GW&K Investment Management LLC Raises Stake in Heritage Insurance Holdings Inc (NYSE:HRTG)

GW&K Investment Management LLC boosted its stake in shares of Heritage Insurance Holdings Inc (NYSE:HRTG) by 40.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 157,448 shares of the insurance provider’s stock after buying an additional 45,367 shares during the quarter. GW&K Investment Management LLC owned 0.65% of Heritage Insurance worth $2,837,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of HRTG. Balyasny Asset Management LLC grew its position in shares of Heritage Insurance by 18.0% in the second quarter. Balyasny Asset Management LLC now owns 14,082 shares of the insurance provider’s stock valued at $183,000 after purchasing an additional 2,148 shares during the last quarter. Voya Investment Management LLC grew its position in shares of Heritage Insurance by 16.9% in the second quarter. Voya Investment Management LLC now owns 15,066 shares of the insurance provider’s stock valued at $196,000 after purchasing an additional 2,181 shares during the last quarter. California Public Employees Retirement System acquired a new stake in shares of Heritage Insurance in the second quarter valued at approximately $251,000. First Trust Advisors LP acquired a new stake in shares of Heritage Insurance in the third quarter valued at approximately $267,000. Finally, Schroder Investment Management Group grew its position in shares of Heritage Insurance by 44.5% in the second quarter. Schroder Investment Management Group now owns 35,481 shares of the insurance provider’s stock valued at $462,000 after purchasing an additional 10,935 shares during the last quarter. Institutional investors own 75.54% of the company’s stock.

In other Heritage Insurance news, Director Nicholas George Pappas sold 2,850 shares of the stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $17.90, for a total transaction of $51,015.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 17.90% of the company’s stock.

Heritage Insurance Holdings Inc (HRTG) traded up $0.59 during trading hours on Wednesday, reaching $16.90. 120,742 shares of the company’s stock were exchanged, compared to its average volume of 235,205. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $434.26, a P/E ratio of 1,691.69 and a beta of 1.30. Heritage Insurance Holdings Inc has a 12 month low of $8.85 and a 12 month high of $19.15.

Several brokerages recently issued reports on HRTG. Zacks Investment Research downgraded shares of Heritage Insurance from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. BidaskClub raised shares of Heritage Insurance from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Citigroup upped their price objective on shares of Heritage Insurance from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. JMP Securities downgraded shares of Heritage Insurance from an “outperform” rating to a “market perform” rating and set a $16.00 price target on the stock. in a research note on Monday, January 22nd. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $18.00 price target on shares of Heritage Insurance in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $18.80.

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About Heritage Insurance

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 (NYSE:HRTG)

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