Empowered Funds LLC Has $1.34 Million Stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Empowered Funds LLC lifted its position in Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,552 shares of the insurance provider’s stock after purchasing an additional 5,494 shares during the quarter. Empowered Funds LLC’s holdings in Heritage Insurance were worth $1,341,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. ClariVest Asset Management LLC boosted its holdings in Heritage Insurance by 2.7% during the second quarter. ClariVest Asset Management LLC now owns 61,396 shares of the insurance provider’s stock valued at $435,000 after purchasing an additional 1,620 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Heritage Insurance by 3.9% during the second quarter. Victory Capital Management Inc. now owns 106,000 shares of the insurance provider’s stock valued at $750,000 after purchasing an additional 4,000 shares during the last quarter. nVerses Capital LLC bought a new position in Heritage Insurance in the 3rd quarter valued at $49,000. Innealta Capital LLC acquired a new stake in Heritage Insurance in the second quarter worth about $30,000. Finally, Valmark Advisers Inc. acquired a new stake in shares of Heritage Insurance during the 2nd quarter worth approximately $80,000. Institutional investors and hedge funds own 59.03% of the company’s stock.

Heritage Insurance Stock Up 0.7 %

Shares of HRTG stock opened at $12.26 on Friday. The firm’s fifty day moving average price is $12.12 and its two-hundred day moving average price is $10.48. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42. Heritage Insurance Holdings, Inc. has a 1 year low of $5.51 and a 1 year high of $16.90. The firm has a market capitalization of $376.19 million, a P/E ratio of 4.90 and a beta of 0.98.

Heritage Insurance (NYSE:HRTG) last released its earnings results on Wednesday, November 6th. The insurance provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.25. The business had revenue of $211.85 million for the quarter, compared to the consensus estimate of $209.91 million. Heritage Insurance had a return on equity of 29.17% and a net margin of 9.10%. During the same quarter in the previous year, the business earned ($0.28) earnings per share. On average, equities analysts predict that Heritage Insurance Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HRTG has been the subject of a number of recent analyst reports. StockNews.com raised Heritage Insurance from a “hold” rating to a “buy” rating in a research note on Saturday, November 16th. Truist Financial increased their target price on Heritage Insurance from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Finally, Piper Sandler upgraded Heritage Insurance from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $9.00 to $13.00 in a report on Friday, August 9th.

Heritage Insurance Company 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.