Hagerty (HGTY) to Release Quarterly Earnings on Tuesday

Hagerty (NYSE:HGTY - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Hagerty has set its FY 2024 guidance at EPS.Investors interested in registering for the company's conference call can do so using this link.

Hagerty (NYSE:HGTY - Get Free Report) last released its earnings results on Tuesday, March 12th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $245.04 million for the quarter, compared to analyst estimates of $245.17 million. Hagerty had a net margin of 1.84% and a return on equity of 4.53%. On average, analysts expect Hagerty to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Hagerty Trading Up 2.5 %

Hagerty stock traded up $0.22 during mid-day trading on Tuesday, hitting $8.95. The company's stock had a trading volume of 40,596 shares, compared to its average volume of 53,607. The business has a 50 day moving average price of $8.81 and a 200-day moving average price of $8.37. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.48 and a quick ratio of 1.48. Hagerty has a 12 month low of $7.52 and a 12 month high of $10.36. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 127.86 and a beta of 0.77.

Insider Buying and Selling at Hagerty

In other news, Director Robert I. Kauffman sold 2,998 shares of Hagerty stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $9.04, for a total value of $27,101.92. Following the sale, the director now directly owns 3,429,332 shares in the company, valued at approximately $31,001,161.28. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Robert I. Kauffman sold 2,998 shares of the firm's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $9.04, for a total value of $27,101.92. Following the completion of the sale, the director now directly owns 3,429,332 shares of the company's stock, valued at approximately $31,001,161.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert I. Kauffman sold 3,465 shares of the business's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $9.02, for a total transaction of $31,254.30. Following the transaction, the director now owns 3,424,072 shares in the company, valued at approximately $30,885,129.44. The disclosure for this sale can be found here. Insiders sold 17,943 shares of company stock valued at $162,121 in the last quarter. Company insiders own 17.90% of the company's stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. started coverage on Hagerty in a research report on Thursday, January 11th. They set a "neutral" rating and a $9.00 price target on the stock.

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.