Martingale Asset Management L P Invests $474,000 in Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Martingale Asset Management L P purchased a new position in Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 39,145 shares of the insurance provider's stock, valued at approximately $474,000. Martingale Asset Management L P owned about 0.13% of Heritage Insurance as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC boosted its holdings in Heritage Insurance by 176.9% in the fourth quarter. Segall Bryant & Hamill LLC now owns 348,556 shares of the insurance provider's stock valued at $4,218,000 after purchasing an additional 222,689 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its position in shares of Heritage Insurance by 33.7% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 813,557 shares of the insurance provider's stock worth $9,844,000 after buying an additional 205,195 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Heritage Insurance by 24.0% in the 4th quarter. Invesco Ltd. now owns 944,639 shares of the insurance provider's stock valued at $11,430,000 after buying an additional 182,624 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Heritage Insurance in the 4th quarter valued at $1,123,000. Finally, FMR LLC grew its position in shares of Heritage Insurance by 28,416.9% in the 3rd quarter. FMR LLC now owns 87,547 shares of the insurance provider's stock valued at $1,072,000 after buying an additional 87,240 shares during the last quarter. Institutional investors and hedge funds own 59.03% of the company's stock.

Heritage Insurance Stock Performance

Shares of HRTG stock traded up $1.00 during trading hours on Friday, hitting $18.80. The stock had a trading volume of 559,782 shares, compared to its average volume of 381,132. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $805.48 million, a PE ratio of 7.52 and a beta of 0.93. The stock's 50 day moving average is $13.54 and its 200 day moving average is $12.21. Heritage Insurance Holdings, Inc. has a twelve month low of $6.14 and a twelve month high of $18.91.

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

Insider Buying and Selling at Heritage Insurance

In other Heritage Insurance news, CEO Ernie J. Garateix purchased 5,000 shares of Heritage Insurance stock in a transaction dated Friday, March 14th. The stock was acquired at an average cost of $12.77 per share, with a total value of $63,850.00. Following the acquisition, the chief executive officer now directly owns 1,270,808 shares of the company's stock, valued at $16,228,218.16. This represents a 0.40 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul L. Whiting acquired 10,000 shares of the business's stock in a transaction on Friday, March 14th. The stock was acquired at an average price of $13.35 per share, with a total value of $133,500.00. Following the transaction, the director now directly owns 79,576 shares of the company's stock, valued at $1,062,339.60. This represents a 14.37 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 21,000 shares of company stock valued at $280,450 in the last ninety days. Insiders own 14.00% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Heritage Insurance from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th.

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.