2 weeks Ago By ABMN Staff
Renaissance Technologies LLC lessened its position in Heritage Insurance Holdings, Inc. ( NYSE:HRTG – Free Report ) by 39.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor owned 345,399 shares of the insurance provider’s stock after selling 221,800 shares during the period. Renaissance Technologies LLC owned 1.13% of Heritage Insurance worth $4,179,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in HRTG. Exchange Traded Concepts LLC acquired a new stake in Heritage Insurance in the fourth quarter valued at $296,000. Ieq Capital LLC bought a new stake in shares of Heritage Insurance in the 4th quarter valued at $303,000.
Raymond James Financial Inc. bought a new position in Heritage Insurance during the fourth quarter worth $1,123,000. American Century Companies Inc.
boosted its position 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 valued at $7,138,000 after acquiring an additional 76,032 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Heritage Insurance by 323.
8% in the 4th 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 in the last quarter.
59.03% of the stock is owned by institutional investors and hedge funds. Insider Transactions at Heritage Insurance In other news, CEO Ernie J.
Garateix purchased 5,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were purchased at an average price of $12.77 per share, with a total value of $63,850.
00. Following the transaction, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website .
Also, Director Paul L. Whiting acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average cost of $13.
35 per share, with a total value of $133,500.00. Following the acquisition, the director now owns 79,576 shares in the company, valued at $1,062,339.
60. The trade was a 14.37 % increase in their position.
The disclosure for this purchase can be found here . Insiders bought a total of 21,000 shares of company stock worth $280,450 in the last quarter. 14.
00% of the stock is currently owned by corporate insiders. Heritage Insurance Price Performance Heritage Insurance ( NYSE:HRTG – Get Free Report ) last released its quarterly earnings data on Tuesday, March 11th. The insurance provider reported $0.
66 earnings per share 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 for the quarter, compared to analyst estimates of $199.87 million.
Equities research analysts expect that Heritage Insurance Holdings, Inc. will post 1.86 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth Separately, StockNews.com cut Heritage Insurance from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th. Check Out Our Latest Report on HRTG Heritage Insurance Company Profile ( Free Report ) 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. Recommended Stories 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 .
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