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

Hagerty logo with Finance background

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

Hagerty Trading Up 0.8%

Shares of HGTY traded up $0.09 during mid-day trading on Wednesday, hitting $10.23. The company had a trading volume of 87,214 shares, compared to its average volume of 72,249. The business's 50-day simple moving average is $9.81 and its 200-day simple moving average is $9.55. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. Hagerty, Inc. has a 1-year low of $8.03 and a 1-year high of $12.35. The stock has a market cap of $3.49 billion, a PE ratio of 51.15 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 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.06. The firm had revenue of $319.59 million for the quarter, compared to analysts' expectations of $299.92 million. Hagerty had a net margin of 4.73% and a return on equity of 13.55%. During the same period in the previous year, the company posted $0.04 earnings per share. Sell-side analysts forecast that Hagerty, Inc. will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HGTY. KLP Kapitalforvaltning AS acquired a new position in Hagerty during the fourth quarter valued at approximately $31,000. Ancora Advisors LLC acquired a new position in shares of Hagerty during the fourth quarter worth $46,000. BNP Paribas Financial Markets acquired a new position in shares of Hagerty during the fourth quarter worth $84,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Hagerty during the first quarter worth $93,000. Finally, Voya Investment Management LLC acquired a new position in shares of Hagerty during the fourth quarter worth $104,000. 20.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased 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.

View Our Latest Stock Analysis on HGTY

Hagerty Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Hagerty (NYSE:HGTY)

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