Hagerty, Inc. (NYSE:HGTY – Get Free Report) Director Robert I. Kauffman sold 5,874 shares of Hagerty stock in a transaction on Monday, September 30th. The stock was sold at an average price of $10.22, for a total value of $60,032.28. Following the completion of the sale, the director now directly owns 5,134,664 shares of the company’s stock, valued at approximately $52,476,266.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Hagerty Stock Down 2.4 %
HGTY opened at $10.17 on Tuesday. Hagerty, Inc. has a fifty-two week low of $7.52 and a fifty-two week high of $12.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 169.50 and a beta of 0.81. The firm’s fifty day moving average is $11.10 and its 200 day moving average is $10.10.
Hagerty (NYSE:HGTY – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $313.23 million during the quarter, compared to analyst estimates of $312.64 million. Hagerty had a return on equity of 15.68% and a net margin of 5.37%. On average, sell-side analysts forecast that Hagerty, Inc. will post 0.26 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Hagerty
Analysts Set New Price Targets
HGTY has been the topic of several analyst reports. Truist Financial lifted their target price on Hagerty from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price objective on Hagerty from $9.50 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th.
Get Our Latest Analysis on HGTY
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.
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