Public Employees Retirement System of Ohio Takes $36,000 Position in Heritage Insurance Holdings Inc (HRTG)

Public Employees Retirement System of Ohio bought a new position in Heritage Insurance Holdings Inc (NYSE:HRTG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,458 shares of the insurance provider’s stock, valued at approximately $36,000.

A number of other hedge funds have also recently modified their holdings of HRTG. Phocas Financial Corp. lifted its position in Heritage Insurance by 37.4% in the fourth quarter. Phocas Financial Corp. now owns 883,781 shares of the insurance provider’s stock worth $13,009,000 after purchasing an additional 240,608 shares during the period. LSV Asset Management lifted its position in Heritage Insurance by 25.0% in the fourth quarter. LSV Asset Management now owns 1,191,736 shares of the insurance provider’s stock worth $17,542,000 after purchasing an additional 238,704 shares during the period. Essex Investment Management Co. LLC bought a new position in Heritage Insurance in the fourth quarter worth $1,726,000. Renaissance Technologies LLC bought a new position in Heritage Insurance in the third quarter worth $962,000. Finally, Dimensional Fund Advisors LP lifted its position in Heritage Insurance by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 962,667 shares of the insurance provider’s stock worth $14,170,000 after purchasing an additional 43,451 shares during the period. 65.81% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised Heritage Insurance from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $17.17.

In related news, CEO Bruce Lucas acquired 1,806 shares of the business’s stock in a transaction on Friday, March 8th. The stock was bought at an average cost of $13.92 per share, with a total value of $25,139.52. Following the completion of the acquisition, the chief executive officer now owns 946,859 shares in the company, valued at $13,180,277.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 25.30% of the stock is currently owned by company insiders.

Shares of NYSE HRTG opened at $14.29 on Friday. The firm has a market cap of $428.89 million, a price-to-earnings ratio of 10.36 and a beta of 1.01. Heritage Insurance Holdings Inc has a 52-week low of $12.85 and a 52-week high of $17.99. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.78 and a quick ratio of 0.78.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 15th were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.68%. Heritage Insurance’s payout ratio is presently 17.39%.

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Heritage Insurance Company 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; rental property insurance; and commercial residential insurance in Alabama, Connecticut, Florida, Georgia, Hawaii, Massachusetts, New York, New Jersey, North Carolina, Rhode Island, and South Carolina, as well as residential wind-only property insurance.

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

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