Hagerty, Inc. (NYSE:HGTY) Director Sells $35,533.41 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,713 shares of Hagerty stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $9.57, for a total transaction of $35,533.41. Following the transaction, the director now directly owns 4,331,394 shares of the company’s stock, valued at $41,451,440.58. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Hagerty Trading Up 1.6 %

Shares of NYSE:HGTY traded up $0.16 on Wednesday, hitting $10.02. 49,759 shares of the company’s stock were exchanged, compared to its average volume of 52,237. Hagerty, Inc. has a 12 month low of $8.01 and a 12 month high of $12.35. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 91.05 and a beta of 0.85. The business’s 50 day simple moving average is $10.26 and its two-hundred day simple moving average is $10.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01.

Hagerty (NYSE:HGTY) last released its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). Hagerty had a return on equity of 12.06% and a net margin of 5.27%. The business had revenue of $323.37 million for the quarter, compared to the consensus estimate of $318.07 million. During the same quarter last year, the business posted $0.05 earnings per share. Analysts anticipate that Hagerty, Inc. will post 0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Hagerty

Several institutional investors and hedge funds have recently made changes to their positions in the company. Meixler Investment Management Ltd. raised its holdings in shares of Hagerty by 9.7% in the third quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock valued at $279,000 after acquiring an additional 2,430 shares in the last quarter. 17 Capital Partners LLC raised 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 valued at $559,000 after acquiring an additional 5,000 shares in the last quarter. R Squared Ltd bought a new stake in shares of Hagerty in the fourth quarter valued at about $51,000. Barclays PLC raised its holdings in shares of Hagerty by 23.0% in the third quarter. Barclays PLC now owns 31,675 shares of the company’s stock valued at $321,000 after acquiring an additional 5,932 shares in the last quarter. Finally, FMR LLC raised its holdings in Hagerty by 25,769.2% in the third quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after purchasing an additional 6,700 shares in the last quarter. 20.51% of the stock is currently owned by institutional investors.

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.