Heritage Insurance Holdings, Inc. (NYSE:HRTG) was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating in a note issued to investors on Wednesday.

Other equities analysts have also issued research reports about the stock. BidaskClub lowered shares of Heritage Insurance Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $17.00 price target on shares of Heritage Insurance Holdings in a report on Thursday, September 21st. Citigroup Inc. increased their price target on shares of Heritage Insurance Holdings from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $18.00 price target on shares of Heritage Insurance Holdings in a report on Wednesday. Finally, Zacks Investment Research raised shares of Heritage Insurance Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Heritage Insurance Holdings presently has an average rating of “Buy” and an average price target of $17.67.

Heritage Insurance Holdings (NYSE:HRTG) last issued its quarterly earnings results on Wednesday, November 1st. The insurance provider reported ($0.34) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.23). The company had revenue of $101.77 million during the quarter, compared to the consensus estimate of $99.01 million. Heritage Insurance Holdings had a return on equity of 0.30% and a net margin of 0.27%. Heritage Insurance Holdings’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 EPS.

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In related news, President Richard A. Widdicombe bought 16,500 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was purchased at an average cost of $11.32 per share, with a total value of $186,780.00. Following the transaction, the president now owns 775,612 shares in the company, valued at approximately $8,779,927.84. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Bruce Lucas bought 22,000 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $11.58 per share, with a total value of $254,760.00. Following the completion of the transaction, the chief executive officer now owns 869,595 shares in the company, valued at approximately $10,069,910.10. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 91,350 shares of company stock valued at $1,051,923. Corporate insiders own 16.10% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Creative Planning lifted its position in shares of Heritage Insurance Holdings by 21,477.1% in the 1st quarter. Creative Planning now owns 1,986,608 shares of the insurance provider’s stock worth $31,726,000 after purchasing an additional 1,977,401 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Heritage Insurance Holdings by 26.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 987,200 shares of the insurance provider’s stock worth $12,853,000 after purchasing an additional 204,088 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Heritage Insurance Holdings by 15.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 887,354 shares of the insurance provider’s stock worth $10,623,000 after purchasing an additional 116,196 shares during the period. LSV Asset Management lifted its position in shares of Heritage Insurance Holdings by 26.9% in the 1st quarter. LSV Asset Management now owns 851,560 shares of the insurance provider’s stock worth $10,874,000 after purchasing an additional 180,538 shares during the period. Finally, Polar Capital LLP lifted its position in shares of Heritage Insurance Holdings by 6.7% in the 3rd quarter. Polar Capital LLP now owns 720,000 shares of the insurance provider’s stock worth $10,375,000 after purchasing an additional 45,000 shares during the period. 60.72% of the stock is owned by hedge funds and other institutional investors.

About Heritage Insurance Holdings

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.

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