Robert I. Kauffman Sells 29,352 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 29,352 shares of the stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $10.30, for a total value of $302,325.60. Following the completion of the sale, the director now owns 2,998,675 shares of the company’s stock, valued at $30,886,352.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Hagerty Stock Up 4.7 %

Shares of HGTY traded up $0.49 on Tuesday, hitting $11.02. The company’s stock had a trading volume of 156,604 shares, compared to its average volume of 82,606. The firm’s fifty day moving average price is $9.46 and its 200-day moving average price is $8.78. Hagerty, Inc. has a fifty-two week low of $7.52 and a fifty-two week high of $11.04. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 183.53 and a beta of 0.80.

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

Hedge Funds Weigh In On Hagerty

Large investors have recently added to or reduced their stakes in the company. Confluence Investment Management LLC bought a new stake in shares of Hagerty in the first quarter worth $3,473,000. Lincoln Capital LLC increased its stake in Hagerty by 18.0% in the 4th quarter. Lincoln Capital LLC now owns 328,763 shares of the company’s stock valued at $2,593,000 after buying an additional 50,140 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Hagerty by 34.7% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 103,300 shares of the company’s stock valued at $806,000 after buying an additional 26,600 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Hagerty in the 3rd quarter valued at $206,000. Finally, Vanguard Group Inc. increased its stake in Hagerty by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company’s stock valued at $18,559,000 after buying 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.