5 Hot Insurance Stocks to Buy Now

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In this article, we discuss the 5 hot insurance stocks to buy now. If you want to read about some more hot insurance stocks to buy now, go directly to 10 Hot Insurance Stocks To Buy Now.

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

Number of Hedge Fund Holders: 9

YTD Perf: 40.00%

Heritage Insurance Holdings, Inc. (NYSE:HRTG) provides personal and commercial residential insurance products. On January 17, Heritage Insurance (NYSE:HRTG) announced a new stock buyback plan for $10 million, which took effect after the previous $25 million repurchase program ended on December 31st. This new program will be in effect until December 31, 2023.

At the end of the third quarter of 2022, 9 hedge funds in the database of Insider Monkey held stakes worth $2.3 million in Heritage Insurance Holdings, Inc. (NYSE:HRTG), compared to 11 in the preceding quarter worth $4.1 million. 

Among the hedge funds being tracked by Insider Monkey, New York-based firm Renaissance Technologies is a leading shareholder in Heritage Insurance Holdings, Inc. (NYSE:HRTG) with 238,899 shares worth more than $540,000. 

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