Robert I. Kauffman Sells 4,453 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 4,453 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $9.72, for a total value of $43,283.16. Following the completion of the transaction, the director now directly owns 4,335,107 shares of the company’s stock, valued at approximately $42,137,240.04. This trade represents a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hagerty Trading Down 0.3 %

Shares of NYSE:HGTY traded down $0.03 during midday trading on Friday, reaching $9.71. The company’s stock had a trading volume of 48,701 shares, compared to its average volume of 52,535. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 88.27 and a beta of 0.86. 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 1 year low of $7.87 and a 1 year high of $12.35. The business has a 50 day moving average price of $10.37 and a 200 day moving average price of $10.78.

Hagerty (NYSE:HGTY) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $318.07 million. During the same period last year, the firm posted $0.05 EPS. Research analysts forecast that Hagerty, Inc. will post 0.22 EPS for the current year.

Wall Street Analysts Forecast Growth

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

A number of institutional investors have recently added to or reduced their stakes in HGTY. R Squared Ltd purchased a new stake in Hagerty during the fourth quarter valued at about $51,000. FMR LLC lifted its stake in shares of Hagerty by 25,769.2% during the third quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after purchasing an additional 6,700 shares in the last quarter. Algert Global LLC acquired a new position in shares of Hagerty during the second quarter worth about $108,000. Blue Trust Inc. lifted its stake in shares of Hagerty by 178.6% during the third quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock worth $110,000 after purchasing an additional 6,758 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Hagerty during the second quarter worth about $139,000. Hedge funds and other institutional investors own 20.51% of the company’s stock.

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.