Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 3,836 Shares

Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 3,836 shares of the stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $9.72, for a total value of $37,285.92. Following the completion of the transaction, the director now owns 4,342,203 shares of the company's stock, valued at $42,206,213.16. This represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Hagerty Trading Up 2.0 %

Shares of Hagerty stock traded up $0.19 during trading on Tuesday, hitting $9.84. The company's stock had a trading volume of 63,957 shares, compared to its average volume of 52,353. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 89.45 and a beta of 0.85. Hagerty, Inc. has a 52 week low of $7.87 and a 52 week high of $12.35. The stock has a 50-day moving average price of $10.26 and a two-hundred day moving average price of $10.75. 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 (NYSE:HGTY - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.03). The company had revenue of $323.37 million during the quarter, compared to the consensus estimate of $318.07 million. Hagerty had a net margin of 5.27% and a return on equity of 12.06%. During the same quarter last year, the firm posted $0.05 EPS. Equities research analysts anticipate that Hagerty, Inc. will post 0.22 EPS 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 note on Thursday, December 26th.

Institutional Trading of Hagerty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HGTY. R Squared Ltd acquired a new stake in Hagerty during the 4th quarter worth about $51,000. FMR LLC grew its stake in 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 during the period. Algert Global LLC bought a new stake in Hagerty in the second quarter worth approximately $108,000. Blue Trust Inc. lifted its stake in Hagerty by 178.6% in the third quarter. Blue Trust Inc. now owns 10,542 shares of the company's stock valued at $110,000 after buying an additional 6,758 shares during the period. Finally, Dimensional Fund Advisors LP acquired a new position in Hagerty in the second quarter valued at approximately $139,000. Institutional investors and hedge funds 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.