Robert I. Kauffman Sells 3,301 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,301 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $9.62, for a total transaction of $31,755.62. Following the completion of the sale, the director now owns 4,372,659 shares in the company, valued at $42,064,979.58. This represents a 0.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Hagerty Price Performance

HGTY stock opened at $9.79 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 89.02 and a beta of 0.86. The company’s fifty day simple moving average is $10.49 and its 200 day simple moving average is $10.82. Hagerty, Inc. has a 12-month low of $7.82 and a 12-month high of $12.35.

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 business had revenue of $323.37 million during the quarter, compared to analyst estimates of $318.07 million. During the same period in the prior year, the firm earned $0.05 earnings per share. On average, analysts expect that Hagerty, Inc. will post 0.22 earnings per share for the current year.

Institutional Trading of Hagerty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Hagerty during the 4th quarter valued at about $51,000. FMR LLC lifted its holdings in shares of Hagerty by 25,769.2% in the third quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after purchasing an additional 6,700 shares in the last quarter. Algert Global LLC purchased a new position in shares of Hagerty during the second quarter valued at approximately $108,000. Blue Trust Inc. grew its holdings in Hagerty by 178.6% during the third quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock worth $110,000 after buying an additional 6,758 shares in the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in Hagerty in the 2nd quarter valued at $139,000. 20.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Raymond James downgraded Hagerty from a “market perform” rating to an “underperform” rating in a 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.