Heritage Insurance Holdings, Inc. (NYSE:HRTG) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC grew its stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 176.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 348,556 shares of the insurance provider’s stock after purchasing an additional 222,689 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 1.14% of Heritage Insurance worth $4,218,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in Heritage Insurance in the fourth quarter worth $1,123,000. FMR LLC boosted its holdings in shares of Heritage Insurance by 28,416.9% in the 3rd quarter. FMR LLC now owns 87,547 shares of the insurance provider’s stock valued at $1,072,000 after buying an additional 87,240 shares during the period. State Street Corp grew its position in shares of Heritage Insurance by 27.4% during the 3rd quarter. State Street Corp now owns 371,057 shares of the insurance provider’s stock valued at $4,542,000 after buying an additional 79,802 shares during the last quarter. American Century Companies Inc. raised its stake in Heritage Insurance by 14.8% during the fourth quarter. American Century Companies Inc. now owns 589,899 shares of the insurance provider’s stock worth $7,138,000 after acquiring an additional 76,032 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in Heritage Insurance by 323.8% in the fourth quarter. Prudential Financial Inc. now owns 93,975 shares of the insurance provider’s stock worth $1,137,000 after acquiring an additional 71,800 shares during the last quarter. Institutional investors own 59.03% of the company’s stock.

Insider Transactions at Heritage Insurance

In related news, CFO Kirk Lusk purchased 6,000 shares of Heritage Insurance stock in a transaction dated Friday, March 14th. The stock was bought at an average cost of $13.85 per share, with a total value of $83,100.00. Following the purchase, the chief financial officer now owns 618,756 shares in the company, valued at approximately $8,569,770.60. The trade was a 0.98 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ernie J. Garateix acquired 5,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was bought at an average price of $12.77 per share, with a total value of $63,850.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,270,808 shares of the company’s stock, valued at approximately $16,228,218.16. This represents a 0.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 21,000 shares of company stock worth $280,450. Company insiders own 14.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

Heritage Insurance Stock Performance

Shares of HRTG opened at $13.78 on Friday. The firm has a fifty day moving average of $12.01 and a 200-day moving average of $12.15. The company has a market cap of $590.51 million, a price-to-earnings ratio of 5.51 and a beta of 1.00. 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 Holdings, Inc. has a 1 year low of $6.14 and a 1 year high of $16.90.

Heritage Insurance (NYSE:HRTG) last posted its 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 net margin of 9.10% and a return on equity of 29.17%. The firm had revenue of $210.26 million during the quarter, compared to analyst estimates of $199.87 million. As a group, equities analysts anticipate that Heritage Insurance Holdings, Inc. will post 1.86 earnings per share for the current year.

Heritage Insurance declared that its Board of Directors has initiated a share repurchase plan on Monday, December 9th that permits the company to buyback $10.00 million in shares. This buyback authorization permits the insurance provider to purchase up to 2.8% of its shares through open market purchases. Shares buyback plans 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.