Connor Clark & Lunn Investment Management Ltd. Purchases 70,100 Shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) by 22.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 388,587 shares of the insurance provider's stock after purchasing an additional 70,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 1.27% of Heritage Insurance worth $4,756,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. raised its stake in Heritage Insurance by 63.3% during the 2nd quarter. American Century Companies Inc. now owns 432,732 shares of the insurance provider's stock worth $3,064,000 after acquiring an additional 167,819 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Heritage Insurance by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,414,585 shares of the insurance provider's stock valued at $10,016,000 after buying an additional 96,923 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Heritage Insurance by 45.7% during the second quarter. Renaissance Technologies LLC now owns 436,099 shares of the insurance provider's stock valued at $3,088,000 after buying an additional 136,800 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Heritage Insurance by 263.3% during the second quarter. Bank of New York Mellon Corp now owns 87,814 shares of the insurance provider's stock valued at $622,000 after buying an additional 63,645 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Heritage Insurance during the third quarter valued at approximately $1,541,000. Institutional investors own 59.03% of the company's stock.

Heritage Insurance Price Performance

Shares of HRTG stock traded up $0.09 on Friday, reaching $12.39. The company's stock had a trading volume of 169,635 shares, compared to its average volume of 343,651. The stock's fifty day simple moving average is $12.06 and its 200-day simple moving average is $10.53. Heritage Insurance Holdings, Inc. has a 1 year low of $5.51 and a 1 year high of $16.90. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $380.13 million, a price-to-earnings ratio of 4.96 and a beta of 0.98.

Heritage Insurance (NYSE:HRTG - Get Free Report) last posted its 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 firm had revenue of $211.85 million during the quarter, compared to analyst estimates of $209.91 million. During the same period last year, the firm posted ($0.28) earnings per share. Analysts forecast that Heritage Insurance Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HRTG has been the topic of several recent analyst reports. Piper Sandler upgraded shares of Heritage Insurance from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $9.00 to $13.00 in a research report on Friday, August 9th. Truist Financial lifted their price objective on shares of Heritage Insurance from $11.00 to $12.00 and gave the company 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 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.