Hagerty, Inc. (NYSE:HGTY) Director Sells $27,181.98 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 2,538 shares of the business’s stock in a transaction dated 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 owns 5,074,471 shares in the company, valued at approximately $54,347,584.41. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Hagerty Trading Up 0.8 %

Shares of NYSE HGTY opened at $10.51 on Thursday. The stock’s 50 day moving average price is $11.02 and its two-hundred day moving average price is $10.28. Hagerty, Inc. has a 52-week low of $7.52 and a 52-week high of $12.35. The stock has a market capitalization of $3.54 billion, a P/E ratio of 174.83 and a beta of 0.79. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Truist Financial boosted their price target on Hagerty from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. boosted their price target on Hagerty from $9.50 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th.

Institutional Trading of Hagerty

Institutional investors and hedge funds have recently made changes to their positions in the stock. Algert Global LLC acquired a new stake in shares of Hagerty during the 2nd quarter worth approximately $108,000. Dimensional Fund Advisors LP acquired a new stake in shares of Hagerty during the 2nd quarter worth approximately $139,000. Blue Trust Inc. acquired a new stake in shares of Hagerty during the 2nd quarter worth approximately $39,000. Vanguard Group Inc. raised its position in shares of Hagerty by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company’s stock worth $18,559,000 after purchasing an additional 21,331 shares during the period. Finally, Lakewood Asset Management LLC acquired a new stake in shares of Hagerty during the 3rd quarter worth approximately $186,000. 20.51% of the stock is currently owned by institutional investors and hedge funds.

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.