Hagerty, Inc. (NYSE:HGTY – Get Free Report) Director Robert I. Kauffman sold 1,732 shares of Hagerty stock in a transaction on Monday, October 14th. The shares were sold at an average price of $10.78, for a total transaction of $18,670.96. Following the sale, the director now directly owns 5,086,207 shares of the company’s stock, valued at $54,829,311.46. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Hagerty Stock Performance
Shares of HGTY opened at $10.66 on Friday. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 177.67 and a beta of 0.79. Hagerty, Inc. has a 12 month low of $7.52 and a 12 month high of $12.35. The company’s fifty day moving average is $11.02 and its 200-day moving average is $10.24. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.22.
Hagerty (NYSE:HGTY – Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.12 EPS 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 business had revenue of $313.23 million for the quarter, compared to analyst estimates of $312.64 million. Equities analysts expect that Hagerty, Inc. will post 0.26 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Get Our Latest Stock Analysis on HGTY
Institutional Trading of Hagerty
Several large investors have recently modified their holdings of HGTY. Blue Trust Inc. raised its holdings in Hagerty by 178.6% in the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock worth $110,000 after acquiring an additional 6,758 shares during the period. Lakewood Asset Management LLC acquired a new stake in shares of Hagerty in the third quarter valued at about $186,000. Algert Global LLC acquired a new position in shares of Hagerty during the 2nd quarter worth about $108,000. Dimensional Fund Advisors LP bought a new stake in Hagerty during the 2nd quarter valued at approximately $139,000. Finally, Vanguard Group Inc. boosted its stake in Hagerty by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company’s stock valued at $18,559,000 after purchasing an additional 21,331 shares during the period. 20.51% of the stock is owned by institutional investors.
About Hagerty
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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