Hagerty (HGTY) to Release Quarterly Earnings on Thursday

Hagerty (NYSE:HGTY) will issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Hagerty (NYSE:HGTY) last announced its earnings results on Tuesday, August 6th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Hagerty had a net margin of 5.37% and a return on equity of 15.68%. The company had revenue of $313.23 million during the quarter, compared to the consensus estimate of $312.64 million. On average, analysts expect Hagerty to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Hagerty Price Performance

Shares of HGTY stock opened at $11.41 on Wednesday. Hagerty has a 1 year low of $7.63 and a 1 year high of $12.35. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. The firm’s 50 day moving average is $10.92 and its 200-day moving average is $10.40. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 95.00 and a beta of 0.78.

Insiders Place Their Bets

In other news, Director Robert I. Kauffman sold 2,481 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $10.75, for a total value of $26,670.75. Following the completion of the sale, the director now directly owns 5,154,354 shares of the company’s stock, valued at $55,409,305.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Robert I. Kauffman sold 2,481 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $10.75, for a total value of $26,670.75. Following the completion of the sale, the director now directly owns 5,154,354 shares of the company’s stock, valued at $55,409,305.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert I. Kauffman sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $11.28, for a total value of $78,960.00. Following the completion of the sale, the director now directly owns 5,281,195 shares of the company’s stock, valued at approximately $59,571,879.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 129,636 shares of company stock valued at $1,425,943. 17.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HGTY has been the topic of several research reports. Truist Financial upped their price objective on Hagerty from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. boosted their price objective on Hagerty from $9.50 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th.

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.