Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 3,836 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,836 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $9.72, for a total transaction of $37,285.92. Following the completion of the transaction, the director now owns 4,342,203 shares of the company’s stock, valued at approximately $42,206,213.16. This trade represents a 0.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Hagerty Stock Performance

HGTY stock opened at $9.71 on Monday. 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 quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $10.34 and a 200 day simple moving average of $10.76. Hagerty, Inc. has a fifty-two week low of $7.87 and a fifty-two week high of $12.35.

Hagerty (NYSE:HGTY) last posted 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 company had revenue of $323.37 million during the quarter, compared to the consensus estimate of $318.07 million. During the same quarter last year, the business earned $0.05 earnings per share. Sell-side analysts predict that Hagerty, Inc. will post 0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hagerty

Several hedge funds have recently modified their holdings of the company. Pembroke Management LTD acquired a new stake in shares of Hagerty in the fourth quarter valued at $9,201,000. R Squared Ltd acquired a new position in Hagerty during the fourth quarter worth about $51,000. Blue Trust Inc. raised its position in Hagerty by 188.6% in the fourth quarter. Blue Trust Inc. now owns 30,423 shares of the company’s stock worth $309,000 after acquiring an additional 19,881 shares in the last quarter. Lincoln Capital LLC lifted its holdings in Hagerty by 6.7% in the 4th quarter. Lincoln Capital LLC now owns 494,495 shares of the company’s stock valued at $4,772,000 after acquiring an additional 31,068 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Hagerty by 23.0% during the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock valued at $321,000 after purchasing an additional 5,932 shares in the last quarter. 20.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.