Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 12,200 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 12,200 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $10.47, for a total transaction of $127,734.00. Following the completion of the transaction, the director now owns 2,986,475 shares in the company, valued at $31,268,393.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hagerty Price Performance

HGTY stock traded up $0.49 during midday trading on Tuesday, reaching $11.02. The company had a trading volume of 156,604 shares, compared to its average volume of 82,606. The firm has a 50-day moving average price of $9.46 and a 200-day moving average price of $8.78. The company has a market capitalization of $3.71 billion, a P/E ratio of 183.53 and a beta of 0.80. Hagerty, Inc. has a 1 year low of $7.52 and a 1 year high of $11.04. 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) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $271.71 million during the quarter, compared to the consensus estimate of $264.32 million. Hagerty had a net margin of 1.82% and a return on equity of 6.35%. On average, research analysts anticipate that Hagerty, Inc. will post 0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hagerty

Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. bought a new position in shares of Hagerty during the 4th quarter valued at $57,000. MeadowBrook Investment Advisors LLC purchased a new stake in Hagerty during the fourth quarter valued at about $132,000. Quadrature Capital Ltd purchased a new stake in Hagerty during the third quarter valued at about $147,000. Meixler Investment Management Ltd. grew its stake in shares of Hagerty by 21.2% during the first quarter. Meixler Investment Management Ltd. now owns 24,325 shares of the company’s stock valued at $223,000 after buying an additional 4,250 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in shares of Hagerty in the third quarter worth about $206,000. Institutional investors own 20.51% of the company’s stock.

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.