Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 3,083 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,083 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $10.47, for a total value of $32,279.01. Following the completion of the transaction, the director now directly owns 5,071,388 shares in the company, valued at $53,097,432.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Hagerty Stock Up 0.8 %

Shares of NYSE HGTY opened at $10.51 on Thursday. The stock has a fifty day moving average price of $11.02 and a 200 day moving average price of $10.28. The company has a market cap of $3.54 billion, a P/E ratio of 174.83 and a beta of 0.79. Hagerty, Inc. has a 12-month low of $7.52 and a 12-month high of $12.35. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22.

Hagerty (NYSE:HGTY) last announced its earnings results on Tuesday, August 6th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The business had revenue of $313.23 million for the quarter, compared to the consensus estimate of $312.64 million. Hagerty had a return on equity of 15.68% and a net margin of 5.37%. Research analysts anticipate that Hagerty, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Truist Financial raised their price objective on Hagerty from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. raised their price target on shares of Hagerty from $9.50 to $11.00 and gave the company a “neutral” rating in a report on Thursday, July 11th.

Institutional Investors Weigh In On Hagerty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new stake in shares of Hagerty during the second quarter valued at about $39,000. Algert Global LLC purchased a new position in Hagerty in the second quarter valued at about $108,000. Dimensional Fund Advisors LP acquired a new stake in Hagerty during the 2nd quarter valued at approximately $139,000. Lakewood Asset Management LLC purchased a new stake in Hagerty during the 3rd quarter worth approximately $186,000. Finally, Meixler Investment Management Ltd. raised its position in shares of Hagerty by 21.2% in the 1st quarter. Meixler Investment Management Ltd. now owns 24,325 shares of the company’s stock valued at $223,000 after purchasing an additional 4,250 shares in the last quarter. Hedge funds and other institutional investors own 20.51% of the company’s stock.

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.