Heritage Insurance Holdings, Inc. $HRTG Stock Holdings Lifted by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC boosted its holdings in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 27.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 458,929 shares of the insurance provider’s stock after buying an additional 98,246 shares during the period. Heritage Insurance makes up 2.5% of Pacific Ridge Capital Partners LLC’s holdings, making the stock its 2nd largest position. Pacific Ridge Capital Partners LLC owned approximately 1.48% of Heritage Insurance worth $11,556,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Financial Management Professionals Inc. acquired a new position in shares of Heritage Insurance during the third quarter valued at about $26,000. Nisa Investment Advisors LLC boosted its stake in Heritage Insurance by 2,413.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,106 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 1,062 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Heritage Insurance during the 3rd quarter worth approximately $36,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Heritage Insurance during the 3rd quarter valued at approximately $66,000. Finally, BNP Paribas Financial Markets increased its stake in Heritage Insurance by 77.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,035 shares of the insurance provider’s stock valued at $76,000 after purchasing an additional 1,323 shares in the last quarter. Institutional investors and hedge funds own 59.03% of the company’s stock.

Heritage Insurance Trading Down 1.5%

NYSE HRTG opened at $27.24 on Thursday. The company has a market capitalization of $841.96 million, a PE ratio of 5.64 and a beta of 0.96. The company has a fifty day moving average of $26.67 and a 200 day moving average of $25.87. Heritage Insurance Holdings, Inc. has a 1 year low of $9.89 and a 1 year high of $31.98. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.82.

Analyst Ratings Changes

Several equities research analysts have recently commented on HRTG shares. Zacks Research downgraded shares of Heritage Insurance from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Heritage Insurance in a research report on Monday, December 29th. Finally, Truist Financial boosted their price target on Heritage Insurance from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Heritage Insurance presently has an average rating of “Moderate Buy” and an average target price of $32.50.

Insider Transactions at Heritage Insurance

In other news, CEO Ernie J. Garateix sold 8,334 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $24.12, for a total value of $201,016.08. Following the completion of the transaction, the chief executive officer owned 1,120,170 shares of the company’s stock, valued at $27,018,500.40. The trade was a 0.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kirk Lusk sold 8,331 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $28.21, for a total value of $235,017.51. Following the completion of the sale, the chief financial officer owned 550,425 shares in the company, valued at $15,527,489.25. The trade was a 1.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 48,333 shares of company stock valued at $1,325,269 in the last quarter. Company insiders own 15.20% of the company’s stock.

Heritage Insurance Company Profile

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.