WINTON GROUP Ltd Buys 24,327 Shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG)

WINTON GROUP Ltd raised its stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) by 109.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,519 shares of the insurance provider's stock after acquiring an additional 24,327 shares during the period. WINTON GROUP Ltd owned approximately 0.15% of Heritage Insurance worth $563,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. New York State Common Retirement Fund lifted its stake in Heritage Insurance by 222.2% during 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 acquiring an additional 2,000 shares during the period. SG Americas Securities LLC bought a new position in Heritage Insurance during the fourth quarter valued at approximately $134,000. US Bancorp DE grew 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 worth $155,000 after purchasing an additional 12,834 shares during the period. MetLife Investment Management LLC grew its position 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. Finally, Bailard Inc. purchased a new stake in Heritage Insurance during the 4th quarter valued at $202,000. 59.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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Insiders Place Their Bets

In other Heritage Insurance news, CFO Kirk Lusk purchased 6,000 shares of the firm's stock in a transaction on Friday, March 14th. The shares were acquired at an average cost of $13.85 per share, with a total value of $83,100.00. Following the completion of the acquisition, the chief financial officer now directly owns 618,756 shares in the company, valued at $8,569,770.60. The trade was a 0.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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, for a total transaction of $133,500.00. Following the purchase, the director now directly owns 79,576 shares in the company, valued at $1,062,339.60. This trade represents a 14.37 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 21,000 shares of company stock worth $280,450. Company insiders own 14.00% of the company's stock.

Heritage Insurance Stock Performance

Shares of Heritage Insurance stock traded down $0.04 on Thursday, hitting $15.49. 196,420 shares of the company's stock were exchanged, compared to its average volume of 376,904. Heritage Insurance Holdings, Inc. has a 1 year low of $6.14 and a 1 year high of $16.90. The company has a 50-day simple moving average of $12.32 and a 200-day simple moving average of $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. The stock has a market capitalization of $663.59 million, a PE ratio of 6.20 and a beta of 1.00.

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

Heritage Insurance declared that its board has authorized a stock buyback plan on Monday, December 9th that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the insurance provider to purchase up to 2.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

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.