Hagerty (NYSE:HGTY) Issues Quarterly Earnings Results

Hagerty (NYSE:HGTY) issued its quarterly earnings results on Tuesday. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01, Zacks reports. Hagerty had a net margin of 5.27% and a return on equity of 12.06%. Hagerty updated its FY 2025 guidance to EPS.

Hagerty Stock Performance

Shares of Hagerty stock opened at $10.04 on Tuesday. The company has a 50 day moving average of $9.86 and a 200-day moving average of $10.65. Hagerty has a 1-year low of $8.30 and a 1-year high of $12.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. The company has a market cap of $3.42 billion, a PE ratio of 91.25 and a beta of 0.85.

Insider Transactions at Hagerty

In related news, Director Robert I. Kauffman sold 5,475 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $11.18, for a total value of $61,210.50. Following the completion of the transaction, the director now owns 4,511,010 shares of the company’s stock, valued at $50,433,091.80. This represents a 0.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 132,195 shares of company stock valued at $1,320,889. Company insiders own 17.90% of the company’s stock.

Wall Street Analyst Weigh In

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

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.