Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 3,040 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,040 shares of Hagerty stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $10.72, for a total value of $32,588.80. Following the sale, the director now directly owns 5,080,626 shares in the company, valued at $54,464,310.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Hagerty Price Performance

NYSE:HGTY opened at $10.74 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.61 billion, a PE ratio of 178.92 and a beta of 0.79. Hagerty, Inc. has a 12 month low of $7.52 and a 12 month high of $12.35. The company’s 50-day moving average price is $11.02 and its two-hundred day moving average price is $10.23.

Hagerty (NYSE:HGTY) last announced its earnings results on Tuesday, August 6th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $313.23 million for the quarter, compared to the consensus estimate of $312.64 million. Hagerty had a return on equity of 15.68% and a net margin of 5.37%. On average, equities analysts anticipate that Hagerty, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HGTY shares. Truist Financial raised their target price on Hagerty from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price objective on Hagerty from $9.50 to $11.00 and gave the company a “neutral” rating in a report on Thursday, July 11th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Algert Global LLC bought a new position in shares of Hagerty in the second quarter worth about $108,000. Blue Trust Inc. acquired a new stake in shares of Hagerty in the second quarter valued at approximately $39,000. Vanguard Group Inc. increased its holdings in shares of Hagerty by 1.1% in the first quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company’s stock valued at $18,559,000 after purchasing an additional 21,331 shares in the last quarter. Lakewood Asset Management LLC bought a new position in Hagerty in the 3rd quarter worth approximately $186,000. Finally, Dimensional Fund Advisors LP acquired a new position in Hagerty during the 2nd quarter worth $139,000. Institutional investors and hedge funds own 20.51% 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.