Hagerty, Inc. (NYSE:HGTY - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 55,555 shares were traded during trading, an increase of 29% from the previous session's volume of 43,146 shares.The stock last traded at $9.76 and had previously closed at $9.66.
Analyst Upgrades and Downgrades
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 Research Report on HGTY
Hagerty Price Performance
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 stock's fifty day moving average price is $10.49 and its two-hundred day moving average price is $10.82. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 89.02 and a beta of 0.86.
Hagerty (NYSE:HGTY - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) 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 analyst estimates of $318.07 million. During the same period in the prior year, the company posted $0.05 earnings per share. Equities research analysts expect that Hagerty, Inc. will post 0.22 EPS for the current year.
Insiders Place Their Bets
In related news, Director Robert I. Kauffman sold 67,590 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $11.17, for a total transaction of $754,980.30. Following the transaction, the director now owns 4,832,126 shares in the company, valued at $53,974,847.42. This trade represents a 1.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 280,907 shares of company stock valued at $3,042,875. 17.90% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Hagerty
Several large investors have recently modified their holdings of HGTY. Lincoln Capital LLC grew its holdings in shares of Hagerty by 6.7% during the fourth quarter. Lincoln Capital LLC now owns 494,495 shares of the company's stock worth $4,772,000 after buying an additional 31,068 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Hagerty by 376.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company's stock worth $988,000 after acquiring an additional 76,740 shares during the period. 17 Capital Partners LLC grew its stake in shares of Hagerty by 10.0% in the 3rd quarter. 17 Capital Partners LLC now owns 55,000 shares of the company's stock valued at $559,000 after purchasing an additional 5,000 shares during the last quarter. Barclays PLC increased its holdings in shares of Hagerty by 23.0% in the third quarter. Barclays PLC now owns 31,675 shares of the company's stock valued at $321,000 after purchasing an additional 5,932 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Hagerty by 188.6% during the fourth quarter. Blue Trust Inc. now owns 30,423 shares of the company's stock worth $309,000 after purchasing an additional 19,881 shares during the last quarter. 20.51% of the stock is owned by institutional investors and hedge funds.
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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