Hagerty, Inc. (NYSE:HGTY – Get Free Report) Director Robert I. Kauffman sold 1,441 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $10.47, for a total value of $15,087.27. Following the sale, the director now owns 5,062,312 shares of the company’s stock, valued at $53,002,406.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Hagerty Stock Performance
NYSE HGTY opened at $10.31 on Friday. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 171.83 and a beta of 0.79. Hagerty, Inc. has a twelve month low of $7.52 and a twelve month high of $12.35. The stock has a fifty day simple moving average of $11.00 and a 200 day simple moving average of $10.30. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22.
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 analysts’ consensus estimates of $0.09 by $0.03. Hagerty had a return on equity of 15.68% and a net margin of 5.37%. The company had revenue of $313.23 million during the quarter, compared to the consensus estimate of $312.64 million. Sell-side analysts expect that Hagerty, Inc. will post 0.26 EPS for the current year.
Analyst Upgrades and Downgrades
Read Our Latest Report on Hagerty
Institutional Investors Weigh In On Hagerty
A number of institutional investors have recently modified their holdings of HGTY. Blue Trust Inc. acquired a new position in Hagerty in the second quarter valued at $39,000. Algert Global LLC bought a new position in shares of Hagerty in the 2nd quarter worth about $108,000. Dimensional Fund Advisors LP acquired a new position in shares of Hagerty in the 2nd quarter valued at about $139,000. Lakewood Asset Management LLC bought a new stake in shares of Hagerty during the 3rd quarter valued at about $186,000. Finally, Meixler Investment Management Ltd. grew its stake in Hagerty by 21.2% during the first quarter. Meixler Investment Management Ltd. now owns 24,325 shares of the company’s stock worth $223,000 after purchasing an additional 4,250 shares during the period. 20.51% of the stock is owned by institutional investors.
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.
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