Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 4,453 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 4,453 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $9.72, for a total value of $43,283.16. Following the completion of the transaction, the director now owns 4,335,107 shares in the company, valued at approximately $42,137,240.04. This trade represents a 0.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Hagerty Stock Down 0.3 %

NYSE HGTY traded down $0.03 on Friday, hitting $9.71. 48,701 shares of the stock traded hands, compared to its average volume of 52,535. The stock has a 50-day moving average of $10.37 and a 200 day moving average of $10.78. Hagerty, Inc. has a twelve month low of $7.87 and a twelve month high of $12.35. The company has a market capitalization of $3.31 billion, a P/E ratio of 88.27 and a beta of 0.86. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23.

Hagerty (NYSE:HGTY) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). Hagerty had a net margin of 5.27% and a return on equity of 12.06%. The firm had revenue of $323.37 million for the quarter, compared to analyst estimates of $318.07 million. During the same quarter in the previous year, the company earned $0.05 EPS. As a group, analysts expect that Hagerty, Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of Hagerty

Several institutional investors and hedge funds have recently bought and sold shares of the company. R Squared Ltd bought a new position in shares of Hagerty during the fourth quarter valued at approximately $51,000. FMR LLC boosted its stake in Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after purchasing an additional 6,700 shares in the last quarter. Algert Global LLC bought a new position in Hagerty during the 2nd quarter valued at $108,000. Blue Trust Inc. boosted its stake in Hagerty by 178.6% during the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock valued at $110,000 after purchasing an additional 6,758 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in Hagerty during the 2nd quarter valued at $139,000. Institutional investors and hedge funds own 20.51% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Raymond James cut 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.