Y Intercept Hong Kong Ltd Invests $271,000 in Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 22,425 shares of the insurance provider's stock, valued at approximately $271,000. Y Intercept Hong Kong Ltd owned approximately 0.07% of Heritage Insurance at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Heritage Insurance by 22.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 388,587 shares of the insurance provider's stock worth $4,756,000 after buying an additional 70,100 shares during the last quarter. State Street Corp boosted its stake 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 buying an additional 79,802 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Heritage Insurance in the 3rd quarter valued at $1,541,000. Empowered Funds LLC raised its holdings in shares of Heritage Insurance by 5.1% in the 4th quarter. Empowered Funds LLC now owns 115,131 shares of the insurance provider's stock valued at $1,393,000 after buying an additional 5,579 shares during the period. Finally, GSA Capital Partners LLP grew its stake in Heritage Insurance by 20.3% during the 3rd quarter. GSA Capital Partners LLP now owns 100,055 shares of the insurance provider's stock worth $1,225,000 after purchasing an additional 16,911 shares in the last quarter. 59.03% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Separately, StockNews.com raised Heritage Insurance from a "hold" rating to a "buy" rating in a research note on Monday, November 25th.

Heritage Insurance Stock Down 0.6 %

Shares of NYSE:HRTG traded down $0.07 on Friday, hitting $11.40. 137,414 shares of the company's stock were exchanged, compared to its average volume of 164,080. The firm's 50-day moving average is $11.57 and its 200 day moving average is $12.38. The company has a market capitalization of $349.80 million, a PE ratio of 4.56 and a beta of 1.01. Heritage Insurance Holdings, Inc. has a 1-year low of $6.14 and a 1-year high of $16.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.76 and a current ratio of 0.76.

Heritage Insurance declared that its board has initiated a stock buyback program on Monday, December 9th that allows the company to buyback $10.00 million in shares. This buyback authorization allows the insurance provider to purchase up to 2.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

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.