Hagerty, Inc. (NYSE:HGTY – Get Free Report) Director Robert I. Kauffman sold 3,683 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $10.78, for a total transaction of $39,702.74. Following the sale, the director now directly owns 5,087,939 shares in the company, valued at $54,847,982.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Hagerty Stock Up 0.5 %
HGTY stock opened at $10.79 on Friday. Hagerty, Inc. has a 52 week low of $7.52 and a 52 week high of $12.35. The business has a 50-day simple moving average of $11.02 and a 200 day simple moving average of $10.20. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.68 billion, a PE ratio of 89.92 and a beta of 0.79.
Hagerty (NYSE:HGTY – Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Hagerty had a return on equity of 15.68% and a net margin of 5.37%. The firm had revenue of $313.23 million for the quarter, compared to the consensus estimate of $312.64 million. Sell-side analysts anticipate that Hagerty, Inc. will post 0.26 EPS for the current fiscal year.
Institutional Trading of Hagerty
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on HGTY. Truist Financial increased their price target on Hagerty from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. raised their target price on shares of Hagerty from $9.50 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th.
Get Our Latest Research Report on Hagerty
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.
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