Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 5,044 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 5,044 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $9.70, for a total transaction of $48,926.80. Following the completion of the transaction, the director now directly owns 4,361,998 shares of the company’s stock, valued at approximately $42,311,380.60. This trade represents a 0.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hagerty Stock Performance

HGTY stock traded down $0.03 during trading hours on Thursday, reaching $9.70. The stock had a trading volume of 50,668 shares, compared to its average volume of 55,633. The stock has a market capitalization of $3.31 billion, a PE ratio of 88.14 and a beta of 0.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a 50-day simple moving average of $10.54 and a 200 day simple moving average of $10.83. Hagerty, Inc. has a fifty-two week low of $7.82 and a fifty-two week high of $12.35.

Hagerty (NYSE:HGTY) last announced 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 firm had revenue of $323.37 million during the quarter, compared to analyst estimates of $318.07 million. Hagerty had a net margin of 5.27% and a return on equity of 12.06%. During the same quarter in the prior year, the business earned $0.05 EPS. Analysts predict that Hagerty, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Hagerty

A number of hedge funds have recently modified their holdings of the stock. R Squared Ltd acquired a new stake in shares of Hagerty during the 4th quarter worth about $51,000. Blue Trust Inc. lifted its stake in shares of Hagerty by 188.6% during the 4th quarter. Blue Trust Inc. now owns 30,423 shares of the company’s stock worth $309,000 after buying an additional 19,881 shares during the last quarter. Lincoln Capital LLC lifted its stake in shares of Hagerty by 6.7% during the 4th quarter. Lincoln Capital LLC now owns 494,495 shares of the company’s stock worth $4,772,000 after buying an additional 31,068 shares during the last quarter. Barclays PLC lifted its stake in shares of Hagerty by 23.0% during the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after buying an additional 5,932 shares during the last quarter. Finally, PDT Partners LLC acquired a new stake in shares of Hagerty during the 3rd quarter worth about $185,000. Institutional investors and hedge funds 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.