Hagerty (NYSE:HGTY) Reaches New 12-Month High at $11.12

Shares of Hagerty, Inc. (NYSE:HGTYGet Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $11.12 and last traded at $11.12, with a volume of 27317 shares. The stock had previously closed at $10.99.

Hagerty Stock Up 1.2 %

The firm has a market capitalization of $3.77 billion, a PE ratio of 186.70 and a beta of 0.80. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $9.77 and a two-hundred day moving average of $8.92.

Hagerty (NYSE:HGTYGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $271.71 million during the quarter, compared to analyst estimates of $264.32 million. Hagerty had a return on equity of 6.35% and a net margin of 1.82%. On average, equities research analysts forecast that Hagerty, Inc. will post 0.21 EPS for the current year.

Insider Transactions at Hagerty

In related news, Director Robert I. Kauffman sold 40,908 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $10.13, for a total value of $414,398.04. Following the completion of the sale, the director now directly owns 3,074,333 shares in the company, valued at approximately $31,142,993.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Robert I. Kauffman sold 3,036 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $9.07, for a total transaction of $27,536.52. Following the sale, the director now directly owns 3,421,036 shares in the company, valued at approximately $31,028,796.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert I. Kauffman sold 40,908 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $10.13, for a total value of $414,398.04. Following the transaction, the director now directly owns 3,074,333 shares in the company, valued at $31,142,993.29. The disclosure for this sale can be found here. Insiders sold 226,884 shares of company stock valued at $2,289,625 over the last 90 days. Corporate insiders own 17.90% of the company’s stock.

Institutional Trading of Hagerty

Large investors have recently bought and sold shares of the company. Confluence Investment Management LLC acquired a new position in shares of Hagerty in the first quarter worth about $3,473,000. Lincoln Capital LLC increased its holdings in Hagerty by 18.0% during the 4th quarter. Lincoln Capital LLC now owns 328,763 shares of the company’s stock worth $2,593,000 after purchasing an additional 50,140 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in 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 purchasing an additional 26,600 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Hagerty by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company’s stock valued at $18,559,000 after purchasing an additional 21,331 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Hagerty during the 3rd quarter valued at approximately $147,000. Institutional investors and hedge funds own 20.51% 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.

Further Reading

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