Hagerty (NYSE:HGTY) Reaches New 1-Year High at $11.12

Hagerty, Inc. (NYSE:HGTY) reached a new 52-week high during trading on Monday . The stock traded as high as $11.12 and last traded at $11.12, with a volume of 27317 shares traded. The stock had previously closed at $10.99.

Hagerty Stock Performance

The company has a market cap of $3.77 billion, a PE ratio of 186.70 and a beta of 0.80. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $9.77 and its two-hundred day moving average is $8.92.

Hagerty (NYSE:HGTY) last issued its earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. Hagerty had a return on equity of 6.35% and a net margin of 1.82%. The company had revenue of $271.71 million for the quarter, compared to the consensus estimate of $264.32 million. On average, equities research analysts anticipate that Hagerty, Inc. will post 0.21 EPS for the current year.

Insider Activity

In other news, Director Robert I. Kauffman sold 3,465 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $9.02, for a total transaction of $31,254.30. Following the completion of the sale, the director now directly owns 3,424,072 shares of the company’s stock, valued at $30,885,129.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hagerty news, Director Robert I. Kauffman sold 3,291 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $9.04, for a total transaction of $29,750.64. Following the sale, the director now owns 3,415,676 shares in the company, valued at approximately $30,877,711.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert I. Kauffman sold 3,465 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $9.02, for a total value of $31,254.30. Following the completion of the transaction, the director now owns 3,424,072 shares of the company’s stock, valued at $30,885,129.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 226,884 shares of company stock worth $2,289,625. 17.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HGTY. Blue Trust Inc. acquired a new stake in Hagerty during the fourth quarter valued at $57,000. MeadowBrook Investment Advisors LLC purchased a new position in shares of Hagerty in the 4th quarter valued at about $132,000. Quadrature Capital Ltd acquired a new position in Hagerty in the 3rd quarter worth about $147,000. Meixler Investment Management Ltd. raised its holdings in Hagerty by 21.2% in the 1st quarter. Meixler Investment Management Ltd. now owns 24,325 shares of the company’s stock worth $223,000 after purchasing an additional 4,250 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted its position 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 purchasing an additional 26,600 shares in the last quarter. 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.