Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 2,186 shares of the firm's stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $10.60, for a total transaction of $23,171.60. Following the transaction, the director now directly owns 5,148,917 shares in the company, valued at $54,578,520.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Hagerty Price Performance
Shares of HGTY opened at $10.58 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.60 billion, a PE ratio of 176.28 and a beta of 0.81. The firm has a fifty day simple moving average of $11.14 and a two-hundred day simple moving average of $10.06. Hagerty, Inc. has a 1-year low of $7.52 and a 1-year high of $12.35.
Hagerty (NYSE:HGTY - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $313.23 million during the quarter, compared to analysts' expectations of $312.64 million. Hagerty had a return on equity of 15.68% and a net margin of 5.37%. On average, equities analysts anticipate that Hagerty, Inc. will post 0.26 EPS for the current year.
Institutional Inflows and Outflows
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Several large investors have recently made changes to their positions in HGTY. Vanguard Group Inc. raised its position in Hagerty by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company's stock valued at $18,559,000 after acquiring an additional 21,331 shares in the last quarter. Confluence Investment Management LLC acquired a new stake in Hagerty in the 1st quarter worth about $3,473,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Hagerty by 34.7% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 103,300 shares of the company's stock worth $806,000 after purchasing an additional 26,600 shares in the last quarter. Meixler Investment Management Ltd. raised its position in shares of Hagerty by 21.2% in the first quarter. Meixler Investment Management Ltd. now owns 24,325 shares of the company's stock valued at $223,000 after buying an additional 4,250 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in Hagerty in the 2nd quarter worth approximately $139,000. 20.51% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
HGTY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Hagerty from $9.50 to $11.00 and gave the company a "neutral" rating in a research note on Thursday, July 11th. Truist Financial upped their price target on shares of Hagerty from $10.00 to $11.00 and gave the company a "hold" rating in a report on Thursday, August 8th.
View Our Latest Stock Analysis on Hagerty
About Hagerty
(
Get Free Report)
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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