Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells 14,862 Shares of Stock

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

Hagerty Stock Performance

Shares of Hagerty stock traded up $0.09 on Thursday, hitting $10.09. The stock had a trading volume of 35,492 shares, compared to its average volume of 72,027. Hagerty, Inc. has a twelve month low of $8.03 and a twelve month high of $12.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.25. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 50.43 and a beta of 0.90. The business's 50 day moving average is $9.80 and its two-hundred day moving average is $9.54.

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Hagerty

Several institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC boosted its stake in shares of Hagerty by 35.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company's stock valued at $100,000 after buying an additional 2,726 shares during the period. Swiss National Bank increased its holdings in shares of Hagerty by 6.0% during the fourth quarter. Swiss National Bank now owns 53,000 shares of the company's stock worth $511,000 after buying an additional 3,000 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Hagerty during the fourth quarter worth $31,000. Garde Capital Inc. increased its holdings in shares of Hagerty by 4.0% during the fourth quarter. Garde Capital Inc. now owns 103,960 shares of the company's stock worth $1,003,000 after buying an additional 3,960 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Hagerty by 7.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 64,205 shares of the company's stock worth $620,000 after purchasing an additional 4,575 shares during the last quarter. 20.51% of the stock is currently owned by institutional investors.

About Hagerty

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.