Hagerty, Inc. (NYSE:HGTY – Get Free Report) Director Robert I. Kauffman sold 9,585 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $11.25, for a total transaction of $107,831.25. Following the transaction, the director now owns 5,454,558 shares of the company’s stock, valued at $61,363,777.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Hagerty Price Performance
HGTY stock opened at $11.19 on Monday. The firm has a 50 day simple moving average of $10.05 and a two-hundred day simple moving average of $9.08. The stock has a market cap of $3.77 billion, a PE ratio of 186.50 and a beta of 0.80. Hagerty, Inc. has a one year low of $7.52 and a one year high of $11.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.47 and a quick ratio of 1.47.
Hagerty (NYSE:HGTY – Get Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $271.71 million during 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, analysts predict that Hagerty, Inc. will post 0.23 EPS for the current fiscal year.
Hedge Funds Weigh In On Hagerty
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. boosted their target price on Hagerty from $9.50 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th.
Check Out Our Latest Research Report on Hagerty
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.
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