Robert I. Kauffman Sells 10,380 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 10,380 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $9.66, for a total transaction of $100,270.80. Following the sale, the director now owns 3,789,071 shares of the company's stock, valued at $36,602,425.86. The trade was a 0.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hagerty Trading Up 2.0%

Shares of NYSE:HGTY traded up $0.19 during mid-day trading on Wednesday, reaching $9.74. The stock had a trading volume of 108,337 shares, compared to its average volume of 85,202. The firm has a 50 day simple moving average of $9.27 and a two-hundred day simple moving average of $9.65. Hagerty, Inc. has a twelve month low of $8.03 and a twelve month high of $12.35. The firm has a market cap of $3.33 billion, a PE ratio of 48.70 and a beta of 0.91. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25.

Hagerty (NYSE:HGTY - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.02 by $0.06. The firm had revenue of $319.59 million during the quarter, compared to the consensus estimate of $299.92 million. Hagerty had a net margin of 4.73% and a return on equity of 13.55%. During the same quarter in the prior year, the firm earned $0.04 earnings per share. On average, research analysts predict that Hagerty, Inc. will post 0.22 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Trading of Hagerty

A number of large investors have recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new position in Hagerty in the fourth quarter valued at approximately $31,000. Ancora Advisors LLC acquired a new stake in shares of Hagerty during the fourth quarter worth $46,000. BNP Paribas Financial Markets bought a new stake in Hagerty in the 4th quarter valued at $84,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Hagerty in the 1st quarter worth $93,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in Hagerty by 35.9% in the 4th 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. Institutional investors own 20.51% of the company's 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.

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