FourThought Financial LLC Has $74,000 Position in Heritage Insurance Holdings, Inc. (NYSE:HRTG)

FourThought Financial LLC grew its holdings in Heritage Insurance Holdings, Inc. (NYSE:HRTG – Get Rating) by 1,538.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,777 shares of the insurance provider’s stock after purchasing an additional 30,777 shares during the quarter. FourThought Financial LLC’s holdings in Heritage Insurance were worth $74,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. acquired a new stake in Heritage Insurance during the second quarter worth about $29,000. Cubist Systematic Strategies LLC acquired a new stake in Heritage Insurance during the third quarter worth about $25,000. Corton Capital Inc. acquired a new stake in Heritage Insurance during the second quarter worth about $34,000. Delphia USA Inc. acquired a new stake in Heritage Insurance during the second quarter worth about $37,000. Finally, XTX Topco Ltd bought a new position in Heritage Insurance during the first quarter worth about $147,000. 49.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Raymond T. Hyer bought 202,460 shares of the business’s stock in a transaction dated Monday, February 13th. The stock was bought at an average price of $1.96 per share, for a total transaction of $396,821.60. Following the completion of the purchase, the insider now owns 2,811,115 shares of the company’s stock, valued at approximately $5,509,785.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 10.80% of the stock is currently owned by corporate insiders.

Heritage Insurance Stock Performance

NYSE:HRTG opened at $2.94 on Friday. Heritage Insurance Holdings, Inc. has a 1 year low of $1.12 and a 1 year high of $7.37. The firm has a 50 day moving average of $2.57 and a 200-day moving average of $2.14. The company has a current ratio of 0.73, a quick ratio of 0.74 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $75.15 million, a P/E ratio of -0.51 and a beta of 0.76.

Analyst Ratings Changes

HRTG has been the subject of a number of analyst reports. Piper Sandler cut shares of Heritage Insurance from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $4.30 to $2.20 in a research note on Monday, February 13th. JMP Securities cut their price target on shares of Heritage Insurance from $4.00 to $3.00 and set a “market outperform” rating for the company in a research note on Tuesday, January 17th. Truist Financial raised their price target on shares of Heritage Insurance from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Monday, March 6th. Finally, StockNews.com cut shares of Heritage Insurance from a “strong-buy” rating to a “buy” rating in a research note on Sunday. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Heritage Insurance presently has an average rating of “Moderate Buy” and an average price target of $3.40.

About Heritage Insurance

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Heritage Insurance Holdings, Inc engages in the provision of personal and residential premium, property, and casualty insurance policies. It offers personal residential insurance for single-family homeowners and condominium owners, rental property insurance, and commercial residential insurance. The company was founded in August 2012 and is headquartered in Tampa, FL.