WINTON GROUP Ltd Raises Stock Holdings in Heritage Insurance Holdings, Inc. (NYSE:HRTG)

WINTON GROUP Ltd boosted its stake in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 109.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,519 shares of the insurance provider’s stock after buying an additional 24,327 shares during the quarter. WINTON GROUP Ltd’s holdings in Heritage Insurance were worth $563,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HRTG. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Heritage Insurance by 109.7% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 29,499 shares of the insurance provider’s stock worth $361,000 after acquiring an additional 15,433 shares during the last quarter. FMR LLC raised its position in Heritage Insurance by 28,416.9% in the third quarter. FMR LLC now owns 87,547 shares of the insurance provider’s stock valued at $1,072,000 after purchasing an additional 87,240 shares during the period. BNP Paribas Financial Markets lifted its stake in Heritage Insurance by 412.8% during the third quarter. BNP Paribas Financial Markets now owns 19,215 shares of the insurance provider’s stock worth $235,000 after purchasing an additional 15,468 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of Heritage Insurance by 129.1% during the third quarter. MetLife Investment Management LLC now owns 13,391 shares of the insurance provider’s stock worth $164,000 after buying an additional 7,545 shares during the period. Finally, Verition Fund Management LLC grew its stake in shares of Heritage Insurance by 15.1% in the third quarter. Verition Fund Management LLC now owns 32,700 shares of the insurance provider’s stock valued at $400,000 after buying an additional 4,300 shares in the last quarter. 59.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Heritage Insurance news, CFO Kirk Lusk acquired 6,000 shares of the stock in a transaction dated Friday, March 14th. The stock was acquired at an average cost of $13.85 per share, with a total value of $83,100.00. Following the transaction, the chief financial officer now owns 618,756 shares in the company, valued at $8,569,770.60. The trade was a 0.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul L. Whiting acquired 10,000 shares of the company’s 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 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 bought 21,000 shares of company stock worth $280,450 over the last 90 days. 14.00% of the stock is owned by insiders.

Heritage Insurance Price Performance

Shares of HRTG opened at $14.76 on Monday. The company has a market cap of $632.32 million, a P/E ratio of 5.90 and a beta of 1.00. Heritage Insurance Holdings, Inc. has a fifty-two week low of $6.14 and a fifty-two week high of $16.90. 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’s 50 day moving average price is $12.08 and its 200 day moving average price is $12.10.

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

Heritage Insurance announced that its Board of Directors has authorized a stock repurchase program on Monday, December 9th that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the insurance provider to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

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

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.