Robert I. Kauffman Sells 4,915 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 4,915 shares of Hagerty stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $9.97, for a total value of $49,002.55. Following the completion of the sale, the director now owns 4,320,314 shares in the company, valued at $43,073,530.58. This represents a 0.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Hagerty Stock Performance

NYSE:HGTY opened at $10.22 on Friday. The stock has a market capitalization of $3.49 billion, a P/E ratio of 92.91 and a beta of 0.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. Hagerty, Inc. has a fifty-two week low of $8.09 and a fifty-two week high of $12.35. The company has a 50 day moving average price of $10.17 and a 200 day moving average price of $10.73.

Hagerty (NYSE:HGTY) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The firm had revenue of $323.37 million during the quarter, compared to analyst estimates of $318.07 million. Hagerty had a net margin of 5.27% and a return on equity of 12.06%. During the same period in the previous year, the firm posted $0.05 earnings per share. Equities research analysts forecast that Hagerty, Inc. will post 0.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Raymond James lowered shares of Hagerty from a “market perform” rating to an “underperform” rating in a report on Thursday, December 26th.

Hedge Funds Weigh In On Hagerty

Hedge funds and other institutional investors have recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of Hagerty during the fourth quarter worth about $51,000. FMR LLC increased its stake in Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after buying an additional 6,700 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Hagerty by 35.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company’s stock worth $100,000 after buying an additional 2,726 shares in the last quarter. Algert Global LLC acquired a new stake in Hagerty during the 2nd quarter worth approximately $108,000. Finally, Blue Trust Inc. boosted its position in Hagerty by 178.6% in the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock valued at $110,000 after buying an additional 6,758 shares during the period. 20.51% of the stock is currently owned by hedge funds and other institutional investors.

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.