Hagerty, Inc. (NYSE:HGTY – Get Free Report) Director Robert I. Kauffman sold 3,083 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $10.47, for a total transaction of $32,279.01. Following the transaction, the director now directly owns 5,071,388 shares of the company’s stock, valued at approximately $53,097,432.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Hagerty Stock Down 1.2 %
Shares of Hagerty stock traded down $0.13 on Monday, hitting $10.47. 38,873 shares of the company’s stock traded hands, compared to its average volume of 79,386. The stock has a market cap of $3.53 billion, a P/E ratio of 174.50 and a beta of 0.79. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average is $11.02 and its 200 day moving average is $10.26. Hagerty, Inc. has a 52-week low of $7.52 and a 52-week high of $12.35.
Hagerty (NYSE:HGTY – Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. Hagerty had a return on equity of 15.68% and a net margin of 5.37%. The company had revenue of $313.23 million during the quarter, compared to analysts’ expectations of $312.64 million. Equities analysts anticipate that Hagerty, Inc. will post 0.26 earnings per share for the current year.
Hedge Funds Weigh In On Hagerty
Analyst Upgrades and Downgrades
HGTY has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Hagerty from $9.50 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Truist Financial upped their price target on Hagerty from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Thursday, August 8th.
Check Out Our Latest Report on HGTY
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.
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