Hagerty, Inc. (NYSE:HGTY – Get Free Report) Director Robert I. Kauffman sold 6,318 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $11.85, for a total value of $74,868.30. Following the sale, the director now owns 5,267,317 shares in the company, valued at approximately $62,417,706.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Hagerty Price Performance
Shares of HGTY opened at $11.96 on Thursday. The business’s 50-day moving average is $10.95 and its two-hundred day moving average is $9.68. The company has a market capitalization of $4.03 billion, a P/E ratio of 199.33 and a beta of 0.80. Hagerty, Inc. has a fifty-two week low of $7.52 and a fifty-two week high of $12.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.47 and a current ratio of 1.47.
Hagerty (NYSE:HGTY – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. Hagerty had a return on equity of 6.35% and a net margin of 1.82%. The business had revenue of $313.23 million for the quarter, compared to analyst estimates of $312.64 million. Research analysts predict that Hagerty, Inc. will post 0.23 earnings per share for the current year.
Wall Street Analyst Weigh In
View Our Latest Research Report on Hagerty
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new position in Hagerty during the second quarter worth $39,000. Algert Global LLC acquired a new position in shares of Hagerty during the 2nd quarter worth approximately $108,000. MeadowBrook Investment Advisors LLC purchased a new stake in Hagerty in the 4th quarter valued at $132,000. Dimensional Fund Advisors LP purchased a new stake in shares of Hagerty in the second quarter valued at about $139,000. Finally, Meixler Investment Management Ltd. increased its holdings in shares of Hagerty by 21.2% during the 1st quarter. Meixler Investment Management Ltd. now owns 24,325 shares of the company’s stock worth $223,000 after buying an additional 4,250 shares during the last quarter. Hedge funds and other institutional investors own 20.51% of the company’s stock.
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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