Hagerty, Inc. (NYSE:HGTY) Director Sells $31,755.62 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,301 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $9.62, for a total transaction of $31,755.62. Following the transaction, the director now directly owns 4,372,659 shares in the company, valued at approximately $42,064,979.58. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Hagerty Price Performance

Shares of HGTY traded down $0.03 during mid-day trading on Thursday, hitting $9.70. The company’s stock had a trading volume of 50,668 shares, compared to its average volume of 55,633. The firm has a 50-day moving average price of $10.54 and a 200 day moving average price of $10.83. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 88.14 and a beta of 0.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. Hagerty, Inc. has a fifty-two week low of $7.82 and a fifty-two week high of $12.35.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Hagerty in the fourth quarter worth about $51,000. FMR LLC boosted its holdings in shares of Hagerty by 25,769.2% in the third 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. Algert Global LLC acquired a new position in shares of Hagerty in the second quarter worth about $108,000. Blue Trust Inc. boosted its holdings in shares of Hagerty by 178.6% in the third quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock worth $110,000 after buying an additional 6,758 shares during the period. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Hagerty in the second quarter worth about $139,000. 20.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.