Hagerty (NYSE:HGTY - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.01, Zacks reports. Hagerty had a net margin of 5.27% and a return on equity of 12.06%. The business had revenue of $299.81 million for the quarter, compared to the consensus estimate of $279.59 million. Hagerty updated its FY 2025 guidance to EPS.
Hagerty Stock Up 0.3 %
HGTY traded up $0.03 during trading on Friday, reaching $9.83. The stock had a trading volume of 23,038 shares, compared to its average volume of 46,251. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 89.35 and a beta of 0.84. The stock's 50 day moving average is $9.84 and its two-hundred day moving average is $10.63. Hagerty has a one year low of $8.30 and a one year high of $12.35.
Analysts Set New Price Targets
Separately, Raymond James cut shares of Hagerty from a "market perform" rating to an "underperform" rating in a research report on Thursday, December 26th.
View Our Latest Stock Analysis on HGTY
Insider Activity
In other news, Director Robert I. Kauffman sold 5,475 shares of Hagerty stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $11.18, for a total transaction of $61,210.50. Following the completion of the transaction, the director now directly owns 4,511,010 shares in the company, valued at approximately $50,433,091.80. This trade represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 122,873 shares of company stock worth $1,213,873. Corporate insiders own 17.90% of the company's stock.
About Hagerty
(
Get Free Report)
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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