Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 2,538 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 2,538 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $10.71, for a total value of $27,181.98. Following the completion of the transaction, the director now directly owns 5,074,471 shares of the company’s stock, valued at $54,347,584.41. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hagerty Stock Performance

Shares of NYSE HGTY opened at $10.51 on Thursday. The stock has a fifty day moving average price of $11.02 and a two-hundred day moving average price of $10.28. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $3.54 billion, a P/E ratio of 174.83 and a beta of 0.79. Hagerty, Inc. has a 1 year low of $7.52 and a 1 year high of $12.35.

Hagerty (NYSE:HGTY) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $313.23 million during the quarter, compared to analyst estimates of $312.64 million. Hagerty had a return on equity of 15.68% and a net margin of 5.37%. Research analysts forecast that Hagerty, Inc. will post 0.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Truist Financial increased their price objective on Hagerty from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. increased their price objective on Hagerty from $9.50 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th.

Hedge Funds Weigh In On Hagerty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HGTY. Blue Trust Inc. bought a new stake in shares of Hagerty during the 2nd quarter worth $39,000. Meixler Investment Management Ltd. boosted its stake in shares of Hagerty by 21.2% during the 1st quarter. Meixler Investment Management Ltd. now owns 24,325 shares of the company’s stock worth $223,000 after acquiring an additional 4,250 shares in the last quarter. Algert Global LLC bought a new stake in shares of Hagerty during the 2nd quarter worth $108,000. Dimensional Fund Advisors LP bought a new stake in shares of Hagerty during the 2nd quarter worth $139,000. Finally, Lakewood Asset Management LLC bought a new stake in shares of Hagerty during the 3rd quarter worth $186,000. 20.51% of the stock is owned by 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.