Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 3,291 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,291 shares of Hagerty stock in a transaction on Monday, May 6th. The stock was sold at an average price of $9.04, for a total transaction of $29,750.64. Following the transaction, the director now owns 3,415,676 shares in the company, valued at approximately $30,877,711.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hagerty Trading Up 1.2 %

Shares of NYSE:HGTY opened at $9.15 on Wednesday. Hagerty, Inc. has a 12-month low of $7.52 and a 12-month high of $10.01. The company has a market cap of $3.07 billion, a PE ratio of 130.71 and a beta of 0.77. The stock has a 50 day moving average of $8.87 and a 200 day moving average of $8.41. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.32.

Hagerty (NYSE:HGTY) last posted its quarterly earnings results on Tuesday, March 12th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $245.04 million during the quarter, compared to analyst estimates of $245.17 million. Hagerty had a net margin of 1.84% and a return on equity of 4.53%. As a group, equities research analysts expect that Hagerty, Inc. will post 0.19 EPS for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. initiated coverage on Hagerty in a research report on Thursday, January 11th. They set a “neutral” rating and a $9.00 target price on the stock.

Institutional Investors Weigh In On Hagerty

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Meixler Investment Management Ltd. grew its holdings in Hagerty by 21.2% during the 1st quarter. Meixler Investment Management Ltd. now owns 24,325 shares of the company’s stock valued at $223,000 after buying an additional 4,250 shares in the last quarter. Confluence Investment Management LLC purchased a new position in Hagerty during the first quarter valued at $3,473,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in Hagerty by 34.7% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 103,300 shares of the company’s stock valued at $806,000 after acquiring an additional 26,600 shares during the last quarter. MeadowBrook Investment Advisors LLC purchased a new stake in Hagerty in the 4th quarter worth $132,000. Finally, Fenimore Asset Management Inc. boosted its holdings in shares of Hagerty by 0.8% during the 4th quarter. Fenimore Asset Management Inc. now owns 945,286 shares of the company’s stock valued at $7,373,000 after purchasing an additional 7,600 shares during the last quarter. 20.51% of the stock is owned by institutional investors.

About Hagerty

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.