Heritage Insurance Holdings, Inc. (HRTG) Position Held by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. continued to hold its stake in Heritage Insurance Holdings, Inc. (NYSE:HRTG) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,600 shares of the insurance provider’s stock at the end of the second quarter. UBS Asset Management Americas Inc. owned 0.06% of Heritage Insurance Holdings worth $242,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HRTG. Virginia Retirement Systems ET AL boosted its stake in shares of Heritage Insurance Holdings by 0.3% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 36,900 shares of the insurance provider’s stock worth $480,000 after acquiring an additional 100 shares in the last quarter. American International Group Inc. boosted its stake in shares of Heritage Insurance Holdings by 7.0% during the 1st quarter. American International Group Inc. now owns 16,365 shares of the insurance provider’s stock worth $209,000 after acquiring an additional 1,077 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Heritage Insurance Holdings by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 197,271 shares of the insurance provider’s stock worth $2,568,000 after acquiring an additional 2,744 shares in the last quarter. Swiss National Bank boosted its stake in shares of Heritage Insurance Holdings by 8.0% during the 1st quarter. Swiss National Bank now owns 44,300 shares of the insurance provider’s stock worth $566,000 after acquiring an additional 3,300 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC boosted its stake in shares of Heritage Insurance Holdings by 25.0% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 20,000 shares of the insurance provider’s stock worth $260,000 after acquiring an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 60.72% of the company’s stock.

Heritage Insurance Holdings, Inc. (HRTG) opened at $16.53 on Friday. The stock has a market capitalization of $401.38 million, a price-to-earnings ratio of 1,645.00 and a beta of 1.44. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.20.

Heritage Insurance Holdings (NYSE:HRTG) last posted its quarterly earnings data on Wednesday, November 1st. The insurance provider reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.23). Heritage Insurance Holdings had a return on equity of 0.30% and a net margin of 0.27%. The business had revenue of $101.77 million for the quarter, compared to analyst estimates of $99.01 million. During the same period in the prior year, the firm posted $0.37 EPS. Heritage Insurance Holdings’s revenue for the quarter was down 6.9% on a year-over-year basis. equities research analysts anticipate that Heritage Insurance Holdings, Inc. will post 0.69 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.45%. Heritage Insurance Holdings’s dividend payout ratio is presently 2,402.40%.

In other Heritage Insurance Holdings news, President Richard A. Widdicombe acquired 25,800 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $11.53 per share, with a total value of $297,474.00. Following the transaction, the president now owns 759,112 shares of the company’s stock, valued at $8,752,561.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Irini Barlas acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $11.61 per share, with a total value of $116,100.00. Following the transaction, the director now directly owns 14,200 shares in the company, valued at approximately $164,862. The disclosure for this purchase can be found here. Insiders have purchased a total of 91,350 shares of company stock valued at $1,051,923 in the last three months. 16.10% of the stock is owned by insiders.

WARNING: “Heritage Insurance Holdings, Inc. (HRTG) Position Held by UBS Asset Management Americas Inc.” was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.com-unik.info/2017/11/04/heritage-insurance-holdings-inc-hrtg-position-held-by-ubs-asset-management-americas-inc.html.

HRTG has been the subject of several recent analyst reports. TheStreet upgraded Heritage Insurance Holdings from a “c+” rating to a “b” rating in a research note on Monday, October 16th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $18.00 price target on shares of Heritage Insurance Holdings in a research note on Tuesday, September 26th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $17.00 price target on shares of Heritage Insurance Holdings in a research note on Thursday, September 21st. Citigroup Inc upped their price target on Heritage Insurance Holdings from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Finally, BidaskClub upgraded Heritage Insurance Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $18.00.

Heritage Insurance Holdings 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.

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

What are top analysts saying about Heritage Insurance Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Heritage Insurance Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit