Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 3,036 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $9.07, for a total value of $27,536.52. Following the completion of the sale, the director now 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 Securities & Exchange Commission, which is accessible through this link.
Hagerty Trading Down 1.2 %
Shares of HGTY stock opened at $8.81 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.48 and a current ratio of 1.48. Hagerty, Inc. has a 52-week low of $7.52 and a 52-week high of $10.36. The company has a market capitalization of $2.96 billion, a PE ratio of 125.86 and a beta of 0.77. The business's fifty day moving average is $8.79 and its 200 day moving average is $8.36.
Hagerty (NYSE:HGTY - Get Free Report) last released its quarterly earnings results on Tuesday, March 12th. The company reported ($0.01) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.01). Hagerty had a return on equity of 4.53% and a net margin of 1.84%. The business had revenue of $245.04 million for the quarter, compared to the consensus estimate of $245.17 million. On average, equities research analysts anticipate that Hagerty, Inc. will post 0.19 EPS for the current fiscal year.
Institutional Investors Weigh In On Hagerty
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A number of large investors have recently added to or reduced their stakes in HGTY. Barclays PLC raised its position in Hagerty by 227.0% during the second quarter. Barclays PLC now owns 6,474 shares of the company's stock valued at $61,000 after purchasing an additional 4,494 shares in the last quarter. Fenimore Asset Management Inc. raised its position in Hagerty by 1.1% during the third quarter. Fenimore Asset Management Inc. now owns 937,686 shares of the company's stock valued at $7,661,000 after purchasing an additional 10,050 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Hagerty by 14.6% during the third quarter. Commonwealth Equity Services LLC now owns 12,944 shares of the company's stock valued at $106,000 after buying an additional 1,650 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Hagerty by 15.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 36,570 shares of the company's stock valued at $299,000 after buying an additional 5,000 shares during the last quarter. Finally, Meixler Investment Management Ltd. bought a new position in shares of Hagerty during the third quarter valued at about $161,000. Hedge funds and other institutional investors own 20.51% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. assumed coverage on Hagerty in a research report on Thursday, January 11th. They issued a "neutral" rating and a $9.00 price objective on the stock.
View Our Latest Report on HGTY
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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