Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 4,548 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 4,548 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $11.04, for a total transaction of $50,209.92. Following the completion of the transaction, the director now directly owns 5,539,102 shares of the company’s stock, valued at approximately $61,151,686.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hagerty Stock Up 1.2 %

Shares of NYSE:HGTY opened at $11.20 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.47 and a current ratio of 1.47. Hagerty, Inc. has a 52-week low of $7.52 and a 52-week high of $11.23. The company has a market capitalization of $3.77 billion, a PE ratio of 186.70 and a beta of 0.80. The company has a fifty day moving average of $9.77 and a 200-day moving average of $8.92.

Hagerty (NYSE:HGTY) last posted its earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share 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 analyst estimates of $264.32 million. Hagerty had a net margin of 1.82% and a return on equity of 6.35%. On average, equities analysts predict that Hagerty, Inc. will post 0.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Hagerty

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Hagerty by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company’s stock worth $18,559,000 after buying an additional 21,331 shares during the period. Fenimore Asset Management Inc. lifted its holdings in shares of Hagerty by 0.8% in the 4th quarter. Fenimore Asset Management Inc. now owns 945,286 shares of the company’s stock worth $7,373,000 after purchasing an additional 7,600 shares in the last quarter. Confluence Investment Management LLC bought a new position in shares of Hagerty in the first quarter valued at $3,473,000. Lincoln Capital LLC boosted its stake in Hagerty by 18.0% during the 4th quarter. Lincoln Capital LLC now owns 328,763 shares of the company’s stock valued at $2,593,000 after purchasing an additional 50,140 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings 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 buying an additional 26,600 shares in the last quarter. 20.51% of the stock is currently owned by institutional investors.

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.