Heritage Insurance Holdings, Inc. (NYSE:HRTG) Stake Trimmed by Marshall Wace LLP

Marshall Wace LLP lessened its stake in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) by 30.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 664,124 shares of the insurance provider's stock after selling 287,686 shares during the period. Marshall Wace LLP owned about 2.16% of Heritage Insurance worth $8,036,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HRTG. State Street Corp raised its holdings in shares of Heritage Insurance by 27.4% during the third quarter. State Street Corp now owns 371,057 shares of the insurance provider's stock valued at $4,542,000 after acquiring an additional 79,802 shares during the period. SG Americas Securities LLC acquired a new stake in Heritage Insurance during the 4th quarter valued at $134,000. Exchange Traded Concepts LLC acquired a new stake in Heritage Insurance during the 4th quarter valued at $296,000. Empowered Funds LLC lifted its holdings in shares of Heritage Insurance by 5.1% in the fourth quarter. Empowered Funds LLC now owns 115,131 shares of the insurance provider's stock valued at $1,393,000 after purchasing an additional 5,579 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Heritage Insurance by 222.2% in the fourth quarter. New York State Common Retirement Fund now owns 2,900 shares of the insurance provider's stock worth $35,000 after buying an additional 2,000 shares during the period. 59.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at Heritage Insurance

In other Heritage Insurance news, CFO Kirk Lusk acquired 6,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average cost of $13.85 per share, for a total transaction of $83,100.00. Following the completion of the acquisition, the chief financial officer now owns 618,756 shares of the company's stock, valued at approximately $8,569,770.60. This trade represents a 0.98 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul L. Whiting bought 10,000 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 79,576 shares of the company's stock, valued at approximately $1,062,339.60. The trade was a 14.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 21,000 shares of company stock valued at $280,450 in the last three months. Corporate insiders own 14.00% of the company's stock.

Heritage Insurance Stock Up 3.4 %

Heritage Insurance stock opened at $19.35 on Wednesday. Heritage Insurance Holdings, Inc. has a twelve month low of $6.14 and a twelve month high of $19.90. 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 firm has a market cap of $828.87 million, a PE ratio of 7.74 and a beta of 0.93. The firm's 50 day moving average price is $13.96 and its two-hundred day moving average price is $12.36.

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

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.

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