Key Points
- Kenneth Ahn, a Hagerty insider, sold a total of 301,350 shares in multiple transactions in early January — most recently 50,000 shares on Jan 20 at $12.55 — generating roughly $3.85 million in proceeds.
- Hagerty shares trade around $12.85 (12‑month range $8.03–$14.00); the company has a market cap of about $4.39 billion and a P/E of ~45.9.
- Analysts hold a "Moderate Buy" consensus with an average price target near $14.13, implying limited upside from current levels.
Hagerty, Inc. (NYSE:HGTY - Get Free Report) insider Kenneth Ahn sold 50,000 shares of Hagerty stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $12.55, for a total transaction of $627,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Kenneth Ahn also recently made the following trade(s):
- On Monday, January 12th, Kenneth Ahn sold 50,000 shares of Hagerty stock. The shares were sold at an average price of $12.86, for a total transaction of $643,000.00.
- On Friday, January 9th, Kenneth Ahn sold 1,350 shares of Hagerty stock. The shares were sold at an average price of $13.25, for a total value of $17,887.50.
- On Monday, January 5th, Kenneth Ahn sold 164,870 shares of Hagerty stock. The stock was sold at an average price of $12.79, for a total value of $2,108,687.30.
- On Wednesday, January 7th, Kenneth Ahn sold 24,247 shares of Hagerty stock. The shares were sold at an average price of $13.08, for a total value of $317,150.76.
- On Tuesday, January 6th, Kenneth Ahn sold 10,883 shares of Hagerty stock. The shares were sold at an average price of $12.85, for a total value of $139,846.55.
Hagerty Stock Performance
Shares of NYSE HGTY opened at $12.85 on Friday. Hagerty, Inc. has a 12 month low of $8.03 and a 12 month high of $14.00. The company has a market cap of $4.39 billion, a P/E ratio of 45.88 and a beta of 0.89. The business's 50 day moving average is $13.08 and its two-hundred day moving average is $11.95. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.17.
Hagerty (NYSE:HGTY - Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. Hagerty had a net margin of 5.85% and a return on equity of 16.85%. The business had revenue of $359.01 million for the quarter, compared to the consensus estimate of $354.36 million. On average, equities analysts expect that Hagerty, Inc. will post 0.22 EPS for the current year.
Hedge Funds Weigh In On Hagerty
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Lincoln Capital LLC boosted its stake in Hagerty by 3.2% in the 4th quarter. Lincoln Capital LLC now owns 812,858 shares of the company's stock valued at $10,925,000 after buying an additional 25,471 shares in the last quarter. Greenhaven Road Investment Management L.P. boosted its stake in shares of Hagerty by 47.1% in the 3rd quarter. Greenhaven Road Investment Management L.P. now owns 2,664,784 shares of the company's stock valued at $32,084,000 after purchasing an additional 853,245 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Hagerty in the 3rd quarter worth about $3,339,000. Polar Capital Holdings Plc grew its holdings in shares of Hagerty by 9.4% in the 3rd quarter. Polar Capital Holdings Plc now owns 5,817,416 shares of the company's stock worth $70,042,000 after purchasing an additional 498,389 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Hagerty during the 3rd quarter worth about $155,000. Institutional investors own 20.51% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on HGTY shares. Citizens Jmp started coverage on shares of Hagerty in a research report on Wednesday, October 1st. They set a "mkt outperform" rating and a $15.00 price objective for the company. Citigroup initiated coverage on Hagerty in a research note on Wednesday, October 1st. They set an "outperform" rating on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Hagerty in a research report on Monday, December 29th. Wells Fargo & Company started coverage on Hagerty in a research report on Friday, October 3rd. They set an "equal weight" rating and a $13.00 price objective on the stock. Finally, Keefe, Bruyette & Woods raised their target price on Hagerty from $14.00 to $15.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 12th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $14.13.
Check Out Our Latest Stock Analysis on HGTY
About Hagerty
(
Get Free Report)
Hagerty is a specialized automotive lifestyle and insurance company that caters primarily to collectible car enthusiasts. Its core business centers on offering classic vehicle insurance policies designed to protect antique, vintage and specialty automobiles, motorcycles and boats. These policies typically feature agreed-value coverage, flexible usage options and access to restoration services, aligning with the unique needs of collectors and hobbyists.
Beyond insurance, Hagerty operates a comprehensive suite of community and content services under its automotive lifestyle brand.
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