Susquehanna Fundamental Investments LLC Raises Stock Holdings in Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Susquehanna Fundamental Investments LLC lifted its stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) by 413.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,772 shares of the insurance provider's stock after buying an additional 60,207 shares during the quarter. Susquehanna Fundamental Investments LLC owned approximately 0.24% of Heritage Insurance worth $529,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in Heritage Insurance during the second quarter valued at $30,000. Valmark Advisers Inc. purchased a new position in Heritage Insurance in the 2nd quarter valued at about $80,000. Sei Investments Co. acquired a new stake in Heritage Insurance in the 2nd quarter worth about $102,000. Fortis Capital Advisors LLC purchased a new stake in Heritage Insurance during the 1st quarter worth approximately $134,000. Finally, Rhumbline Advisers lifted its position in shares of Heritage Insurance by 2,282.1% in the second quarter. Rhumbline Advisers now owns 30,967 shares of the insurance provider's stock valued at $219,000 after acquiring an additional 29,667 shares in the last quarter. 59.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Heritage Insurance

In other news, Chairman Richard A. Widdicombe bought 4,437 shares of the stock in a transaction dated Friday, August 16th. The shares were acquired at an average price of $14.55 per share, with a total value of $64,558.35. Following the completion of the acquisition, the chairman now directly owns 696,497 shares in the company, valued at approximately $10,134,031.35. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Richard A. Widdicombe purchased 4,437 shares of Heritage Insurance stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of $14.55 per share, for a total transaction of $64,558.35. Following the transaction, the chairman now owns 696,497 shares in the company, valued at approximately $10,134,031.35. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ernie J. Garateix purchased 5,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average price of $8.59 per share, for a total transaction of $42,950.00. Following the acquisition, the chief executive officer now owns 1,072,584 shares in the company, valued at approximately $9,213,496.56. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 14.00% of the stock is currently owned by company insiders.

Heritage Insurance Trading Up 2.2 %

HRTG traded up $0.26 during trading hours on Friday, reaching $12.19. The company's stock had a trading volume of 285,748 shares, compared to its average volume of 451,318. The business's 50-day moving average is $13.35 and its 200-day moving average is $10.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $373.45 million, a PE ratio of 7.27 and a beta of 0.97. Heritage Insurance Holdings, Inc. has a fifty-two week low of $5.03 and a fifty-two week high of $16.90.

Heritage Insurance (NYSE:HRTG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.38 by $0.23. Heritage Insurance had a net margin of 7.37% and a return on equity of 26.27%. The business had revenue of $203.57 million during the quarter, compared to the consensus estimate of $196.81 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. As a group, equities research analysts predict that Heritage Insurance Holdings, Inc. will post 1.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HRTG has been the topic of a number of research reports. Truist Financial raised their price objective on Heritage Insurance from $11.00 to $12.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Piper Sandler upgraded shares of Heritage Insurance from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $9.00 to $13.00 in a research report on Friday, August 9th. Finally, StockNews.com raised shares of Heritage Insurance from a "buy" rating to a "strong-buy" rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $10.67.

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.