Hagerty (HGTY) to Release Earnings on Tuesday

Hagerty (NYSE:HGTY) is expected to release its earnings data before the market opens on Tuesday, March 4th. Analysts expect Hagerty to post earnings of $0.01 per share and revenue of $279.59 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Hagerty Price Performance

Hagerty stock opened at $10.14 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.23. The firm’s 50-day simple moving average is $9.86 and its 200 day simple moving average is $10.65. Hagerty has a 52 week low of $8.30 and a 52 week high of $12.35. The firm has a market capitalization of $3.46 billion, a PE ratio of 92.16 and a beta of 0.85.

Analyst Ratings Changes

Separately, Raymond James downgraded Hagerty from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 26th.

Insider Activity at Hagerty

In other Hagerty news, Director Robert I. Kauffman sold 8,918 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $9.32, for a total value of $83,115.76. Following the completion of the transaction, the director now directly owns 4,389,521 shares in the company, valued at approximately $40,910,335.72. The trade was a 0.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 138,550 shares of company stock valued at $1,395,815. 17.90% of the stock is owned by insiders.

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.