Dimensional Fund Advisors LP Purchases 96,923 Shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Dimensional Fund Advisors LP lifted its holdings in Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) by 7.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,414,585 shares of the insurance provider's stock after purchasing an additional 96,923 shares during the quarter. Dimensional Fund Advisors LP owned 4.62% of Heritage Insurance worth $10,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. ClariVest Asset Management LLC increased its position in Heritage Insurance by 2.7% during the second quarter. ClariVest Asset Management LLC now owns 61,396 shares of the insurance provider's stock valued at $435,000 after acquiring an additional 1,620 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Heritage Insurance by 3.9% during the second quarter. Victory Capital Management Inc. now owns 106,000 shares of the insurance provider's stock valued at $750,000 after purchasing an additional 4,000 shares during the period. Innealta Capital LLC bought a new stake in Heritage Insurance during the second quarter valued at about $30,000. Empowered Funds LLC grew its holdings in Heritage Insurance by 8.1% during the first quarter. Empowered Funds LLC now owns 96,678 shares of the insurance provider's stock valued at $1,030,000 after purchasing an additional 7,203 shares during the period. Finally, Valmark Advisers Inc. bought a new stake in Heritage Insurance during the second quarter valued at about $80,000. Hedge funds and other institutional investors own 59.03% of the company's stock.

Heritage Insurance Price Performance

Shares of NYSE HRTG traded down $2.88 during mid-day trading on Monday, reaching $9.31. The company's stock had a trading volume of 2,474,827 shares, compared to its average volume of 461,801. The firm has a market capitalization of $285.22 million, a PE ratio of 5.70 and a beta of 0.95. 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 fifty day moving average of $13.44 and a two-hundred day moving average of $10.28. Heritage Insurance Holdings, Inc. has a 52 week low of $5.03 and a 52 week high of $16.90.

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

Insider Activity at Heritage Insurance

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HRTG. Piper Sandler raised Heritage Insurance from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $9.00 to $13.00 in a report on Friday, August 9th. Truist Financial boosted their price target on Heritage Insurance from $11.00 to $12.00 and gave the company a "buy" rating in a report on Thursday, August 8th. Finally, StockNews.com raised Heritage Insurance from a "buy" rating to a "strong-buy" rating in a report on Tuesday, October 1st. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Heritage Insurance presently has an average rating of "Buy" and an average 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.