Segall Bryant & Hamill LLC Takes Position in Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Segall Bryant & Hamill LLC purchased a new stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 125,867 shares of the insurance provider's stock, valued at approximately $1,541,000. Segall Bryant & Hamill LLC owned 0.41% of Heritage Insurance at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of HRTG. nVerses Capital LLC bought a new position in Heritage Insurance in the third quarter worth $49,000. Innealta Capital LLC acquired a new stake in shares of Heritage Insurance during the 2nd quarter valued at about $30,000. Valmark Advisers Inc. acquired a new stake in shares of Heritage Insurance during the 2nd quarter valued at about $80,000. Sei Investments Co. acquired a new position in shares of Heritage Insurance in the 2nd quarter worth approximately $102,000. Finally, Cornercap Investment Counsel Inc. bought a new position in shares of Heritage Insurance during the third quarter valued at $206,000. 59.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HRTG has been the topic of a number of research analyst reports. Piper Sandler upgraded Heritage Insurance from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $9.00 to $13.00 in a research report on Friday, August 9th. Truist Financial upped their price target on shares of Heritage Insurance from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Thursday, August 8th. Finally, StockNews.com upgraded shares of Heritage Insurance from a "hold" rating to a "buy" rating in a research report on Saturday, November 16th.

Heritage Insurance Trading Up 0.7 %

Shares of NYSE HRTG traded up $0.09 during midday trading on Friday, hitting $12.39. The stock had a trading volume of 169,635 shares, compared to its average volume of 343,651. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.76 and a quick ratio of 0.76. Heritage Insurance Holdings, Inc. has a fifty-two week low of $5.51 and a fifty-two week high of $16.90. The firm has a market cap of $380.13 million, a P/E ratio of 4.96 and a beta of 0.98. The company's 50-day simple moving average is $12.06 and its 200 day simple moving average is $10.53.

Heritage Insurance (NYSE:HRTG - Get Free Report) last released its earnings results on Wednesday, November 6th. The insurance provider reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.25. Heritage Insurance had a net margin of 9.10% and a return on equity of 29.17%. The firm had revenue of $211.85 million during the quarter, compared to analyst estimates of $209.91 million. During the same quarter in the previous year, the business earned ($0.28) EPS. Research analysts anticipate that Heritage Insurance Holdings, Inc. will post 1.27 EPS for the current year.

Heritage Insurance Company Profile

Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential insurance in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; commercial residential insurance for properties in Florida, New Jersey, and New York; and licensed in the state of Pennsylvania, as well as personal residential and wind-only property insurance.