Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 3,713 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,713 shares of Hagerty stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $9.57, for a total transaction of $35,533.41. Following the completion of the sale, the director now owns 4,331,394 shares of the company’s stock, valued at $41,451,440.58. This trade represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hagerty Stock Up 0.5 %

Shares of HGTY stock opened at $10.22 on Friday. The stock’s 50 day simple moving average is $10.17 and its 200 day simple moving average is $10.73. Hagerty, Inc. has a twelve month low of $8.09 and a twelve month high of $12.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 92.91 and a beta of 0.85.

Hagerty (NYSE:HGTY) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The firm had revenue of $323.37 million during the quarter, compared to the consensus estimate of $318.07 million. Hagerty had a net margin of 5.27% and a return on equity of 12.06%. During the same period in the prior year, the business earned $0.05 EPS. As a group, research analysts predict that Hagerty, Inc. will post 0.22 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP bought a new stake in Hagerty during the second quarter valued at about $139,000. Algert Global LLC acquired a new position in shares of Hagerty during the 2nd quarter worth about $108,000. Blue Trust Inc. boosted its stake in Hagerty by 178.6% during the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock valued at $110,000 after purchasing an additional 6,758 shares during the period. Goldstone Financial Group LLC acquired a new stake in Hagerty in the 3rd quarter valued at approximately $236,000. Finally, 17 Capital Partners LLC increased its position in Hagerty by 10.0% in the 3rd quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock worth $559,000 after buying an additional 5,000 shares during the period. 20.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Raymond James downgraded shares of Hagerty from a “market perform” rating to an “underperform” rating in a report on Thursday, December 26th.

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.