Robert I. Kauffman Sells 40,908 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 40,908 shares of Hagerty stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $10.13, for a total value of $414,398.04. Following the completion of the transaction, the director now owns 3,074,333 shares in the company, valued at approximately $31,142,993.29. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hagerty Trading Up 3.0 %

Shares of HGTY opened at $10.41 on Friday. Hagerty, Inc. has a 52-week low of $7.52 and a 52-week high of $10.62. The business’s fifty day moving average is $9.42 and its 200-day moving average is $8.75. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 173.50 and a beta of 0.78.

Hagerty (NYSE:HGTY) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. Hagerty had a return on equity of 6.35% and a net margin of 1.82%. The company had revenue of $271.71 million for the quarter, compared to analyst estimates of $264.32 million. Equities analysts anticipate that Hagerty, Inc. will post 0.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Hagerty

Hedge funds and other institutional investors have recently modified their holdings of the business. Confluence Investment Management LLC bought a new stake in Hagerty during the 1st quarter worth $3,473,000. Lincoln Capital LLC grew its position in Hagerty by 18.0% during the 4th quarter. Lincoln Capital LLC now owns 328,763 shares of the company’s stock worth $2,593,000 after acquiring an additional 50,140 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in Hagerty by 34.7% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 103,300 shares of the company’s stock worth $806,000 after acquiring an additional 26,600 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Hagerty during the 3rd quarter worth $206,000. Finally, Vanguard Group Inc. grew its position in Hagerty by 1.1% during the 1st 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 last quarter. Institutional investors own 20.51% of the company’s stock.

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.