Hagerty, Inc. (NYSE:HGTY) Director Sells $36,412.98 in Stock

Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 3,693 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $9.86, for a total value of $36,412.98. Following the completion of the transaction, the director now directly owns 4,348,872 shares in the company, valued at approximately $42,879,877.92. This trade represents a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hagerty Trading Down 0.3 %

Shares of NYSE HGTY traded down $0.03 during midday trading on Friday, reaching $9.71. 48,701 shares of the stock were exchanged, compared to its average volume of 48,917. Hagerty, Inc. has a 12 month low of $7.87 and a 12 month high of $12.35. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 88.27 and a beta of 0.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50-day simple moving average of $10.34 and a two-hundred day simple moving average of $10.77.

Hagerty (NYSE:HGTY - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). Hagerty had a return on equity of 12.06% and a net margin of 5.27%. The business had revenue of $323.37 million for the quarter, compared to the consensus estimate of $318.07 million. During the same quarter in the prior year, the firm posted $0.05 earnings per share. As a group, equities research analysts expect that Hagerty, Inc. will post 0.22 EPS for the current year.

Analysts Set New Price Targets

Separately, Raymond James cut Hagerty from a "market perform" rating to an "underperform" rating in a research note on Thursday, December 26th.

Hedge Funds Weigh In On Hagerty

Several institutional investors and hedge funds have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Hagerty by 376.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company's stock valued at $988,000 after purchasing an additional 76,740 shares during the period. Barclays PLC raised its position in Hagerty by 23.0% in the 3rd quarter. Barclays PLC now owns 31,675 shares of the company's stock valued at $321,000 after buying an additional 5,932 shares during the last quarter. Lincoln Capital LLC lifted its stake in Hagerty by 6.7% in the 4th quarter. Lincoln Capital LLC now owns 494,495 shares of the company's stock valued at $4,772,000 after acquiring an additional 31,068 shares in the last quarter. FMR LLC boosted its position in Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company's stock worth $68,000 after acquiring an additional 6,700 shares during the last quarter. Finally, Algert Global LLC acquired a new position in Hagerty during the 2nd quarter worth approximately $108,000. 20.51% of the stock is currently owned by institutional investors and hedge funds.

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.