Gillson Capital LP lifted its holdings in shares of Heritage Insurance Holdings Inc (NYSE:HRTG) by 234.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 209,679 shares of the insurance provider’s stock after acquiring an additional 146,993 shares during the period. Gillson Capital LP owned approximately 0.79% of Heritage Insurance worth $3,778,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. ETRADE Capital Management LLC purchased a new stake in shares of Heritage Insurance during the 4th quarter valued at approximately $189,000. Voya Investment Management LLC increased its holdings in Heritage Insurance by 16.9% during the 2nd quarter. Voya Investment Management LLC now owns 15,066 shares of the insurance provider’s stock worth $196,000 after acquiring an additional 2,181 shares during the period. Unison Advisors LLC bought a new stake in Heritage Insurance during the 4th quarter worth approximately $311,000. California Public Employees Retirement System bought a new stake in Heritage Insurance during the 2nd quarter worth approximately $251,000. Finally, First Trust Advisors LP bought a new stake in Heritage Insurance during the 3rd quarter worth approximately $267,000. 82.85% of the stock is owned by institutional investors.
Shares of Heritage Insurance Holdings Inc (HRTG) traded down $0.08 during mid-day trading on Wednesday, hitting $17.11. 197,875 shares of the stock were exchanged, compared to its average volume of 220,792. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $455.77, a price-to-earnings ratio of -171.10 and a beta of 1.27. Heritage Insurance Holdings Inc has a 52-week low of $8.85 and a 52-week high of $19.15.
Heritage Insurance (NYSE:HRTG) last issued its quarterly earnings results on Wednesday, March 7th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.83. Heritage Insurance had a negative net margin of 0.28% and a positive return on equity of 9.99%. The business had revenue of $108.62 million for the quarter, compared to the consensus estimate of $101.35 million. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. sell-side analysts forecast that Heritage Insurance Holdings Inc will post 2.6 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 15th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.40%. The ex-dividend date is Wednesday, March 14th. Heritage Insurance’s dividend payout ratio is presently -240.00%.
A number of equities analysts have recently commented on HRTG shares. Zacks Investment Research raised shares of Heritage Insurance from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, November 28th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $21.00 target price on shares of Heritage Insurance in a report on Friday, December 22nd. JMP Securities cut shares of Heritage Insurance from an “outperform” rating to a “market perform” rating and set a $16.00 price target for the company. in a research report on Monday, January 22nd. ValuEngine raised shares of Heritage Insurance from a “hold” rating to a “buy” rating in a research report on Friday, March 9th. Finally, SunTrust Banks raised their target price on shares of Heritage Insurance to $26.00 and gave the stock a “buy” rating in a research report on Friday, March 9th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Heritage Insurance presently has an average rating of “Buy” and an average target price of $20.60.
In other Heritage Insurance news, Director Nicholas George Pappas sold 2,850 shares of the business’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $17.90, for a total transaction of $51,015.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 17.90% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This news story was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://ledgergazette.com/2018/03/14/heritage-insurance-holdings-inc-hrtg-shares-bought-by-gillson-capital-lp.html.
Heritage Insurance Company Profile
Heritage Insurance Holdings, Inc (Heritage Insurance) is a property and casualty insurance holding company. The Company provides personal and commercial residential insurance. Through its subsidiary, Heritage Property & Casualty Insurance Company (Heritage P&C), it provides personal residential insurance for single-family homeowners and condominium owners, rental property insurance and commercial residential insurance in the state of Florida and North Carolina.
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.