Hagerty, Inc. (NYSE:HGTY) Director Sells $27,536.52 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,036 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $9.07, for a total value of $27,536.52. Following the completion of the sale, the director now owns 3,421,036 shares in the company, valued at approximately $31,028,796.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hagerty Trading Down 0.6 %

Hagerty stock opened at $8.76 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.32. Hagerty, Inc. has a 12 month low of $7.52 and a 12 month high of $10.36. The stock’s 50 day simple moving average is $8.80 and its two-hundred day simple moving average is $8.37. The firm has a market cap of $2.94 billion, a PE ratio of 125.14 and a beta of 0.77.

Hagerty (NYSE:HGTY) last released its quarterly earnings data on Tuesday, March 12th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). Hagerty had a return on equity of 4.53% and a net margin of 1.84%. The business had revenue of $245.04 million for the quarter, compared to analyst estimates of $245.17 million. Analysts anticipate that Hagerty, Inc. will post 0.19 earnings per share for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. started coverage on Hagerty in a research report on Thursday, January 11th. They issued a “neutral” rating and a $9.00 target price on the stock.

Institutional Investors Weigh In On Hagerty

Hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC purchased a new stake in Hagerty in the 3rd quarter worth approximately $206,000. Barclays PLC raised its stake in shares of Hagerty by 314.2% during the 3rd quarter. Barclays PLC now owns 26,815 shares of the company’s stock worth $219,000 after buying an additional 20,341 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Hagerty during the 3rd quarter worth approximately $147,000. Blue Trust Inc. acquired a new position in shares of Hagerty during the 4th quarter worth approximately $57,000. Finally, Fenimore Asset Management Inc. raised its stake in shares of Hagerty by 0.8% during the 4th quarter. Fenimore Asset Management Inc. now owns 945,286 shares of the company’s stock worth $7,373,000 after buying an additional 7,600 shares during the period. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Hagerty Company Profile

Hagerty, Inc provides insurance agency services worldwide. It offers motor vehicle and boat insurance products; and reinsurance products. The company provides Hagerty Media, which publishes contents through the Hagerty Drivers Club Magazine (HDC), video content, and social media channels; HDC that offers subscription based products and services, including HDC Magazine, automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and special vehicle-related discounts.