Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells $13,135.12 in Stock

Hagerty, Inc. (NYSE:HGTYGet Free Report) Director Robert I. Kauffman sold 1,453 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $9.04, for a total transaction of $13,135.12. Following the sale, the director now directly owns 4,082,365 shares in the company, valued at $36,904,579.60. This trade represents a 0.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hagerty Price Performance

Shares of Hagerty stock opened at $9.71 on Friday. The business’s 50-day moving average price is $9.01 and its 200-day moving average price is $9.95. The firm has a market capitalization of $3.31 billion, a PE ratio of 88.27 and a beta of 0.88. Hagerty, Inc. has a 12 month low of $8.03 and a 12 month high of $12.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23.

Hagerty (NYSE:HGTYGet Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. The business had revenue of $319.59 million for the quarter, compared to analysts’ expectations of $299.92 million. Hagerty had a net margin of 5.27% and a return on equity of 12.06%. During the same period last year, the business earned $0.04 earnings per share. Sell-side analysts forecast that Hagerty, Inc. will post 0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price target on shares of Hagerty from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th.

Check Out Our Latest Stock Report on HGTY

Institutional Trading of Hagerty

Several hedge funds have recently added to or reduced their stakes in HGTY. Pembroke Management LTD bought a new position in shares of Hagerty during the fourth quarter valued at about $9,201,000. Neuberger Berman Group LLC grew its position in Hagerty by 11.4% during the 4th quarter. Neuberger Berman Group LLC now owns 4,725,196 shares of the company’s stock worth $45,598,000 after acquiring an additional 483,324 shares during the last quarter. Garner Asset Management Corp purchased a new position in Hagerty in the 1st quarter worth approximately $2,909,000. Greenhaven Road Investment Management L.P. increased its stake in Hagerty by 10.1% in the 1st quarter. Greenhaven Road Investment Management L.P. now owns 1,360,506 shares of the company’s stock worth $12,299,000 after purchasing an additional 124,336 shares during the period. Finally, Markel Group Inc. lifted its position in Hagerty by 3.6% in the fourth quarter. Markel Group Inc. now owns 3,108,000 shares of the company’s stock valued at $29,992,000 after purchasing an additional 108,000 shares during the last quarter. 20.51% of the stock is owned by institutional investors.

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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Insider Buying and Selling by Quarter for Hagerty (NYSE:HGTY)

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