JPMorgan Chase & Co. Has $281,000 Stock Holdings in Hagerty, Inc. (NYSE:HGTY)

JPMorgan Chase & Co. boosted its holdings in shares of Hagerty, Inc. (NYSE:HGTY - Free Report) by 2,185.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,139 shares of the company's stock after buying an additional 27,864 shares during the period. JPMorgan Chase & Co.'s holdings in Hagerty were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its holdings in shares of Hagerty by 35.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company's stock worth $100,000 after purchasing an additional 2,726 shares during the period. Swiss National Bank boosted its stake in shares of Hagerty by 6.0% during the 4th quarter. Swiss National Bank now owns 53,000 shares of the company's stock valued at $511,000 after buying an additional 3,000 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Hagerty during the 4th quarter valued at $31,000. R Squared Ltd acquired a new position in shares of Hagerty in the fourth quarter worth $51,000. Finally, Barclays PLC raised its holdings in shares of Hagerty by 23.0% during the third quarter. Barclays PLC now owns 31,675 shares of the company's stock worth $321,000 after acquiring an additional 5,932 shares in the last quarter. 20.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hagerty

In other Hagerty news, Director Robert I. Kauffman sold 3,231 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $10.17, for a total transaction of $32,859.27. Following the completion of the sale, the director now directly owns 4,308,961 shares in the company, valued at $43,822,133.37. This represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laurie Harris sold 3,934 shares of Hagerty stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $8.41, for a total value of $33,084.94. Following the completion of the transaction, the director now owns 30,349 shares in the company, valued at $255,235.09. The trade was a 11.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,049 shares of company stock worth $633,883. 17.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut their price target on Hagerty from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th.

Hagerty Stock Up 0.6 %

Shares of HGTY stock traded up $0.06 on Thursday, hitting $9.81. The company's stock had a trading volume of 9,228 shares, compared to its average volume of 84,748. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 89.18 and a beta of 0.88. Hagerty, Inc. has a fifty-two week low of $8.03 and a fifty-two week high of $12.35. The firm's fifty day moving average price is $9.02 and its 200-day moving average price is $9.96.

Hagerty (NYSE:HGTY - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.06. Hagerty had a return on equity of 12.06% and a net margin of 5.27%. The company had revenue of $319.59 million during the quarter, compared to the consensus estimate of $299.92 million. During the same quarter in the prior year, the company posted $0.04 EPS. Research analysts anticipate that Hagerty, Inc. will post 0.22 EPS for the current year.

Hagerty 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.