Robert I. Kauffman Sells 29,352 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 29,352 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $10.30, for a total value of $302,325.60. Following the completion of the sale, the director now directly owns 2,998,675 shares in the company, valued at approximately $30,886,352.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Hagerty Trading Up 0.5 %

Shares of HGTY stock opened at $11.07 on Thursday. 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, Inc. has a fifty-two week low of $7.52 and a fifty-two week high of $11.10. The company has a market cap of $3.73 billion, a PE ratio of 184.53 and a beta of 0.80. The stock’s fifty day moving average price is $9.54 and its two-hundred day moving average price is $8.81.

Hagerty (NYSE:HGTY) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $264.32 million. Equities analysts predict that Hagerty, Inc. will post 0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Hagerty

Several hedge funds have recently modified their holdings of HGTY. Hsbc Holdings PLC acquired a new stake in shares of Hagerty during the 3rd quarter valued at $206,000. Quadrature Capital Ltd acquired a new stake in shares of Hagerty during the 3rd quarter valued at $147,000. Lincoln Capital LLC boosted its holdings in shares of Hagerty by 18.0% during the 4th quarter. Lincoln Capital LLC now owns 328,763 shares of the company’s stock valued at $2,593,000 after acquiring an additional 50,140 shares in the last quarter. Blue Trust Inc. acquired a new stake in shares of Hagerty during the 4th quarter valued at $57,000. Finally, Fenimore Asset Management Inc. boosted its holdings in shares of Hagerty by 0.8% during the 4th quarter. Fenimore Asset Management Inc. now owns 945,286 shares of the company’s stock valued at $7,373,000 after acquiring an additional 7,600 shares in the last quarter. Institutional investors and hedge funds 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.