Robert I. Kauffman Sells 3,693 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,693 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $9.86, for a total transaction of $36,412.98. Following the transaction, the director now owns 4,348,872 shares in the company, valued at $42,879,877.92. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Hagerty Stock Down 0.3 %

HGTY stock opened at $9.71 on Friday. Hagerty, Inc. has a fifty-two week low of $7.87 and a fifty-two week high of $12.35. The business’s 50 day moving average price is $10.37 and its two-hundred day moving average price is $10.78. 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 $3.31 billion, a price-to-earnings ratio of 88.29 and a beta of 0.86.

Hagerty (NYSE:HGTY) last issued 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 company had revenue of $323.37 million during the quarter, compared to the consensus estimate of $318.07 million. Hagerty had a return on equity of 12.06% and a net margin of 5.27%. During the same period in the prior year, the firm earned $0.05 earnings per share. As a group, analysts forecast that Hagerty, Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hagerty

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP bought a new position in shares of Hagerty during the 2nd quarter valued at about $139,000. Algert Global LLC bought a new position in shares of Hagerty in the 2nd quarter valued at about $108,000. Lakewood Asset Management LLC bought a new position in shares of Hagerty in the 3rd quarter valued at about $186,000. Blue Trust Inc. lifted its holdings in shares of Hagerty by 178.6% in the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock valued at $110,000 after acquiring an additional 6,758 shares during the last quarter. Finally, Goldstone Financial Group LLC bought a new position in shares of Hagerty in the 3rd quarter valued at about $236,000. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Analyst Ratings Changes

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