Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 3,100 Shares

Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 3,100 shares of the firm's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $10.19, for a total transaction of $31,589.00. Following the transaction, the director directly owned 3,671,635 shares in the company, valued at $37,413,960.65. This trade represents a 0.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Hagerty Stock Down 0.2%

NYSE HGTY traded down $0.02 during trading on Tuesday, reaching $10.14. 90,423 shares of the company's stock traded hands, compared to its average volume of 73,530. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 50.70 and a beta of 0.90. The company's 50 day simple moving average is $9.65 and its two-hundred day simple moving average is $9.53. Hagerty, Inc. has a 12-month low of $8.03 and a 12-month high of $12.35.

Hagerty (NYSE:HGTY - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.06. Hagerty had a net margin of 4.73% and a return on equity of 13.55%. The firm had revenue of $319.59 million for the quarter, compared to the consensus estimate of $299.92 million. During the same quarter in the previous year, the firm earned $0.04 EPS. As a group, sell-side analysts forecast that Hagerty, Inc. will post 0.22 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their target price on shares of Hagerty from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HGTY. Bank of New York Mellon Corp acquired a new stake in Hagerty in the 4th quarter worth approximately $182,000. Steward Partners Investment Advisory LLC boosted its stake in Hagerty by 35.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company's stock worth $100,000 after purchasing an additional 2,726 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Hagerty by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 140,037 shares of the company's stock worth $1,351,000 after purchasing an additional 8,258 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Hagerty in the 4th quarter worth approximately $879,000. Finally, Markel Group Inc. boosted its stake in Hagerty by 3.6% in the 4th quarter. Markel Group Inc. now owns 3,108,000 shares of the company's stock worth $29,992,000 after purchasing an additional 108,000 shares in the last quarter. Hedge funds and other institutional investors 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.

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