Heritage Insurance Holdings, Inc. (NYSE:HRTG) is Pacific Ridge Capital Partners LLC's 6th Largest Position

Pacific Ridge Capital Partners LLC increased its position in Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) by 33.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 813,557 shares of the insurance provider's stock after buying an additional 205,195 shares during the period. Heritage Insurance accounts for about 2.3% of Pacific Ridge Capital Partners LLC's investment portfolio, making the stock its 6th biggest position. Pacific Ridge Capital Partners LLC owned about 2.65% of Heritage Insurance worth $9,844,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund raised its position in shares of Heritage Insurance by 222.2% during the 4th quarter. New York State Common Retirement Fund now owns 2,900 shares of the insurance provider's stock valued at $35,000 after buying an additional 2,000 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Heritage Insurance in the 4th quarter valued at approximately $134,000. US Bancorp DE boosted its holdings in shares of Heritage Insurance by 91,671.4% in the 4th quarter. US Bancorp DE now owns 12,848 shares of the insurance provider's stock worth $155,000 after purchasing an additional 12,834 shares during the period. MetLife Investment Management LLC increased its position in shares of Heritage Insurance by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 13,391 shares of the insurance provider's stock valued at $164,000 after purchasing an additional 7,545 shares during the last quarter. Finally, Bailard Inc. bought a new position in Heritage Insurance during the fourth quarter valued at $202,000. Hedge funds and other institutional investors own 59.03% of the company's stock.

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Heritage Insurance Trading Down 4.2 %

Shares of NYSE:HRTG traded down $0.62 on Monday, hitting $14.13. 142,561 shares of the company's stock were exchanged, compared to its average volume of 378,933. The business's 50 day simple moving average is $12.08 and its two-hundred day simple moving average is $12.10. 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 stock has a market capitalization of $605.29 million, a price-to-earnings ratio of 5.67 and a beta of 1.00. Heritage Insurance Holdings, Inc. has a 12 month low of $6.14 and a 12 month high of $16.90.

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

Heritage Insurance announced that its Board of Directors has authorized a stock buyback plan on Monday, December 9th that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the insurance provider to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Insider Activity at Heritage Insurance

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

Analyst Ratings Changes

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

Heritage Insurance Company 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.