Robert I. Kauffman Sells 11,225 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 11,225 shares of Hagerty stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $10.10, for a total value of $113,372.50. Following the completion of the sale, the director now directly owns 3,294,291 shares of the company’s stock, valued at approximately $33,272,339.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hagerty Trading Down 5.4 %

Shares of HGTY opened at $9.77 on Friday. The business has a 50-day moving average of $9.13 and a 200 day moving average of $8.63. Hagerty, Inc. has a fifty-two week low of $7.52 and a fifty-two week high of $10.42. The firm has a market cap of $3.29 billion, a P/E ratio of 162.86 and a beta of 0.78. 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 (NYSE:HGTY) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. Hagerty had a return on equity of 6.35% and a net margin of 1.82%. The company had revenue of $271.71 million during the quarter, compared to analyst estimates of $264.32 million. As a group, research analysts forecast that Hagerty, Inc. will post 0.21 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Swiss National Bank boosted its stake in Hagerty by 3.3% in the 3rd quarter. Swiss National Bank now owns 55,700 shares of the company’s stock worth $455,000 after purchasing an additional 1,800 shares during the period. Meixler Investment Management Ltd. boosted its stake in Hagerty by 21.2% in the 1st quarter. Meixler Investment Management Ltd. now owns 24,325 shares of the company’s stock worth $223,000 after purchasing an additional 4,250 shares during the period. Blue Trust Inc. bought a new position in Hagerty in the 4th quarter worth about $57,000. Fenimore Asset Management Inc. boosted its stake in 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 during the period. Finally, Corton Capital Inc. bought a new position in Hagerty in the 3rd quarter worth about $133,000. Institutional investors own 20.51% 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.