Hagerty (HGTY) Scheduled to Post Earnings on Thursday

Hagerty (NYSE:HGTY) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Hagerty to post earnings of $0.08 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Hagerty (NYSE:HGTY) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $313.23 million for the quarter, compared to the consensus estimate of $312.64 million. Hagerty had a net margin of 5.37% and a return on equity of 15.68%. On average, analysts expect Hagerty to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Hagerty Stock Up 1.3 %

Shares of HGTY traded up $0.14 during midday trading on Tuesday, hitting $11.19. The company had a trading volume of 3,641 shares, compared to its average volume of 77,934. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 92.08 and a beta of 0.78. The company’s 50 day moving average price is $10.94 and its 200 day moving average price is $10.39. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22. Hagerty has a 52 week low of $7.63 and a 52 week high of $12.35.

Analyst Ratings Changes

A number of research analysts have commented on HGTY shares. JPMorgan Chase & Co. increased their target price on Hagerty from $9.50 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Truist Financial raised their price objective on Hagerty from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Thursday, August 8th.

Insider Buying and Selling

In related news, Director Robert I. Kauffman sold 11,428 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $10.57, for a total value of $120,793.96. Following the sale, the director now owns 5,353,334 shares of the company’s stock, valued at $56,584,740.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Robert I. Kauffman sold 7,000 shares of Hagerty stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $11.28, for a total transaction of $78,960.00. Following the sale, the director now directly owns 5,281,195 shares in the company, valued at $59,571,879.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert I. Kauffman sold 11,428 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $10.57, for a total transaction of $120,793.96. Following the completion of the sale, the director now directly owns 5,353,334 shares of the company’s stock, valued at $56,584,740.38. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,310 shares of company stock valued at $1,476,469. Insiders own 17.90% 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.