Hagerty (HGTY) Set to Announce Quarterly Earnings on Thursday

Hagerty (NYSE:HGTY - Get Free Report) will be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Hagerty to post earnings of $0.08 per share for the quarter. Hagerty has set its FY 2024 guidance at EPS.Individual that wish to listen to the company's earnings conference call can do so using this link.

Hagerty (NYSE:HGTY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. Hagerty had a return on equity of 15.68% and a net margin of 5.37%. The firm had revenue of $313.23 million during the quarter, compared to analyst estimates of $312.64 million. On average, analysts expect Hagerty to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Hagerty Stock Performance

NYSE HGTY remained flat at $10.77 on Thursday. 40,746 shares of the company traded hands, compared to its average volume of 78,249. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $3.67 billion, a P/E ratio of 90.00 and a beta of 0.79. The stock's 50 day moving average is $10.96 and its two-hundred day moving average is $10.35. Hagerty has a fifty-two week low of $7.63 and a fifty-two week high of $12.35.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HGTY. Truist Financial upped their price objective on shares of Hagerty from $10.00 to $11.00 and gave the company a "hold" rating in a report on Thursday, August 8th. JPMorgan Chase & Co. upped their price target on shares of Hagerty from $9.50 to $11.00 and gave the company a "neutral" rating in a research note on Thursday, July 11th.

Insider Transactions at Hagerty

In other news, Director Robert I. Kauffman sold 14,507 shares of the business's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $11.84, for a total value of $171,762.88. Following the transaction, the director now directly owns 5,234,306 shares in the company, valued at $61,974,183.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Hagerty news, Director Robert I. Kauffman sold 3,515 shares of Hagerty stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $10.80, for a total value of $37,962.00. Following the sale, the director now owns 5,391,493 shares of the company's stock, valued at $58,228,124.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert I. Kauffman sold 14,507 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $11.84, for a total value of $171,762.88. Following the transaction, the director now owns 5,234,306 shares of the company's stock, valued at $61,974,183.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,864 shares of company stock worth $1,487,285 in the last three months. Corporate insiders own 17.90% 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.