Fmr LLC Has $1.07 Million Holdings in Heritage Insurance Holdings, Inc. (NYSE:HRTG)

FMR LLC increased its holdings in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) by 28,416.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 87,547 shares of the insurance provider's stock after purchasing an additional 87,240 shares during the period. FMR LLC owned 0.29% of Heritage Insurance worth $1,072,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. ClariVest Asset Management LLC grew its holdings in Heritage Insurance by 2.7% during the second quarter. ClariVest Asset Management LLC now owns 61,396 shares of the insurance provider's stock worth $435,000 after purchasing an additional 1,620 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Heritage Insurance by 3.9% during the second quarter. Victory Capital Management Inc. now owns 106,000 shares of the insurance provider's stock worth $750,000 after acquiring an additional 4,000 shares during the period. nVerses Capital LLC bought a new stake in shares of Heritage Insurance during the third quarter worth approximately $49,000. Innealta Capital LLC bought a new stake in shares of Heritage Insurance during the second quarter worth approximately $30,000. Finally, Empowered Funds LLC boosted its holdings in shares of Heritage Insurance by 5.3% during the third quarter. Empowered Funds LLC now owns 109,552 shares of the insurance provider's stock worth $1,341,000 after acquiring an additional 5,494 shares during the period. Institutional investors own 59.03% of the company's stock.

Insider Activity

In other news, Director Nicholas George Pappas sold 4,000 shares of Heritage Insurance stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $12.64, for a total value of $50,560.00. Following the completion of the sale, the director now directly owns 76,314 shares in the company, valued at approximately $964,608.96. The trade was a 4.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 14.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Heritage Insurance from a "hold" rating to a "buy" rating in a report on Monday, November 25th.

Heritage Insurance Stock Performance

Shares of NYSE:HRTG traded down $0.33 during trading on Tuesday, reaching $12.15. 170,182 shares of the stock were exchanged, compared to its average volume of 443,004. Heritage Insurance Holdings, Inc. has a 12 month low of $5.51 and a 12 month high of $16.90. The firm has a market cap of $372.81 million, a PE ratio of 4.86 and a beta of 1.02. The stock has a 50-day moving average price of $11.54 and a 200-day moving average price of $10.99. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42.

Heritage Insurance (NYSE:HRTG - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The insurance provider reported $0.27 earnings per share for the quarter, beating 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 company had revenue of $211.85 million during the quarter, compared to the consensus estimate of $209.91 million. During the same period in the previous year, the business earned ($0.28) earnings per share. Research analysts expect that Heritage Insurance Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Heritage Insurance declared that its Board of Directors has approved a stock repurchase plan on Monday, December 9th that permits the company to buyback $10.00 million in shares. This buyback authorization permits the insurance provider to repurchase up to 2.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

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.