Hagerty (NYSE:HGTY) Director Buys $11,620.00 in Stock

Key Points

• Hagerty Director Anthony Kuczinski purchased 1,000 shares at an average price of $11.62, increasing his total holdings to 28,277 shares valued at approximately $328,579.
• The company's stock rose 2.0% recently, trading at $12.01, with a market cap of $4.11 billion and earnings per share reported at $0.13.
• Brokerages have an average rating of "Hold" for Hagerty stock, with target prices ranging from $12.67 to $14.00 from various analysts.

Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Anthony J. Kuczinski acquired 1,000 shares of the business's stock in a transaction on Friday, September 5th. The stock was acquired at an average cost of $11.62 per share, for a total transaction of $11,620.00. Following the transaction, the director owned 28,277 shares of the company's stock, valued at approximately $328,578.74. The trade was a 3.67% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hagerty Stock Performance

HGTY stock traded up $0.03 during midday trading on Friday, hitting $12.53. The company's stock had a trading volume of 211,599 shares, compared to its average volume of 145,807. The stock's 50-day moving average price is $10.83 and its 200 day moving average price is $9.88. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.27. Hagerty, Inc. has a 1 year low of $8.03 and a 1 year high of $12.75. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 62.63 and a beta of 0.91.

Hagerty (NYSE:HGTY - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $368.70 million for the quarter, compared to analyst estimates of $347.15 million. Hagerty had a return on equity of 13.76% and a net margin of 4.88%. Hagerty has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Hagerty, Inc. will post 0.22 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Evercore ISI assumed coverage on Hagerty in a research note on Wednesday, August 27th. They issued an "outperform" rating and a $14.00 target price on the stock. Keefe, Bruyette & Woods assumed coverage on Hagerty in a research note on Wednesday, August 27th. They issued an "outperform" rating and a $14.00 target price on the stock. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $12.67.

Institutional Trading of Hagerty

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC increased its stake in Hagerty by 15.7% in the 1st quarter. Neuberger Berman Group LLC now owns 5,468,793 shares of the company's stock worth $49,438,000 after acquiring an additional 743,597 shares during the last quarter. Greenhaven Road Investment Management L.P. increased its stake in Hagerty by 33.2% in the 2nd quarter. Greenhaven Road Investment Management L.P. now owns 1,811,539 shares of the company's stock worth $18,315,000 after acquiring an additional 451,033 shares during the last quarter. Garner Asset Management Corp bought a new position in Hagerty in the 1st quarter worth about $2,909,000. Scholtz & Company LLC bought a new position in Hagerty in the 2nd quarter worth about $2,429,000. Finally, Lincoln Capital LLC increased its stake in Hagerty by 12.3% in the 1st quarter. Lincoln Capital LLC now owns 555,286 shares of the company's stock worth $4,753,000 after acquiring an additional 60,791 shares during the last quarter. 20.51% of the stock is currently 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.