As Heritage Ins Hldgs INC (HRTG) Stock Value Declined, Creative Planning Has Trimmed by $7.01 Million Its Position

May 20, 2018 - By Maria Brooks

Heritage Insurance Holdings, Inc. (NYSE:HRTG) Logo

Creative Planning decreased its stake in Heritage Ins Hldgs Inc (HRTG) by 29.38% based on its latest 2017Q4 regulatory filing with the SEC. Creative Planning sold 389,438 shares as the company’s stock declined 8.21% with the market. The institutional investor held 936,071 shares of the finance company at the end of 2017Q4, valued at $16.87M, down from 1.33 million at the end of the previous reported quarter. Creative Planning who had been investing in Heritage Ins Hldgs Inc for a number of months, seems to be less bullish one the $465.24M market cap company. The stock decreased 0.06% or $0.01 during the last trading session, reaching $17.51. About 97,885 shares traded. Heritage Insurance Holdings, Inc. (NYSE:HRTG) has risen 24.84% since May 20, 2017 and is uptrending. It has outperformed by 13.29% the S&P500.

Creative Planning, which manages about $13.73B and $23.21 billion US Long portfolio, upped its stake in Berkshire Hathaway Inc Del (BRKB) by 2.93M shares to 2.99 million shares, valued at $592.58 million in 2017Q4, according to the filing. It also increased its holding in Intuitive Surgical Inc (NASDAQ:ISRG) by 14,289 shares in the quarter, for a total of 23,497 shares, and has risen its stake in Vanguard Whitehall Fds Inc (VYM).

Analysts await Heritage Insurance Holdings, Inc. (NYSE:HRTG) to report earnings on August, 14. They expect $0.64 earnings per share, up 178.26 % or $0.41 from last year’s $0.23 per share. HRTG’s profit will be $17.00 million for 6.84 P/E if the $0.64 EPS becomes a reality. After $0.55 actual earnings per share reported by Heritage Insurance Holdings, Inc. for the previous quarter, Wall Street now forecasts 16.36 % EPS growth.

More news for Heritage Insurance Holdings, Inc. (NYSE:HRTG) were recently published by: Seekingalpha.com, which released: “Heritage Insurance Holdings’ (HRTG) CEO Bruce Lucas on Q1 2018 Results – Earnings Call Transcript” on May 13, 2018. Globenewswire.com‘s article titled: “Report: Developing Opportunities within Regulus Therapeutics, Airgain, Michael Kors, Heritage Insurance, CDK Global …” and published on May 17, 2018 is yet another important article.

Heritage Insurance Holdings, Inc. (NYSE:HRTG) Ratings Coverage

Among 5 analysts covering Heritage Insurance Holdings (NYSE:HRTG), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Heritage Insurance Holdings has $26.0 highest and $20 lowest target. $22.50’s average target is 28.50% above currents $17.51 stock price. Heritage Insurance Holdings had 7 analyst reports since December 4, 2017 according to SRatingsIntel. The stock of Heritage Insurance Holdings, Inc. (NYSE:HRTG) earned “Buy” rating by Sandler O’Neill on Thursday, March 8. The firm has “Buy” rating given on Tuesday, April 10 by Citigroup. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, December 21. As per Monday, December 4, the company rating was maintained by Keefe Bruyette & Woods. On Thursday, March 8 the stock rating was maintained by SunTrust with “Buy”. The firm earned “Hold” rating on Monday, January 22 by JMP Securities. The stock of Heritage Insurance Holdings, Inc. (NYSE:HRTG) earned “Buy” rating by Keefe Bruyette & Woods on Friday, March 9.

Heritage Insurance Holdings, Inc. (NYSE:HRTG) Ratings Chart

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