Hagerty, Inc. (NYSE:HGTY) Director Sells $44,025.50 in Stock

Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 4,610 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $9.55, for a total value of $44,025.50. Following the completion of the sale, the director now owns 3,799,451 shares of the company's stock, valued at $36,284,757.05. The trade was a 0.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hagerty Trading Up 2.0%

Shares of HGTY traded up $0.19 during trading hours on Wednesday, reaching $9.74. 108,337 shares of the company traded hands, compared to its average volume of 85,202. Hagerty, Inc. has a 12 month low of $8.03 and a 12 month high of $12.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. The company's fifty day moving average price is $9.27 and its two-hundred day moving average price is $9.65. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 48.70 and a beta of 0.91.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Hagerty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HGTY. KLP Kapitalforvaltning AS purchased a new stake in shares of Hagerty in the 4th quarter worth about $31,000. Ancora Advisors LLC bought a new position in shares of Hagerty during the fourth quarter valued at $46,000. BNP Paribas Financial Markets purchased a new position in shares of Hagerty in the 4th quarter worth about $84,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Hagerty in the 1st quarter worth about $93,000. Finally, Steward Partners Investment Advisory LLC increased its stake in Hagerty by 35.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company's stock valued at $100,000 after purchasing an additional 2,726 shares in the last quarter. 20.51% of the stock is owned by hedge funds and other institutional investors.

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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