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

Assenagon Asset Management S.A. lifted its position in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) by 87.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 235,019 shares of the insurance provider's stock after buying an additional 109,714 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.77% of Heritage Insurance worth $2,877,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Innealta Capital LLC purchased a new position in shares of Heritage Insurance during the second quarter valued at about $30,000. nVerses Capital LLC bought a new stake in Heritage Insurance in the 3rd quarter worth approximately $49,000. Valmark Advisers Inc. purchased a new stake in shares of Heritage Insurance during the 2nd quarter worth approximately $80,000. Sei Investments Co. bought a new position in shares of Heritage Insurance during the 2nd quarter valued at approximately $102,000. Finally, Fortis Capital Advisors LLC purchased a new position in shares of Heritage Insurance in the first quarter valued at $134,000. Hedge funds and other institutional investors own 59.03% of the company's stock.

Insiders Place Their Bets

In other news, CEO Ernie J. Garateix purchased 5,000 shares of the business's stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of $8.59 per share, for a total transaction 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 position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Chairman Richard A. Widdicombe bought 4,437 shares of the business's stock in a transaction on Friday, August 16th. The shares were bought at an average price of $14.55 per share, for a total transaction of $64,558.35. Following the completion of the purchase, the chairman now directly owns 696,497 shares of the company's stock, valued at approximately $10,134,031.35. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernie J. Garateix bought 5,000 shares of the business's stock in a transaction on Friday, August 9th. The stock was bought at an average price of $8.59 per share, for a total transaction of $42,950.00. Following the purchase, the chief executive officer now directly owns 1,072,584 shares of the company's stock, valued at $9,213,496.56. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 14.00% of the company's stock.

Heritage Insurance Trading Down 3.7 %

Heritage Insurance stock traded down $0.40 during midday trading on Thursday, reaching $10.35. The stock had a trading volume of 366,756 shares, compared to its average volume of 471,056. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.47. The firm has a market cap of $317.08 million, a price-to-earnings ratio of 6.55 and a beta of 0.95. Heritage Insurance Holdings, Inc. has a 52-week low of $5.51 and a 52-week high of $16.90. The company has a fifty day moving average of $13.45 and a 200 day moving average of $10.28.

Heritage Insurance (NYSE:HRTG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $0.61 earnings per share (EPS) for the quarter, beating 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 company had revenue of $203.57 million during the quarter, compared to analysts' expectations of $196.81 million. During the same quarter in the previous year, the business earned $0.32 EPS. On average, analysts anticipate that Heritage Insurance Holdings, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

HRTG has been the subject of a number of recent research reports. Truist Financial lifted their price objective on shares of Heritage Insurance from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. StockNews.com cut Heritage Insurance from a "strong-buy" rating to a "buy" rating in a research note on Friday, October 18th. Finally, Piper Sandler raised Heritage Insurance from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $9.00 to $13.00 in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.