Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 5,044 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 5,044 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $9.70, for a total value of $48,926.80. Following the completion of the sale, the director now directly owns 4,361,998 shares in the company, valued at $42,311,380.60. This represents a 0.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Hagerty Price Performance

Shares of NYSE:HGTY opened at $9.79 on Friday. The stock has a fifty day moving average of $10.49 and a 200-day moving average of $10.82. The company has a market capitalization of $3.34 billion, a PE ratio of 89.02 and a beta of 0.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. Hagerty, Inc. has a one year low of $7.82 and a one year high of $12.35.

Hagerty (NYSE:HGTY) last posted 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). Hagerty had a return on equity of 12.06% and a net margin of 5.27%. The company had revenue of $323.37 million for the quarter, compared to analyst estimates of $318.07 million. During the same quarter in the previous year, the firm posted $0.05 EPS. As a group, equities analysts anticipate that Hagerty, Inc. will post 0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Hagerty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lincoln Capital LLC raised its stake in Hagerty by 6.7% during the 4th quarter. Lincoln Capital LLC now owns 494,495 shares of the company’s stock valued at $4,772,000 after purchasing an additional 31,068 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Hagerty by 376.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock valued at $988,000 after buying an additional 76,740 shares in the last quarter. 17 Capital Partners LLC raised its position in Hagerty by 10.0% during the third quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock valued at $559,000 after buying an additional 5,000 shares during the period. Barclays PLC lifted its stake in Hagerty by 23.0% in the 3rd quarter. Barclays PLC now owns 31,675 shares of the company’s stock worth $321,000 after acquiring an additional 5,932 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Hagerty by 188.6% during the 4th quarter. Blue Trust Inc. now owns 30,423 shares of the company’s stock worth $309,000 after acquiring an additional 19,881 shares during the period. Institutional investors and hedge funds own 20.51% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Raymond James cut shares of Hagerty from a “market perform” rating to an “underperform” rating in a research report 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.