Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 9,103 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 9,103 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $10.92, for a total value of $99,404.76. Following the completion of the sale, the director now owns 5,024,059 shares of the company’s stock, valued at $54,862,724.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hagerty Trading Up 1.4 %

Shares of HGTY stock opened at $10.92 on Friday. Hagerty, Inc. has a 52-week low of $7.63 and a 52-week high of $12.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $3.72 billion, a PE ratio of 91.00 and a beta of 0.79. The stock has a fifty day simple moving average of $10.94 and a two-hundred day simple moving average of $10.37.

Hagerty (NYSE:HGTY) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Hagerty had a return on equity of 15.68% and a net margin of 5.37%. The business had revenue of $313.23 million during the quarter, compared to analyst estimates of $312.64 million. On average, analysts predict that Hagerty, Inc. will post 0.26 EPS 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. Blue Trust Inc. purchased a new stake in Hagerty in the 2nd quarter worth $39,000. Meixler Investment Management Ltd. grew its position in shares of Hagerty by 21.2% during the first quarter. Meixler Investment Management Ltd. now owns 24,325 shares of the company’s stock valued at $223,000 after purchasing an additional 4,250 shares in the last quarter. 17 Capital Partners LLC increased its holdings in shares of Hagerty by 10.0% in the third quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock worth $559,000 after purchasing an additional 5,000 shares during the last quarter. Algert Global LLC bought a new stake in shares of Hagerty in the second quarter worth about $108,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Hagerty in the second quarter worth about $139,000. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price objective on Hagerty from $9.50 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Truist Financial upped their price objective on Hagerty from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Thursday, August 8th.

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.