0.62 earnings per share. The business’s revenue for the quarter was down 15.9% on a year-over-year basis. Equities research analysts forecast that Heritage Insurance Holdings, Inc. will post $0.72 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, September 14th. Heritage Insurance Holdings’s dividend payout ratio is currently 33.33%.

HRTG has been the topic of several recent research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $17.00 target price on shares of Heritage Insurance Holdings in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. TheStreet raised shares of Heritage Insurance Holdings from a “c” rating to a “b-” rating in a research note on Monday, June 26th. BidaskClub cut shares of Heritage Insurance Holdings from a “hold” rating to a “sell” rating in a research note on Friday, September 22nd. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $18.00 target price on shares of Heritage Insurance Holdings in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $17.00.

In related news, CEO Bruce Lucas acquired 22,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $11.58 per share, for a total transaction of $254,760.00. Following the transaction, the chief executive officer now owns 869,595 shares in the company, valued at approximately $10,069,910.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Richard A. Widdicombe acquired 25,800 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average price of $11.53 per share, with a total value of $297,474.00. Following the transaction, the president now owns 759,112 shares in the company, valued at approximately $8,752,561.36. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 91,350 shares of company stock valued at $1,051,923. Company insiders own 16.10% of the company’s stock.

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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