Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 3,291 shares of the company's stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $9.04, for a total value of $29,750.64. Following the completion of the sale, the director now owns 3,415,676 shares of the company's stock, valued at $30,877,711.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Hagerty Stock Up 1.2 %
Shares of NYSE HGTY opened at $9.15 on Wednesday. The company has a market capitalization of $3.07 billion, a P/E ratio of 130.71 and a beta of 0.77. Hagerty, Inc. has a 1 year low of $7.52 and a 1 year high of $10.01. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.48 and a quick ratio of 1.48. The company has a 50 day simple moving average of $8.87 and a 200-day simple moving average of $8.41.
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, hitting analysts' consensus estimates of ($0.01). The business had revenue of $245.04 million during the quarter, compared to analysts' expectations of $245.17 million. Hagerty had a return on equity of 4.53% and a net margin of 1.84%. On average, equities research analysts predict that Hagerty, Inc. will post 0.19 earnings per share for the current year.
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Separately, JPMorgan Chase & Co. began coverage on Hagerty in a research note on Thursday, January 11th. They issued a "neutral" rating and a $9.00 target price for the company.
Read Our Latest Research Report on HGTY
Institutional Investors Weigh In On Hagerty
Institutional investors and hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. purchased a new position in Hagerty during the 4th quarter valued at about $57,000. Commonwealth Equity Services LLC grew its stake in Hagerty by 14.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 12,944 shares of the company's stock worth $106,000 after purchasing an additional 1,650 shares in the last quarter. MeadowBrook Investment Advisors LLC purchased a new stake in Hagerty during the 4th quarter worth about $132,000. Corton Capital Inc. acquired a new stake in Hagerty in the 3rd quarter valued at about $133,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Hagerty in the 3rd quarter valued at about $147,000. 20.51% of the stock is owned by hedge funds and other institutional investors.
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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