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

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

Hagerty Stock Down 0.6 %

NYSE:HGTY traded down $0.06 during trading hours on Tuesday, hitting $9.80. 28,873 shares of the company’s stock traded hands, compared to its average volume of 55,134. Hagerty, Inc. has a twelve month low of $7.87 and a twelve month high of $12.35. The firm has a market cap of $3.34 billion, a P/E ratio of 89.10 and a beta of 0.86. 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’s fifty day moving average price is $10.46 and its two-hundred day moving average price is $10.80.

Hagerty (NYSE:HGTY) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (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 analysts’ expectations of $318.07 million. Hagerty had a return on equity of 12.06% and a net margin of 5.27%. During the same period last year, the company earned $0.05 earnings per share. On average, research analysts expect that Hagerty, Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hagerty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new stake in shares of Hagerty during the 4th quarter worth about $51,000. FMR LLC increased its holdings in Hagerty by 25,769.2% in the third quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after buying an additional 6,700 shares during the last quarter. Algert Global LLC bought a new position in Hagerty during the second quarter valued at approximately $108,000. Blue Trust Inc. lifted its stake in Hagerty by 178.6% in the third 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, Dimensional Fund Advisors LP bought a new stake in Hagerty in the second quarter worth approximately $139,000. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Analyst Upgrades and Downgrades

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.