Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sell 6,318 shares

Hagerty, Inc. (NYSE:HGTY – Get Your Free Report ) Director Robert I. Kauffman sold 6,318 shares of Hagerty stock in a transaction on Monday, August 26th. The shares were sold at an average price of $11.85, for a total transaction of $74,868.30. Following the completion of the transaction, the director now owns 5,267,317 shares in the company, valued at approximately $62,417,706.45. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website.

Hagerty Trading Up 2.7%

Shares of HGTY stock opened at $11.99 on Tuesday. The firm has a market cap of $4.04 billion, a P/E ratio of 199.83 and a beta of 0.80. Hagerty, Inc. has a one year low of $7.52 and a one year high of $12.04. The company’s fifty-day simple moving average is $10.88, and its 200-day simple moving average is $9.64. The company has a current ratio of 1.47, a quick ratio of 1.47, and a debt-to-equity ratio of 0.22.

Hagerty (NYSE:HGTY – Get Your Free Report ) last issued its quarterly earnings data 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. Hagerty had a net margin of 1.82% and a return on equity of 6.35%. The company had revenue of $313.23 million for the quarter, compared to the consensus estimate of $312.64 million. As a group, sell-side analysts predict that Hagerty, Inc. will post 0.23 EPS for the current year.

Analysts on Wall Street are forecasting an increase

Several equities research analysts recently issued reports on HGTY shares. JPMorgan Chase & Co. upped their target price on Hagerty from $9.50 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Truist Financial boosted their target price on Hagerty from $10.00 to $11.00 and gave the company a “hold” rating in a report on Thursday, August 8th.

Check out our latest report on Hagerty

Hedge funds influence Hagerty

Several large investors have recently added to or reduced their stakes in HGTY. Algert Global LLC bought a new stake in shares of Hagerty in the second quarter valued at about $108,000. Dimensional Fund Advisors LP purchased a new stake in Hagerty in the second quarter valued at $139,000. Blue Trust Inc. purchased a new position in shares of Hagerty in the second quarter valued at $39,000. Vanguard Group Inc. raised its holdings in shares of Hagerty by 1.1% in the first quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company’s stock worth $18,559,000 after acquiring an additional 21,331 shares during the period. Finally, Meixler Investment Management Ltd. boosted 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 acquiring an additional 4,250 shares during the last quarter. Institutional investors and hedge funds own 20.51% of the company’s shares.

About Hagerty

(Get a free report)

Hagerty, Inc provides insurance agency services worldwide. Offers auto and boat insurance products; and reinsurance products. The company provides Hagerty Media, which publishes content through Hagerty Drivers Club Magazine (HDC), video content and social media channels; HDC offering subscription-based products and services, including HDC Magazine, auto enthusiast events, owner vehicle evaluation tools, roadside assistance and special vehicle discounts.

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