Hagerty, Inc. (NYSE:HGTY – Get Free Report) Director Robert I. Kauffman sold 4,431 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $10.46, for a total value of $46,348.26. Following the completion of the transaction, the director now directly owns 5,108,221 shares in the company, valued at approximately $53,431,991.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Hagerty Stock Performance
Hagerty stock traded up $0.07 during trading hours on Tuesday, reaching $10.52. 59,584 shares of the company were exchanged, compared to its average volume of 81,296. Hagerty, Inc. has a 12 month low of $7.52 and a 12 month high of $12.35. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 177.33 and a beta of 0.79. 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 stock has a 50-day moving average of $11.04 and a 200 day moving average of $10.16.
Hagerty (NYSE:HGTY – Get Free Report) last posted 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. The business had revenue of $313.23 million during the quarter, compared to the consensus estimate of $312.64 million. Hagerty had a net margin of 5.37% and a return on equity of 15.68%. As a group, research analysts anticipate that Hagerty, Inc. will post 0.26 earnings per share for the current year.
Institutional Investors Weigh In On Hagerty
Analysts Set New Price Targets
A number of research firms have recently weighed in on HGTY. JPMorgan Chase & Co. raised their price target on shares of Hagerty from $9.50 to $11.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Truist Financial boosted their price target on Hagerty from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Thursday, August 8th.
View Our Latest Analysis on Hagerty
Hagerty Company Profile
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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