Robert I. Kauffman Sells 3,301 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,301 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $9.62, for a total transaction of $31,755.62. Following the transaction, the director now directly owns 4,372,659 shares of the company’s stock, valued at $42,064,979.58. This represents a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Hagerty Stock Performance

Hagerty stock opened at $9.79 on Friday. 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, Inc. has a 1-year low of $7.82 and a 1-year high of $12.35. The firm has a market capitalization of $3.34 billion, a PE ratio of 89.02 and a beta of 0.86. The firm’s 50 day simple moving average is $10.49 and its 200 day simple moving average is $10.82.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Hagerty

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. R Squared Ltd bought a new stake in Hagerty during the fourth quarter worth about $51,000. FMR LLC raised its holdings in shares of 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 buying an additional 6,700 shares in the last quarter. Algert Global LLC bought a new stake in Hagerty in the 2nd quarter worth approximately $108,000. Blue Trust Inc. boosted its stake in shares of Hagerty by 178.6% in 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 shares of Hagerty during the 2nd quarter valued at $139,000. Hedge funds and other institutional investors own 20.51% of the company’s stock.

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.