Hagerty (NYSE:HGTY) Director Anthony Kuczinski Purchases 1,000 Shares

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 Kuczinski bought 1,000 shares of the stock in a transaction on Friday, September 5th. The shares were bought at an average cost of $11.62 per share, with a total value of $11,620.00. Following the purchase, the director owned 28,277 shares of the company's stock, valued at $328,578.74. This trade represents a 3.67% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hagerty Stock Up 2.0%

Shares of HGTY traded up $0.23 during mid-day trading on Monday, hitting $12.01. 212,320 shares of the company's stock were exchanged, compared to its average volume of 98,197. Hagerty, Inc. has a fifty-two week low of $8.03 and a fifty-two week high of $12.10. The stock's 50-day moving average is $10.61 and its 200-day moving average is $9.79. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 60.07 and a beta of 0.91.

Hagerty (NYSE:HGTY - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.02. The company had revenue of $368.70 million for the quarter, compared to analysts' expectations of $347.15 million. Hagerty had a net margin of 4.88% and a return on equity of 13.76%. Hagerty has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Hagerty, Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hagerty

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in shares of Hagerty by 225.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 62,034 shares of the company's stock worth $599,000 after purchasing an additional 42,967 shares in the last quarter. Voya Investment Management LLC bought a new position in shares of Hagerty in the fourth quarter worth $104,000. Jane Street Group LLC bought a new position in shares of Hagerty in the fourth quarter worth $230,000. BNP Paribas Financial Markets bought a new position in shares of Hagerty in the fourth quarter worth $84,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake 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 valued at $620,000 after buying an additional 4,575 shares in the last quarter. 20.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on HGTY. Keefe, Bruyette & Woods initiated coverage on shares of Hagerty in a research note on Wednesday, August 27th. They issued an "outperform" rating and a $14.00 target price for the company. Evercore ISI assumed coverage on Hagerty in a report on Wednesday, August 27th. They issued an "outperform" rating and a $14.00 price target for the company. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Hagerty has an average rating of "Hold" and a consensus price target of $12.67.

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.

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