Hagerty (NYSE:HGTY - Get Free Report) issued its earnings results on Monday. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.02, Zacks reports. The firm had revenue of $368.70 million for the quarter, compared to the consensus estimate of $347.15 million. Hagerty had a return on equity of 13.76% and a net margin of 4.88%. Hagerty updated its FY 2025 guidance to EPS.
Hagerty Stock Performance
Shares of NYSE HGTY traded up $1.24 during trading hours on Friday, hitting $10.58. 2,207,131 shares of the stock were exchanged, compared to its average volume of 85,641. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.06 and a quick ratio of 1.01. Hagerty has a one year low of $8.03 and a one year high of $12.35. The company's 50 day moving average is $10.06 and its 200 day moving average is $9.62. The firm has a market capitalization of $3.62 billion, a P/E ratio of 52.90 and a beta of 0.90.
Insider Transactions at Hagerty
In related news, Director Robert I. Kauffman sold 4,000 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $10.85, for a total transaction of $43,400.00. Following the completion of the transaction, the director owned 3,176,662 shares of the company's stock, valued at approximately $34,466,782.70. The trade was a 0.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 804,139 shares of company stock worth $8,124,538 in the last three months. 17.90% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Hagerty
A hedge fund recently raised its stake in Hagerty stock. Goldman Sachs Group Inc. increased its position in shares of Hagerty, Inc. (NYSE:HGTY - Free Report) by 24.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,383 shares of the company's stock after purchasing an additional 7,459 shares during the quarter. Goldman Sachs Group Inc.'s holdings in Hagerty were worth $338,000 at the end of the most recent quarter. Institutional investors own 20.51% of the company's stock.
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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