Heritage Insurance Holdings, Inc. (NYSE:HRTG) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 22.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 388,587 shares of the insurance provider’s stock after acquiring an additional 70,100 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Heritage Insurance were worth $4,756,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. ClariVest Asset Management LLC raised its position in shares of Heritage Insurance by 2.7% during the 2nd quarter. ClariVest Asset Management LLC now owns 61,396 shares of the insurance provider’s stock worth $435,000 after purchasing an additional 1,620 shares during the period. Victory Capital Management Inc. grew its stake in Heritage Insurance by 3.9% during the 2nd quarter. Victory Capital Management Inc. now owns 106,000 shares of the insurance provider’s stock worth $750,000 after buying an additional 4,000 shares during the last quarter. nVerses Capital LLC acquired a new stake in Heritage Insurance in the third quarter worth $49,000. Innealta Capital LLC bought a new stake in Heritage Insurance in the second quarter valued at $30,000. Finally, Empowered Funds LLC boosted its holdings in shares of Heritage Insurance by 5.3% during the third quarter. Empowered Funds LLC now owns 109,552 shares of the insurance provider’s stock valued at $1,341,000 after acquiring an additional 5,494 shares during the period. Institutional investors own 59.03% of the company’s stock.

Heritage Insurance Stock Performance

Shares of HRTG opened at $12.39 on Friday. The firm has a market capitalization of $380.13 million, a PE ratio of 4.96 and a beta of 0.98. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $12.06 and a 200 day moving average price of $10.53. Heritage Insurance Holdings, Inc. has a 52-week low of $5.51 and a 52-week high of $16.90.

Heritage Insurance (NYSE:HRTG) last posted its quarterly earnings data on Wednesday, November 6th. The insurance provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.25. Heritage Insurance had a net margin of 9.10% and a return on equity of 29.17%. The business had revenue of $211.85 million for the quarter, compared to analyst estimates of $209.91 million. During the same quarter last year, the business earned ($0.28) earnings per share. On average, sell-side analysts anticipate that Heritage Insurance Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HRTG. Piper Sandler upgraded shares of Heritage Insurance from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $9.00 to $13.00 in a research report on Friday, August 9th. Truist Financial lifted 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 “hold” rating to a “buy” rating in a report on Saturday, November 16th.

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.