Heritage Insurance Holdings Inc (NYSE:HRTG) Holdings Increased by Kirr Marbach & Co. LLC IN

Kirr Marbach & Co. LLC IN boosted its stake in Heritage Insurance Holdings Inc (NYSE:HRTG) by 0.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 253,267 shares of the insurance provider’s stock after purchasing an additional 1,643 shares during the period. Kirr Marbach & Co. LLC IN owned about 0.84% of Heritage Insurance worth $3,698,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Heritage Insurance by 1.6% during the fourth quarter. BlackRock Inc. now owns 1,569,009 shares of the insurance provider’s stock worth $23,096,000 after purchasing an additional 25,036 shares in the last quarter. LSV Asset Management lifted its position in Heritage Insurance by 25.0% in the fourth quarter. LSV Asset Management now owns 1,191,736 shares of the insurance provider’s stock valued at $17,542,000 after acquiring an additional 238,704 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Heritage Insurance by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 962,667 shares of the insurance provider’s stock valued at $14,170,000 after buying an additional 43,451 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Heritage Insurance by 1.1% in the third quarter. JPMorgan Chase & Co. now owns 934,894 shares of the insurance provider’s stock valued at $13,855,000 after buying an additional 9,982 shares during the last quarter. Finally, Phocas Financial Corp. raised its holdings in shares of Heritage Insurance by 37.4% in the fourth quarter. Phocas Financial Corp. now owns 883,781 shares of the insurance provider’s stock valued at $13,009,000 after buying an additional 240,608 shares during the last quarter. Hedge funds and other institutional investors own 64.46% of the company’s stock.

In other Heritage Insurance news, CEO Bruce Lucas purchased 1,806 shares of the stock in a transaction dated Friday, March 8th. The shares were acquired at an average cost of $13.92 per share, for a total transaction of $25,139.52. Following the completion of the transaction, the chief executive officer now directly owns 946,859 shares of the company’s stock, valued at $13,180,277.28. The purchase was disclosed in a filing with the SEC, which is available at this link. 12.00% of the stock is owned by corporate insiders.

A number of equities research analysts have recently commented on HRTG shares. Zacks Investment Research raised shares of Heritage Insurance from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. ValuEngine cut shares of Heritage Insurance from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $17.17.

Shares of HRTG opened at $14.34 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.35. Heritage Insurance Holdings Inc has a twelve month low of $12.85 and a twelve month high of $17.99. The stock has a market cap of $422.84 million, a price-to-earnings ratio of 10.39 and a beta of 0.96.

Heritage Insurance (NYSE:HRTG) last issued its earnings results on Friday, March 1st. The insurance provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.20. Heritage Insurance had a net margin of 5.66% and a return on equity of 9.07%. The company had revenue of $124.88 million for the quarter, compared to analyst estimates of $125.97 million. Equities analysts anticipate that Heritage Insurance Holdings Inc will post 1.2 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Friday, June 14th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.24 annualized dividend and a yield of 1.67%. Heritage Insurance’s payout ratio is currently 17.39%.

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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.

Read More: What is Net Asset Value (NAV)?

Institutional Ownership by Quarter for Heritage Insurance (NYSE:HRTG)

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