Hagerty, Inc. (NYSE:HGTY) Director Sells $414,398.04 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 40,908 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $10.13, for a total transaction of $414,398.04. Following the transaction, the director now owns 3,074,333 shares in the company, valued at $31,142,993.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hagerty Trading Up 2.9 %

HGTY opened at $10.40 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.47 and a quick ratio of 1.47. The company’s 50 day simple moving average is $9.42 and its two-hundred day simple moving average is $8.75. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 173.36 and a beta of 0.78. Hagerty, Inc. has a 1-year low of $7.52 and a 1-year high of $10.62.

Hagerty (NYSE:HGTY) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $271.71 million for the quarter, compared to the consensus estimate of $264.32 million. Hagerty had a return on equity of 6.35% and a net margin of 1.82%. Analysts expect that Hagerty, Inc. will post 0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Hagerty

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Hagerty by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company’s stock valued at $18,559,000 after purchasing an additional 21,331 shares during the last quarter. Meixler Investment Management Ltd. lifted its holdings in Hagerty by 21.2% in the first quarter. Meixler Investment Management Ltd. now owns 24,325 shares of the company’s stock valued at $223,000 after acquiring an additional 4,250 shares during the last quarter. Confluence Investment Management LLC purchased a new position in Hagerty in the first quarter worth approximately $3,473,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Hagerty by 34.7% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 103,300 shares of the company’s stock worth $806,000 after acquiring an additional 26,600 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in Hagerty during the fourth quarter worth $132,000. Hedge funds and other institutional investors own 20.51% of the company’s stock.

About Hagerty

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.