Robert I. Kauffman Sells 3,913 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTYGet Free Report) Director Robert I. Kauffman sold 3,913 shares of Hagerty stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $10.46, for a total value of $40,929.98. Following the transaction, the director now directly owns 5,140,538 shares of the company’s stock, valued at approximately $53,770,027.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Hagerty Stock Up 2.1 %

Shares of NYSE HGTY opened at $10.38 on Wednesday. Hagerty, Inc. has a 12 month low of $7.52 and a 12 month high of $12.35. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 173.00 and a beta of 0.81. The business has a 50-day moving average of $11.08 and a 200-day moving average of $10.11.

Hagerty (NYSE:HGTYGet Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.12 EPS 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 company had revenue of $313.23 million during the quarter, compared to analyst estimates of $312.64 million. Sell-side analysts expect that Hagerty, Inc. will post 0.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HGTY has been the subject of a number of recent analyst reports. Truist Financial lifted their target price on Hagerty from $10.00 to $11.00 and gave the company a “hold” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. lifted their target price on Hagerty from $9.50 to $11.00 and gave the company a “neutral” rating in a report on Thursday, July 11th.

Get Our Latest Research Report on HGTY

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of HGTY. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in shares of Hagerty by 34.7% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 103,300 shares of the company’s stock worth $806,000 after purchasing an additional 26,600 shares in the last quarter. Confluence Investment Management LLC purchased a new position in shares of Hagerty during the first quarter worth about $3,473,000. Meixler Investment Management Ltd. grew its holdings in shares of Hagerty by 21.2% during the first quarter. Meixler Investment Management Ltd. now owns 24,325 shares of the company’s stock worth $223,000 after purchasing an additional 4,250 shares in the last quarter. Vanguard Group Inc. boosted its stake in Hagerty by 1.1% in the first quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company’s stock worth $18,559,000 after buying an additional 21,331 shares in the last quarter. Finally, Blue Trust Inc. purchased a new stake in Hagerty in the second quarter worth approximately $39,000. Hedge funds and other 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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