Walleye Capital LLC Takes $191,000 Position in Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Walleye Capital LLC acquired a new stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,786 shares of the insurance provider's stock, valued at approximately $191,000. Walleye Capital LLC owned 0.05% of Heritage Insurance as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in HRTG. State Street Corp raised its holdings in Heritage Insurance by 27.4% during the third quarter. State Street Corp now owns 371,057 shares of the insurance provider's stock worth $4,542,000 after purchasing an additional 79,802 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Heritage Insurance during the fourth quarter worth approximately $134,000. Exchange Traded Concepts LLC purchased a new position in Heritage Insurance during the 4th quarter worth $296,000. Empowered Funds LLC boosted its stake in shares of Heritage Insurance by 5.1% during the fourth quarter. Empowered Funds LLC now owns 115,131 shares of the insurance provider's stock worth $1,393,000 after buying an additional 5,579 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in shares of Heritage Insurance by 222.2% during the fourth quarter. New York State Common Retirement Fund now owns 2,900 shares of the insurance provider's stock worth $35,000 after buying an additional 2,000 shares during the period. Hedge funds and other institutional investors own 59.03% 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 Price Performance

Shares of HRTG stock traded up $0.25 during midday trading on Tuesday, reaching $19.14. 259,483 shares of the company traded hands, compared to its average volume of 387,121. The firm's 50 day simple moving average is $14.47 and its two-hundred day simple moving average is $12.63. Heritage Insurance Holdings, Inc. has a 1-year low of $6.14 and a 1-year high of $19.93. 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 cap of $819.83 million, a PE ratio of 7.65 and a beta of 0.93.

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

Insider Activity at Heritage Insurance

In other Heritage Insurance news, CFO Kirk Lusk bought 6,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $13.85 per share, with a total value of $83,100.00. Following the completion of the acquisition, the chief financial officer now owns 618,756 shares of the company's stock, valued at approximately $8,569,770.60. This trade represents a 0.98 % 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. Also, Director Paul L. Whiting purchased 10,000 shares of the stock in a transaction dated Friday, March 14th. The shares were purchased 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 approximately $1,062,339.60. The trade was a 14.37 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 21,000 shares of company stock valued at $280,450 over the last ninety days. Corporate insiders own 14.00% of the company's stock.

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.