Heritage Insurance Holdings, Inc. $HRTG Shares Acquired by Annis Gardner Whiting Capital Advisors LLC

Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 65.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 126,871 shares of the insurance provider’s stock after acquiring an additional 50,000 shares during the quarter. Heritage Insurance comprises approximately 0.5% of Annis Gardner Whiting Capital Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Annis Gardner Whiting Capital Advisors LLC’s holdings in Heritage Insurance were worth $3,330,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in Heritage Insurance in the third quarter valued at approximately $25,000. Mcguire Capital Advisors Inc. acquired a new stake in Heritage Insurance during the fourth quarter worth approximately $31,000. Royal Bank of Canada raised its holdings in Heritage Insurance by 72.6% during the fourth quarter. Royal Bank of Canada now owns 1,182 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 497 shares in the last quarter. Harbour Investments Inc. purchased a new stake in shares of Heritage Insurance during the 4th quarter worth approximately $50,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Heritage Insurance by 2,178.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,709 shares of the insurance provider’s stock worth $50,000 after buying an additional 1,634 shares during the last quarter. Hedge funds and other institutional investors own 59.03% of the company’s stock.

Wall Street Analyst Weigh In

HRTG has been the subject of several research analyst reports. Piper Sandler upped their target price on shares of Heritage Insurance from $27.00 to $31.00 and gave the company an “overweight” rating in a report on Wednesday. Zacks Research upgraded shares of Heritage Insurance from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Truist Financial dropped their price objective on Heritage Insurance from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Wall Street Zen downgraded Heritage Insurance from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings cut Heritage Insurance from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Heritage Insurance has an average rating of “Moderate Buy” and a consensus price target of $33.50.

Insider Buying and Selling

In other Heritage Insurance news, CEO Ernie J. Garateix sold 8,334 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $27.56, for a total value of $229,685.04. Following the completion of the transaction, the chief executive officer owned 1,060,955 shares in the company, valued at approximately $29,239,919.80. This represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul L. Whiting bought 16,000 shares of Heritage Insurance stock in a transaction on Tuesday, May 19th. The stock was acquired at an average cost of $23.56 per share, with a total value of $376,960.00. Following the acquisition, the director owned 103,126 shares of the company’s stock, valued at $2,429,648.56. This trade represents a 18.36% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 35,934 shares of company stock valued at $965,041 over the last quarter. Company insiders own 9.20% of the company’s stock.

Heritage Insurance Trading Up 1.9%

Shares of Heritage Insurance stock opened at $27.06 on Friday. Heritage Insurance Holdings, Inc. has a 52-week low of $16.83 and a 52-week high of $31.98. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.15. The company’s 50-day simple moving average is $24.10 and its 200-day simple moving average is $25.84. The firm has a market cap of $821.27 million, a price-to-earnings ratio of 4.15 and a beta of 0.88.

Heritage Insurance (NYSE:HRTG) last issued its earnings results on Thursday, May 7th. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.34). The business had revenue of $212.66 million for the quarter, compared to analysts’ expectations of $215.39 million. Heritage Insurance had a return on equity of 43.68% and a net margin of 23.76%. As a group, equities research analysts anticipate that Heritage Insurance Holdings, Inc. will post 4.33 earnings per share for the current year.

About Heritage Insurance

Heritage Insurance Holdings, Inc (NYSE: HRTG) is a property and casualty insurance holding company that offers homeowners insurance and related coverage products in the United States. Through its primary subsidiary, Heritage Property & Casualty Insurance Company, the firm underwrites standard and non-standard personal lines insurance, including homeowners, dwelling fire, flood, and condominium policies. Heritage leverages a network of independent insurance agents to distribute its products across select regional markets, with an emphasis on serving property owners in areas prone to severe weather events.

Founded in 2011 and headquartered in Jupiter, Florida, Heritage Insurance has grown to become one of the leading providers of residential property insurance in the state.