Hagerty, Inc. (NYSE:HGTY – Get Free Report) Director Robert I. Kauffman sold 5,088 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $10.42, for a total value of $53,016.96. Following the completion of the sale, the director now owns 5,048,360 shares in the company, valued at approximately $52,603,911.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Hagerty Stock Up 1.1 %
Hagerty stock opened at $10.55 on Wednesday. Hagerty, Inc. has a 1-year low of $7.60 and a 1-year high of $12.35. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $3.55 billion, a PE ratio of 175.83 and a beta of 0.79. The stock’s fifty day moving average is $10.97 and its two-hundred day moving average is $10.35.
Hagerty (NYSE:HGTY – Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The company had revenue of $313.23 million for the quarter, compared to analyst estimates of $312.64 million. Hagerty had a return on equity of 15.68% and a net margin of 5.37%. On average, sell-side analysts expect that Hagerty, Inc. will post 0.26 EPS for the current fiscal year.
Hedge Funds Weigh In On Hagerty
Analyst Upgrades and Downgrades
HGTY has been the topic of a number of analyst reports. Truist Financial raised their price target on Hagerty from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. raised their price target on Hagerty from $9.50 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th.
Read Our Latest Research Report on Hagerty
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.
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