D L Carlson Investment Group Inc. Makes New Investment in Heritage Insurance Holdings, Inc. (NYSE:HRTG)

D L Carlson Investment Group Inc. acquired a new position in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 52,430 shares of the insurance provider's stock, valued at approximately $634,000. D L Carlson Investment Group Inc. owned about 0.17% of Heritage Insurance at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. New York State Common Retirement Fund grew its holdings in shares of Heritage Insurance by 222.2% in the 4th quarter. New York State Common Retirement Fund now owns 2,900 shares of the insurance provider's stock valued at $35,000 after buying an additional 2,000 shares during the period. SG Americas Securities LLC bought a new stake in shares of Heritage Insurance during the fourth quarter worth $134,000. Brandywine Global Investment Management LLC raised its holdings in shares of Heritage Insurance by 21.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 12,400 shares of the insurance provider's stock worth $150,000 after acquiring an additional 2,210 shares during the period. US Bancorp DE lifted its position in Heritage Insurance by 91,671.4% in the 4th quarter. US Bancorp DE now owns 12,848 shares of the insurance provider's stock valued at $155,000 after acquiring an additional 12,834 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Heritage Insurance by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 13,391 shares of the insurance provider's stock worth $164,000 after purchasing an additional 7,545 shares during the period. 59.03% of the stock is owned by institutional investors.

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Insider Activity at Heritage Insurance

In other Heritage Insurance news, CEO Ernie J. Garateix purchased 5,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of $12.77 per share, for a total transaction of $63,850.00. Following the purchase, the chief executive officer now owns 1,270,808 shares in the company, valued at approximately $16,228,218.16. The trade was a 0.40 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kirk Lusk bought 6,000 shares of Heritage Insurance stock in a transaction that occurred on Friday, March 14th. The shares were bought 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 directly owns 618,756 shares in the company, valued at $8,569,770.60. This trade represents a 0.98 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders bought 21,000 shares of company stock valued at $280,450. 14.00% of the stock is owned by corporate insiders.

Heritage Insurance Stock Up 1.2 %

Heritage Insurance stock traded up $0.19 during mid-day trading on Thursday, reaching $15.72. The company's stock had a trading volume of 293,685 shares, compared to its average volume of 193,927. The business's 50 day simple moving average is $12.32 and its 200 day simple moving average is $12.11. 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 12 month low of $6.14 and a 12 month high of $16.90. The company has a market capitalization of $673.40 million, a price-to-earnings ratio of 6.28 and a beta of 1.00.

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

Heritage Insurance declared that its board has authorized a stock repurchase program on Monday, December 9th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the insurance provider to reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

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

Heritage Insurance 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.