Hagerty, Inc. (NYSE:HGTY) Director Sells $127,734.00 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 12,200 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $10.47, for a total transaction of $127,734.00. Following the completion of the transaction, the director now directly owns 2,986,475 shares in the company, valued at approximately $31,268,393.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hagerty Trading Up 0.5 %

NYSE HGTY opened at $11.07 on Thursday. The firm’s 50-day moving average is $9.54 and its two-hundred day moving average is $8.81. Hagerty, Inc. has a 12 month low of $7.52 and a 12 month high of $11.10. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a market capitalization of $3.73 billion, a P/E ratio of 184.53 and a beta of 0.80.

Hagerty (NYSE:HGTY) last posted its earnings results on Tuesday, May 7th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $271.71 million for the quarter, compared to analysts’ expectations of $264.32 million. Hagerty had a net margin of 1.82% and a return on equity of 6.35%. On average, sell-side analysts anticipate that Hagerty, Inc. will post 0.21 earnings per share for the current year.

Institutional Trading of Hagerty

A number of institutional investors and hedge funds have recently bought and sold shares of HGTY. Confluence Investment Management LLC purchased a new stake in Hagerty during the first quarter worth about $3,473,000. Lincoln Capital LLC increased its stake in Hagerty by 18.0% during the fourth quarter. Lincoln Capital LLC now owns 328,763 shares of the company’s stock worth $2,593,000 after purchasing an additional 50,140 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Hagerty by 34.7% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 103,300 shares of the company’s stock worth $806,000 after purchasing an additional 26,600 shares during the period. Hsbc Holdings PLC purchased a new stake in Hagerty during the third quarter worth about $206,000. Finally, Vanguard Group Inc. increased its stake in Hagerty by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company’s stock worth $18,559,000 after purchasing an additional 21,331 shares during the period. 20.51% of the stock is currently owned by hedge funds and other institutional investors.

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.