Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 17,762 Shares

Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 17,762 shares of the company's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $10.04, for a total value of $178,330.48. Following the completion of the sale, the director owned 3,441,323 shares of the company's stock, valued at approximately $34,550,882.92. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hagerty Trading Up 3.1%

NYSE:HGTY traded up $0.32 during trading hours on Thursday, hitting $10.60. The company had a trading volume of 218,111 shares, compared to its average volume of 79,157. Hagerty, Inc. has a 1 year low of $8.03 and a 1 year high of $12.35. The company has a 50-day moving average of $9.87 and a 200 day moving average of $9.56. The company has a market cap of $3.62 billion, a P/E ratio of 52.98 and a beta of 0.90. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25.

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 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 in the prior year, the company posted $0.04 EPS. Sell-side analysts expect that Hagerty, Inc. will post 0.22 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Hagerty

Several large investors have recently modified their holdings of the business. Swiss National Bank raised its position in Hagerty by 6.0% in the 4th quarter. Swiss National Bank now owns 53,000 shares of the company's stock valued at $511,000 after purchasing an additional 3,000 shares in the last quarter. IFP Advisors Inc acquired a new stake in Hagerty in the 2nd quarter valued at about $30,000. KLP Kapitalforvaltning AS acquired a new stake in Hagerty in the 4th quarter valued at about $31,000. Garde Capital Inc. raised its position in Hagerty by 4.0% in the 4th quarter. Garde Capital Inc. now owns 103,960 shares of the company's stock valued at $1,003,000 after purchasing an additional 3,960 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Hagerty by 7.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 64,205 shares of the company's stock valued at $620,000 after purchasing an additional 4,575 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.