Hagerty, Inc. (NYSE:HGTY – Get Free Report) Director Robert I. Kauffman sold 4,431 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $10.46, for a total transaction of $46,348.26. Following the sale, the director now owns 5,108,221 shares in the company, valued at $53,431,991.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Hagerty Stock Performance
Hagerty stock opened at $10.52 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.04. Hagerty, Inc. has a 1-year low of $7.52 and a 1-year high of $12.35. The firm has a market capitalization of $3.54 billion, a P/E ratio of 175.33 and a beta of 0.79. The company’s 50-day moving average is $11.03 and its 200 day moving average is $10.17.
Hagerty (NYSE:HGTY – Get Free Report) last posted 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. Hagerty had a net margin of 5.37% and a return on equity of 15.68%. The company had revenue of $313.23 million for the quarter, compared to analyst estimates of $312.64 million. Research analysts forecast that Hagerty, Inc. will post 0.26 EPS for the current year.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on Hagerty
Institutional Trading of Hagerty
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HGTY. Confluence Investment Management LLC purchased a new stake in Hagerty in the 1st quarter worth about $3,473,000. Meixler Investment Management Ltd. increased its position in shares of Hagerty by 21.2% during the first quarter. Meixler Investment Management Ltd. now owns 24,325 shares of the company’s stock worth $223,000 after acquiring an additional 4,250 shares during the period. Vanguard Group Inc. increased its position in shares of 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 acquiring an additional 21,331 shares during the period. Blue Trust Inc. purchased a new position in shares of Hagerty during the second quarter worth approximately $39,000. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Hagerty during the second quarter worth approximately $139,000. 20.51% of the stock is 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.
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