Stifel Financial Corp Has $1.17 Million Stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG)

Stifel Financial Corp decreased its holdings in shares of Heritage Insurance Holdings, Inc. (NYSE:HRTG) by 25.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,200 shares of the insurance provider’s stock after selling 40,310 shares during the quarter. Stifel Financial Corp owned approximately 0.41% of Heritage Insurance worth $1,167,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its holdings in Heritage Insurance by 9.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 16,960 shares of the insurance provider’s stock worth $172,000 after purchasing an additional 1,462 shares during the last quarter. Credit Suisse AG boosted its holdings in Heritage Insurance by 68.4% during the fourth quarter. Credit Suisse AG now owns 30,083 shares of the insurance provider’s stock worth $305,000 after purchasing an additional 12,214 shares during the last quarter. Kennedy Capital Management Inc. boosted its holdings in Heritage Insurance by 0.3% during the fourth quarter. Kennedy Capital Management Inc. now owns 518,256 shares of the insurance provider’s stock worth $5,250,000 after purchasing an additional 1,335 shares during the last quarter. Barclays PLC boosted its holdings in Heritage Insurance by 41.7% during the fourth quarter. Barclays PLC now owns 66,668 shares of the insurance provider’s stock worth $675,000 after purchasing an additional 19,619 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its holdings in Heritage Insurance by 0.8% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 552,938 shares of the insurance provider’s stock worth $5,601,000 after purchasing an additional 4,335 shares during the last quarter. Institutional investors and hedge funds own 67.95% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Heritage Insurance from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 6th.

Shares of HRTG stock opened at $10.84 on Thursday. The stock has a market cap of $303.14 million, a P/E ratio of 16.18 and a beta of 0.67. The company has a fifty day moving average price of $10.91 and a two-hundred day moving average price of $10.36. Heritage Insurance Holdings, Inc. has a one year low of $8.96 and a one year high of $14.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87.

Heritage Insurance (NYSE:HRTG) last issued its quarterly earnings data on Thursday, March 4th. The insurance provider reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.49. Heritage Insurance had a net margin of 3.38% and a return on equity of 4.29%. As a group, equities research analysts anticipate that Heritage Insurance Holdings, Inc. will post 0.04 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 6th. Stockholders of record on Monday, March 15th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend was Friday, March 12th. Heritage Insurance’s payout ratio is presently 25.26%.

Heritage Insurance 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, and rental property insurance in Alabama, Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; and commercial residential insurance in Florida, New Jersey, and New York, as well as residential wind-only property and multi-peril property insurance.

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

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