Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 6,202 Shares of Stock

Hagerty, Inc. (NYSE:HGTYGet Free Report) Director Robert I. Kauffman sold 6,202 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $11.07, for a total transaction of $68,656.14. Following the transaction, the director now owns 5,528,496 shares in the company, valued at $61,200,450.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hagerty Stock Up 1.3 %

Hagerty stock opened at $11.13 on Tuesday. Hagerty, Inc. has a fifty-two week low of $7.52 and a fifty-two week high of $11.14. The stock has a market cap of $3.75 billion, a PE ratio of 185.53 and a beta of 0.80. The firm’s 50-day simple moving average is $9.68 and its 200 day simple moving average is $8.88. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.47 and a current ratio of 1.47.

Hagerty (NYSE:HGTYGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The business had revenue of $271.71 million for the quarter, compared to analyst estimates of $264.32 million. Hagerty had a net margin of 1.82% and a return on equity of 6.35%. Research analysts predict that Hagerty, Inc. will post 0.21 EPS for the current fiscal year.

Institutional Trading of Hagerty

Several hedge funds have recently added to or reduced their stakes in HGTY. Confluence Investment Management LLC bought a new stake in shares of Hagerty in the first quarter valued at approximately $3,473,000. Lincoln Capital LLC raised its position in shares of Hagerty by 18.0% in the fourth quarter. Lincoln Capital LLC now owns 328,763 shares of the company’s stock valued at $2,593,000 after purchasing an additional 50,140 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of Hagerty by 34.7% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 103,300 shares of the company’s stock valued at $806,000 after purchasing an additional 26,600 shares during the period. Hsbc Holdings PLC bought a new stake in shares of Hagerty in the third quarter valued at approximately $206,000. Finally, Vanguard Group Inc. raised its position 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 valued at $18,559,000 after purchasing an additional 21,331 shares during the period. Institutional investors own 20.51% of the company’s stock.

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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