Vigilant Capital Management Exits Position in Heritage Insurance Holdings Inc (HRTG)

Heritage Insurance Holdings Inc (HRTG) : Vigilant Capital Management has sold out all of its stake in Heritage Insurance Holdings Inc during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 201 shares of Heritage Insurance Holdings Inc which is valued at $2,539.

Other Hedge Funds, Including , Creative Planning reduced its stake in HRTG by selling 35,000 shares or 1.86% in the most recent quarter. The Hedge Fund company now holds 1,847,080 shares of HRTG which is valued at $22,534,376. Heritage Insurance Holdings Inc makes up approx 0.15% of Creative Planning’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in HRTG in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 1,837 shares of Heritage Insurance Holdings Inc which is valued at $25,406.

Heritage Insurance Holdings Inc opened for trading at $12.41 and hit $12.83 on the upside on Friday, eventually ending the session at $12.63, with a gain of 2.43% or 0.3 points. The heightened volatility saw the trading volume jump to 1,23,731 shares. Company has a market cap of $384 M.

On the company’s financial health, Heritage Insurance Holdings Inc reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.55. The company had revenue of $115.28 million for the quarter, compared to analysts expectations of $111.68 million. The company’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS.

Heritage Insurance Holdings Inc. (Heritage Insurance) formerly Heritage Insurance Holdings LLC is a property and casualty insurance holding company. The Company is engaged in providing 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. The Company is vertically integrated and control or manage all aspects of insurance underwriting actuarial analysis distribution and claims processing and adjusting. It has approximately 207000 personal residential policies in force and approximately 2400 commercial residential policies in force.

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