Robert I. Kauffman Sells 3,693 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,693 shares of Hagerty stock in a transaction on Monday, January 27th. The stock was sold at an average price of $9.86, for a total transaction of $36,412.98. Following the completion of the transaction, the director now directly owns 4,348,872 shares of the company’s stock, valued at $42,879,877.92. The trade was a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hagerty Stock Down 0.2 %

NYSE HGTY opened at $9.76 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23. Hagerty, Inc. has a 52 week low of $7.87 and a 52 week high of $12.35. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 88.73 and a beta of 0.86. The company has a fifty day moving average of $10.41 and a two-hundred day moving average of $10.79.

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Hagerty by 376.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock valued at $988,000 after purchasing an additional 76,740 shares during the period. Barclays PLC raised its holdings in Hagerty by 23.0% in the third quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after purchasing an additional 5,932 shares in the last quarter. Lincoln Capital LLC lifted its position in Hagerty by 6.7% during the fourth quarter. Lincoln Capital LLC now owns 494,495 shares of the company’s stock valued at $4,772,000 after acquiring an additional 31,068 shares during the last quarter. FMR LLC grew its stake in Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after buying an additional 6,700 shares during the last quarter. Finally, Algert Global LLC purchased a new position in shares of Hagerty in the 2nd quarter valued at approximately $108,000. Hedge funds and other institutional investors 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.