Hagerty (HGTY) Expected to Announce Quarterly Earnings on Tuesday

Hagerty (NYSE:HGTY) is expected to be posting its quarterly earnings results before the market opens on Tuesday, March 4th. Analysts expect Hagerty to post earnings of $0.01 per share and revenue of $279.59 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Hagerty Trading Up 1.0 %

Hagerty stock opened at $10.09 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $9.90 and a two-hundred day moving average price of $10.66. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 91.73 and a beta of 0.85. Hagerty has a 52-week low of $8.27 and a 52-week high of $12.35.

Insider Transactions at Hagerty

In related news, Director Robert I. Kauffman sold 9,322 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $11.48, for a total value of $107,016.56. Following the sale, the director now directly owns 4,547,725 shares in the company, valued at $52,207,883. The trade was a 0.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 138,550 shares of company stock valued at $1,395,815. Company insiders own 17.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Raymond James lowered shares of Hagerty from a “market perform” rating to an “underperform” rating in a research note 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.