Robert I. Kauffman Sells 5,044 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 5,044 shares of Hagerty stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $9.70, for a total value of $48,926.80. Following the sale, the director now owns 4,361,998 shares in the company, valued at $42,311,380.60. This represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hagerty Price Performance

HGTY stock opened at $9.79 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a 50 day moving average price of $10.49 and a 200-day moving average price of $10.82. Hagerty, Inc. has a 52-week low of $7.82 and a 52-week high of $12.35. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 89.02 and a beta of 0.86.

Hagerty (NYSE:HGTY) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). Hagerty had a net margin of 5.27% and a return on equity of 12.06%. The company had revenue of $323.37 million for the quarter, compared to analysts’ expectations of $318.07 million. During the same quarter in the previous year, the firm posted $0.05 EPS. Equities research analysts forecast that Hagerty, Inc. will post 0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Raymond James cut shares of Hagerty from a “market perform” rating to an “underperform” rating in a report on Thursday, December 26th.

Institutional Trading of Hagerty

Institutional investors have recently bought and sold shares of the company. R Squared Ltd purchased a new position in Hagerty in the fourth quarter worth about $51,000. FMR LLC raised its holdings in Hagerty by 25,769.2% in the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after acquiring an additional 6,700 shares during the last quarter. Algert Global LLC bought a new position in Hagerty in the 2nd quarter valued at approximately $108,000. Blue Trust Inc. boosted its stake in Hagerty by 178.6% during the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock valued at $110,000 after purchasing an additional 6,758 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Hagerty in the 2nd quarter worth $139,000. 20.51% of the stock is owned by hedge funds and other 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.