Hagerty (NYSE:HGTY) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

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

Hagerty Trading Down 0.8 %

NYSE:HGTY opened at $10.04 on Tuesday. 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 stock has a 50-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 P/E ratio of 91.25 and a beta of 0.85. Hagerty has a 1 year low of $8.30 and a 1 year high of $12.35.

Wall Street Analyst Weigh In

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

Insider Activity at Hagerty

In other news, Director Robert I. Kauffman sold 9,322 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $11.48, for a total value of $107,016.56. Following the completion of the sale, the director now directly owns 4,547,725 shares of the company’s stock, valued at approximately $52,207,883. This represents a 0.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 132,195 shares of company stock valued at $1,320,889 in the last three months. 17.90% of the stock is currently owned by company insiders.

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.