Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 4,600 Shares

Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 4,600 shares of the company's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $10.06, for a total value of $46,276.00. Following the sale, the director owned 3,694,235 shares of the company's stock, valued at approximately $37,164,004.10. This trade represents a 0.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Hagerty Price Performance

Shares of NYSE:HGTY traded up $0.16 during trading on Thursday, hitting $10.19. 33,435 shares of the company's stock were exchanged, compared to its average volume of 73,472. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.01 and a quick ratio of 1.01. Hagerty, Inc. has a 52-week low of $8.03 and a 52-week high of $12.35. The business's 50-day simple moving average is $9.59 and its 200 day simple moving average is $9.56. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 50.95 and a beta of 0.90.

Hagerty (NYSE:HGTY - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.06. Hagerty had a return on equity of 13.55% and a net margin of 4.73%. The company had revenue of $319.59 million during the quarter, compared to analyst estimates of $299.92 million. During the same period in the prior year, the company earned $0.04 earnings per share. As a group, equities analysts predict that Hagerty, Inc. will post 0.22 EPS for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their price objective on Hagerty from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th.

Institutional Investors Weigh In On Hagerty

Several institutional investors have recently modified their holdings of HGTY. Bank of New York Mellon Corp purchased a new stake in shares of Hagerty in the fourth quarter worth approximately $182,000. Steward Partners Investment Advisory LLC increased its holdings in Hagerty by 35.9% during 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 during the period. Charles Schwab Investment Management Inc. increased its holdings in Hagerty by 6.3% during 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 during the period. Raymond James Financial Inc. purchased a new position in Hagerty during the 4th quarter worth $879,000. Finally, Markel Group Inc. increased its holdings in Hagerty by 3.6% during 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 during the period. 20.51% of the stock is owned by institutional investors.

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.