Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 9,914 Shares

Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 9,914 shares of Hagerty stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $10.15, for a total value of $100,627.10. Following the completion of the transaction, the director owned 3,661,721 shares of the company's stock, valued at $37,166,468.15. The trade was a 0.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Hagerty Stock Down 0.2%

Shares of NYSE HGTY traded down $0.02 during midday trading on Tuesday, hitting $10.14. 90,423 shares of the company's stock were exchanged, 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. Hagerty, Inc. has a twelve month low of $8.03 and a twelve month high of $12.35. The company has a market cap of $3.47 billion, a PE ratio of 50.70 and a beta of 0.90. The firm's fifty day simple moving average is $9.65 and its 200-day simple moving average is $9.53.

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On Hagerty

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC increased its position in Hagerty by 35.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company's stock worth $100,000 after buying an additional 2,726 shares during the period. Swiss National Bank increased its position in Hagerty by 6.0% during the fourth quarter. Swiss National Bank now owns 53,000 shares of the company's stock worth $511,000 after buying an additional 3,000 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Hagerty during the fourth quarter worth approximately $31,000. Garde Capital Inc. increased its position in Hagerty by 4.0% during the fourth quarter. Garde Capital Inc. now owns 103,960 shares of the company's stock worth $1,003,000 after buying an additional 3,960 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Hagerty by 7.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 64,205 shares of the company's stock worth $620,000 after buying an additional 4,575 shares during the period. Institutional investors and hedge funds own 20.51% of the company's stock.

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.

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