Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 4,915 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 4,915 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $9.97, for a total value of $49,002.55. Following the sale, the director now directly owns 4,320,314 shares in the company, valued at approximately $43,073,530.58. The trade was a 0.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hagerty Stock Performance

Shares of NYSE HGTY opened at $10.02 on Thursday. 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, Inc. has a one year low of $8.01 and a one year high of $12.35. The business’s 50-day moving average price is $10.23 and its two-hundred day moving average price is $10.74. The company has a market capitalization of $3.42 billion, a P/E ratio of 91.05 and a beta of 0.85.

Hagerty (NYSE:HGTY) last posted its 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). The business had revenue of $323.37 million for the quarter, compared to analyst estimates of $318.07 million. Hagerty had a return on equity of 12.06% and a net margin of 5.27%. During the same period in the previous year, the company earned $0.05 earnings per share. Analysts anticipate that Hagerty, Inc. will post 0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Hagerty

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new stake in Hagerty in the 4th quarter valued at $182,000. Pembroke Management LTD acquired a new position in shares of Hagerty during the fourth quarter valued at about $9,201,000. R Squared Ltd bought a new stake in shares of Hagerty in the fourth quarter valued at about $51,000. Blue Trust Inc. grew its position in Hagerty by 188.6% during the fourth quarter. Blue Trust Inc. now owns 30,423 shares of the company’s stock worth $309,000 after buying an additional 19,881 shares in the last quarter. Finally, Lincoln Capital LLC increased its stake 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 period. 20.51% of the stock is owned by institutional investors and hedge funds.

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.