Charles Schwab Investment Management Inc. lifted its position in Heritage Insurance Holdings Inc (NYSE:HRTG) by 30.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,155 shares of the insurance provider’s stock after acquiring an additional 15,337 shares during the period. Charles Schwab Investment Management Inc. owned 0.22% of Heritage Insurance worth $1,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of the company. Chicago Equity Partners LLC acquired a new position in shares of Heritage Insurance in the 2nd quarter valued at $668,000. Aperio Group LLC acquired a new position in shares of Heritage Insurance in the 2nd quarter valued at $179,000. Panagora Asset Management Inc. acquired a new position in shares of Heritage Insurance in the 2nd quarter valued at $687,000. Dimensional Fund Advisors LP lifted its stake in shares of Heritage Insurance by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 962,667 shares of the insurance provider’s stock valued at $14,170,000 after purchasing an additional 43,451 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of Heritage Insurance by 11.5% in the 2nd quarter. Swiss National Bank now owns 44,500 shares of the insurance provider’s stock valued at $686,000 after purchasing an additional 4,600 shares during the last quarter. 67.45% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on HRTG shares. Zacks Investment Research raised Heritage Insurance from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 25th. Sandler O’Neill lowered Heritage Insurance from a “buy” rating to a “hold” rating and decreased their price target for the company from $18.00 to $17.00 in a research note on Tuesday, July 16th. TheStreet downgraded Heritage Insurance from a “b” rating to a “c+” rating in a report on Friday, August 2nd. Finally, ValuEngine upgraded Heritage Insurance from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $17.38.
Shares of HRTG stock traded up $0.12 on Friday, hitting $13.95. The stock had a trading volume of 177,691 shares, compared to its average volume of 147,773. The company’s 50 day moving average price is $14.33 and its 200-day moving average price is $14.61. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.77 and a quick ratio of 0.77. Heritage Insurance Holdings Inc has a 1 year low of $12.85 and a 1 year high of $16.95. The firm has a market capitalization of $416.41 million, a P/E ratio of 10.11 and a beta of 0.77.
Heritage Insurance (NYSE:HRTG) last issued its quarterly earnings results on Thursday, August 1st. The insurance provider reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.30. Heritage Insurance had a return on equity of 6.09% and a net margin of 3.58%. The company had revenue of $122.84 million for the quarter, compared to the consensus estimate of $119.12 million. On average, equities analysts forecast that Heritage Insurance Holdings Inc will post 0.9 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Monday, September 16th were issued a $0.06 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.72%. Heritage Insurance’s payout ratio is currently 17.39%.
Heritage Insurance Company Profile
Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential property insurance for single-family homeowners and condominium owners; rental property insurance; and commercial residential insurance in Alabama, Connecticut, Florida, Georgia, Hawaii, Massachusetts, New York, New Jersey, North Carolina, Rhode Island, and South Carolina, as well as residential wind-only property insurance.
Featured Article: What is a short straddle?
Receive News & Ratings for Heritage Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heritage Insurance and related companies with MarketBeat.com's FREE daily email newsletter.