Robert I. Kauffman Sells 14,862 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 14,862 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $10.00, for a total transaction of $148,620.00. Following the completion of the sale, the director directly owned 3,476,057 shares of the company's stock, valued at $34,760,570. This represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Hagerty Trading Up 0.4%

HGTY stock traded up $0.04 during mid-day trading on Friday, hitting $10.08. 77,246 shares of the company were exchanged, compared to its average volume of 72,041. The business has a fifty day simple moving average of $9.81 and a 200-day simple moving average of $9.55. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. Hagerty, Inc. has a 12-month low of $8.03 and a 12-month high of $12.35. The firm has a market capitalization of $3.44 billion, a P/E ratio of 50.40 and a beta of 0.90.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Hagerty

Institutional investors have recently modified their holdings of the stock. KLP Kapitalforvaltning AS acquired a new position in shares of Hagerty in the 4th quarter valued at $31,000. Ancora Advisors LLC acquired a new position in shares of Hagerty in the 4th quarter valued at $46,000. BNP Paribas Financial Markets acquired a new position in shares of Hagerty in the 4th quarter valued at $84,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Hagerty in the 1st quarter valued at $93,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Hagerty by 35.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company's stock valued at $100,000 after acquiring an additional 2,726 shares during the period. Hedge funds and other 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.