Robert I. Kauffman Sells 4,548 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 4,548 shares of Hagerty stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $11.04, for a total value of $50,209.92. Following the sale, the director now directly owns 5,539,102 shares in the company, valued at $61,151,686.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hagerty Stock Performance

Hagerty stock opened at $11.20 on Thursday. The stock has a market cap of $3.77 billion, a P/E ratio of 186.70 and a beta of 0.80. The stock has a 50 day moving average of $9.77 and a 200-day moving average of $8.92. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.22. Hagerty, Inc. has a 52 week low of $7.52 and a 52 week high of $11.23.

Hagerty (NYSE:HGTY) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm had revenue of $271.71 million for the quarter, compared to analysts’ expectations of $264.32 million. Hagerty had a return on equity of 6.35% and a net margin of 1.82%. On average, analysts expect that Hagerty, Inc. will post 0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Hagerty

Institutional investors have recently modified their holdings of the business. Blue Trust Inc. acquired a new position in Hagerty during the 4th quarter valued at approximately $57,000. MeadowBrook Investment Advisors LLC acquired a new position in Hagerty during the 4th quarter valued at about $132,000. Quadrature Capital Ltd acquired a new position in shares of Hagerty during the third quarter valued at approximately $147,000. Meixler Investment Management Ltd. raised its stake 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 worth $223,000 after buying an additional 4,250 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new stake in Hagerty in the third quarter worth about $206,000. Institutional investors own 20.51% of the company’s stock.

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.