Hagerty (NYSE:HGTY) Issues Earnings Results

Hagerty (NYSE:HGTY) announced its quarterly earnings data on Tuesday. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01, Zacks reports. Hagerty had a return on equity of 12.06% and a net margin of 5.27%. Hagerty updated its FY 2025 guidance to EPS.

Hagerty Stock Down 0.8 %

Shares of Hagerty stock opened at $10.04 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. Hagerty has a 12 month low of $8.30 and a 12 month high of $12.35. The business has a fifty day simple moving average of $9.86 and a 200 day simple moving average of $10.65. The stock has a market cap of $3.42 billion, a PE ratio of 91.25 and a beta of 0.85.

Insider Buying and Selling

In other Hagerty news, Director Robert I. Kauffman sold 2,687 shares of Hagerty stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $9.98, for a total value of $26,816.26. Following the sale, the director now directly owns 4,449,856 shares in the company, valued at approximately $44,409,562.88. The trade was a 0.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 132,195 shares of company stock valued at $1,320,889 over the last three months. Company insiders own 17.90% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.