Heritage Insurance Holdings, Inc. (NYSE:HRTG) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) by 37.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 147,780 shares of the insurance provider's stock after selling 87,239 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.48% of Heritage Insurance worth $1,788,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. nVerses Capital LLC purchased a new position in Heritage Insurance during the third quarter worth about $49,000. MetLife Investment Management LLC increased its stake in shares of Heritage Insurance by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 13,391 shares of the insurance provider's stock valued at $164,000 after acquiring an additional 7,545 shares during the last quarter. Sei Investments Co. purchased a new position in shares of Heritage Insurance during the 2nd quarter worth about $102,000. Cornercap Investment Counsel Inc. purchased a new stake in Heritage Insurance during the 3rd quarter worth $206,000. Finally, BNP Paribas Financial Markets increased its holdings in Heritage Insurance by 412.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 19,215 shares of the insurance provider's stock valued at $235,000 after purchasing an additional 15,468 shares in the last quarter. Institutional investors and hedge funds own 59.03% of the company's stock.

Insider Buying and Selling at Heritage Insurance

In other news, Director Nicholas George Pappas sold 4,000 shares of the business's stock in a transaction dated 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 owns 76,314 shares of the company's stock, valued at approximately $964,608.96. The trade was a 4.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 14.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Heritage Insurance Stock Down 1.0 %

Shares of HRTG stock traded down $0.11 on Friday, hitting $11.17. The stock had a trading volume of 119,260 shares, compared to its average volume of 175,904. Heritage Insurance Holdings, Inc. has a 52-week low of $5.51 and a 52-week high of $16.90. The firm has a market capitalization of $342.70 million, a price-to-earnings ratio of 4.47 and a beta of 1.03. 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's 50 day moving average is $11.95 and its 200-day moving average is $11.74.

Heritage Insurance (NYSE:HRTG - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $209.91 million. During the same period in the prior year, the company posted ($0.28) EPS. As a group, research analysts expect that Heritage Insurance Holdings, Inc. will post 1.34 earnings per share for the current year.

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

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.