Hagerty, Inc. (NYSE:HGTY) Director Sells $99,404.76 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 9,103 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $10.92, for a total transaction of $99,404.76. Following the completion of the transaction, the director now directly owns 5,024,059 shares in the company, valued at approximately $54,862,724.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Hagerty Stock Performance

NYSE HGTY opened at $10.92 on Friday. Hagerty, Inc. has a fifty-two week low of $7.63 and a fifty-two week high of $12.35. The stock has a market cap of $3.72 billion, a PE ratio of 91.00 and a beta of 0.79. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04. The firm’s fifty day moving average price is $10.94 and its two-hundred day moving average price is $10.37.

Hagerty (NYSE:HGTY) last issued its earnings results on Tuesday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $313.23 million during the quarter, compared to analysts’ expectations of $312.64 million. Hagerty had a return on equity of 15.68% and a net margin of 5.37%. On average, equities analysts expect that Hagerty, Inc. will post 0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. bought a new stake in Hagerty during the 2nd quarter worth approximately $39,000. Algert Global LLC bought a new stake in shares of Hagerty in the second quarter worth $108,000. Dimensional Fund Advisors LP acquired a new stake in Hagerty in the second quarter valued at $139,000. Lakewood Asset Management LLC bought a new position in Hagerty during the 3rd quarter worth $186,000. Finally, Meixler Investment Management Ltd. lifted its holdings in Hagerty by 21.2% during the 1st quarter. Meixler Investment Management Ltd. now owns 24,325 shares of the company’s stock worth $223,000 after buying an additional 4,250 shares during the period. Institutional investors own 20.51% of the company’s stock.

Wall Street Analysts Forecast Growth

HGTY has been the topic of several recent analyst reports. Truist Financial lifted 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. lifted their target price on Hagerty from $9.50 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th.

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.