Hagerty (NYSE:HGTY) Announces Earnings Results, Beats Estimates By $0.01 EPS

Posted by Dante Gardener on Mar 4th, 2025

Hagerty (NYSE:HGTY – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01, Zacks reports. Hagerty had a net margin of 5.27% and a return on equity of 12.06%. Hagerty updated its FY 2025 guidance to EPS.

Hagerty Trading Down 0.8 %

Shares of HGTY stock opened at $10.04 on Tuesday. The business’s fifty day moving average price is $9.86 and its 200 day moving average price is $10.65. The firm has a market capitalization of $3.42 billion, a PE ratio of 91.25 and a beta of 0.85. 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 has a 1-year low of $8.30 and a 1-year high of $12.35.

Insider Buying and Selling at Hagerty

In other Hagerty news, Director Robert I. Kauffman sold 3,242 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $10.03, for a total transaction of $32,517.26. Following the transaction, the director now directly owns 4,285,877 shares in the company, valued at approximately $42,987,346.31. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 132,195 shares of company stock valued at $1,320,889. 17.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on HGTY

About Hagerty

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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.