Hagerty (HGTY) Set to Announce Earnings on Tuesday

Hagerty (NYSE:HGTY) is scheduled to announce its earnings results before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Hagerty (NYSE:HGTY) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $271.71 million for the quarter, compared to the consensus estimate of $264.32 million. Hagerty had a net margin of 1.82% and a return on equity of 6.35%. On average, analysts expect Hagerty to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Hagerty Trading Down 0.4 %

NYSE:HGTY traded down $0.04 during trading hours on Tuesday, reaching $10.95. 9,212 shares of the company were exchanged, compared to its average volume of 84,012. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 182.70 and a beta of 0.80. Hagerty has a 52-week low of $7.52 and a 52-week high of $11.47. The stock has a 50 day simple moving average of $10.32 and a 200 day simple moving average of $9.22.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their price target on shares of Hagerty from $9.50 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th.

Insider Activity

In other news, Director Robert I. Kauffman sold 3,291 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $9.04, for a total value of $29,750.64. Following the transaction, the director now owns 3,415,676 shares of the company’s stock, valued at approximately $30,877,711.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Robert I. Kauffman sold 3,291 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $9.04, for a total transaction of $29,750.64. Following the completion of the sale, the director now directly owns 3,415,676 shares of the company’s stock, valued at approximately $30,877,711.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert I. Kauffman sold 7,632 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $11.03, for a total transaction of $84,180.96. Following the sale, the director now directly owns 5,407,362 shares of the company’s stock, valued at $59,643,202.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 302,814 shares of company stock valued at $3,144,480. Company insiders own 17.90% of the company’s stock.

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.