Hagerty, Inc. (NYSE:HGTY - Get Free Report) Director Robert I. Kauffman sold 1,732 shares of the company's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $10.78, for a total value of $18,670.96. Following the completion of the sale, the director now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Hagerty Trading Down 0.0 %
Hagerty stock opened at $10.74 on Thursday. Hagerty, Inc. has a 52 week low of $7.52 and a 52 week high of $12.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 178.92 and a beta of 0.79. The company has a 50 day moving average price of $11.02 and a 200 day moving average price of $10.23.
Hagerty (NYSE:HGTY - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The business 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%. Research analysts forecast that Hagerty, Inc. will post 0.26 EPS for the current year.
Hedge Funds Weigh In On Hagerty
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Several institutional investors and hedge funds have recently bought and sold shares of HGTY. Blue Trust Inc. purchased a new stake in shares of Hagerty in the second quarter worth approximately $39,000. Algert Global LLC acquired a new position in Hagerty in the 2nd quarter valued at approximately $108,000. Dimensional Fund Advisors LP purchased a new stake in Hagerty in the 2nd quarter worth approximately $139,000. Lakewood Asset Management LLC purchased a new stake in Hagerty in the 3rd quarter worth approximately $186,000. Finally, Meixler Investment Management Ltd. boosted its stake 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 valued at $223,000 after buying an additional 4,250 shares during the period. Hedge funds and other institutional investors own 20.51% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on HGTY. 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. JPMorgan Chase & Co. lifted their price target on shares of Hagerty from $9.50 to $11.00 and gave the stock a "neutral" rating in a research report on Thursday, July 11th.
Check Out Our Latest Research Report 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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