Hagerty, Inc. (NYSE:HGTY) Director Sells $48,926.80 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 5,044 shares of Hagerty stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $9.70, for a total transaction of $48,926.80. Following the sale, the director now directly owns 4,361,998 shares in the company, valued at $42,311,380.60. This trade represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Hagerty Trading Down 0.3 %

NYSE:HGTY traded down $0.03 during mid-day trading on Thursday, hitting $9.70. 50,668 shares of the company’s stock were exchanged, compared to its average volume of 55,633. The company has a 50 day simple moving average of $10.54 and a 200-day simple moving average of $10.83. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. Hagerty, Inc. has a fifty-two week low of $7.82 and a fifty-two week high of $12.35. The firm has a market capitalization of $3.31 billion, a P/E ratio of 88.14 and a beta of 0.86.

Hagerty (NYSE:HGTY) last posted its earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). Hagerty had a return on equity of 12.06% and a net margin of 5.27%. The business had revenue of $323.37 million for the quarter, compared to analyst estimates of $318.07 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. As a group, research analysts expect that Hagerty, Inc. will post 0.22 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Hagerty

Several hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in Hagerty during the 4th quarter worth approximately $51,000. Blue Trust Inc. lifted its position in shares of Hagerty by 188.6% in the 4th quarter. Blue Trust Inc. now owns 30,423 shares of the company’s stock worth $309,000 after purchasing an additional 19,881 shares during the period. Lincoln Capital LLC lifted its position in shares of Hagerty by 6.7% in the 4th quarter. Lincoln Capital LLC now owns 494,495 shares of the company’s stock worth $4,772,000 after purchasing an additional 31,068 shares during the period. Barclays PLC lifted its position in shares of Hagerty by 23.0% in the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after purchasing an additional 5,932 shares during the period. Finally, PDT Partners LLC acquired a new position in shares of Hagerty in the 3rd quarter worth approximately $185,000. 20.51% of the stock is currently owned by institutional investors and hedge funds.

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.