Hagerty, Inc. (NYSE:HGTY) Director Sells $68,656.14 in Stock

Hagerty, Inc. (NYSE:HGTYGet Free Report) Director Robert I. Kauffman sold 6,202 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $11.07, for a total transaction of $68,656.14. Following the completion of the transaction, the director now owns 5,528,496 shares in the company, valued at $61,200,450.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hagerty Stock Up 1.2 %

NYSE HGTY opened at $11.20 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market cap of $3.77 billion, a PE ratio of 186.70 and a beta of 0.80. Hagerty, Inc. has a one year low of $7.52 and a one year high of $11.23. The stock’s 50 day simple moving average is $9.77 and its 200 day simple moving average is $8.92.

Hagerty (NYSE:HGTYGet Free Report) last released its earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $271.71 million during the quarter, compared to the consensus estimate of $264.32 million. Hagerty had a return on equity of 6.35% and a net margin of 1.82%. As a group, sell-side analysts forecast that Hagerty, Inc. will post 0.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Confluence Investment Management LLC acquired a new position in shares of Hagerty in the 1st quarter valued at $3,473,000. Hsbc Holdings PLC acquired a new position in Hagerty in the third quarter valued at about $206,000. Quadrature Capital Ltd bought a new position in Hagerty during the third quarter worth about $147,000. MeadowBrook Investment Advisors LLC acquired a new position in shares of Hagerty during the 4th quarter worth about $132,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its position in shares of Hagerty by 34.7% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 103,300 shares of the company’s stock worth $806,000 after buying an additional 26,600 shares during the period. Institutional investors own 20.51% of the company’s stock.

Hagerty Company Profile

(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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Insider Buying and Selling by Quarter for Hagerty (NYSE:HGTY)

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