Arrowstreet Capital Limited Partnership Has $1.24 Million Holdings in Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Arrowstreet Capital Limited Partnership lessened its stake in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) by 27.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 102,137 shares of the insurance provider's stock after selling 38,320 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.33% of Heritage Insurance worth $1,236,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Segall Bryant & Hamill LLC lifted its stake in Heritage Insurance by 176.9% in the 4th quarter. Segall Bryant & Hamill LLC now owns 348,556 shares of the insurance provider's stock worth $4,218,000 after acquiring an additional 222,689 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its position in Heritage Insurance by 33.7% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 813,557 shares of the insurance provider's stock valued at $9,844,000 after purchasing an additional 205,195 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Heritage Insurance in the 4th quarter valued at approximately $1,123,000. FMR LLC lifted its position in Heritage Insurance by 28,416.9% in the 3rd quarter. FMR LLC now owns 87,547 shares of the insurance provider's stock worth $1,072,000 after buying an additional 87,240 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Heritage Insurance by 27.4% during the 3rd quarter. State Street Corp now owns 371,057 shares of the insurance provider's stock valued at $4,542,000 after buying an additional 79,802 shares during the period. 59.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut Heritage Insurance from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th.

Insider Transactions at Heritage Insurance

In other news, Director Paul L. Whiting bought 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average cost of $13.35 per share, with a total value of $133,500.00. Following the completion of the transaction, the director now directly owns 79,576 shares in the company, valued at $1,062,339.60. This represents a 14.37 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kirk Lusk purchased 6,000 shares of the business's stock in a transaction on Friday, March 14th. The stock was purchased at an average cost of $13.85 per share, with a total value of $83,100.00. Following the acquisition, the chief financial officer now owns 618,756 shares in the company, valued at approximately $8,569,770.60. This represents a 0.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 21,000 shares of company stock worth $280,450. Company insiders own 14.00% of the company's stock.

Heritage Insurance Stock Up 3.5 %

Shares of NYSE HRTG traded up $0.63 during mid-day trading on Thursday, reaching $18.43. 127,418 shares of the company traded hands, compared to its average volume of 379,017. The company's fifty day moving average is $13.40 and its two-hundred day moving average is $12.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.76 and a current ratio of 0.76. Heritage Insurance Holdings, Inc. has a fifty-two week low of $6.14 and a fifty-two week high of $20.14. The stock has a market cap of $789.58 million, a PE ratio of 7.32 and a beta of 0.93.

Heritage Insurance (NYSE:HRTG - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The insurance provider reported $0.66 EPS for the quarter, beating analysts' consensus estimates of ($0.17) by $0.83. Heritage Insurance had a net margin of 9.10% and a return on equity of 29.17%. The company had revenue of $210.26 million for the quarter, compared to analyst estimates of $199.87 million. On average, analysts expect that Heritage Insurance Holdings, Inc. will post 1.86 earnings per share for the current year.

About Heritage Insurance

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.