Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells $82,757.53 in Stock

Hagerty, Inc. (NYSE:HGTYGet Free Report) Director Robert I. Kauffman sold 8,251 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $10.03, for a total value of $82,757.53. Following the completion of the transaction, the director now directly owns 3,264,839 shares of the company’s stock, valued at $32,746,335.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hagerty Stock Performance

NYSE HGTY opened at $10.29 on Friday. Hagerty, Inc. has a fifty-two week low of $7.52 and a fifty-two week high of $10.42. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 169.03 and a beta of 0.78. The business has a fifty day moving average of $9.21 and a 200-day moving average of $8.67. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.22.

Hagerty (NYSE:HGTYGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $271.71 million during the quarter, compared to analysts’ expectations of $264.32 million. Hagerty had a return on equity of 6.35% and a net margin of 1.82%. As a group, analysts predict that Hagerty, Inc. will post 0.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hagerty

Several institutional investors have recently added to or reduced their stakes in HGTY. Barclays PLC increased its stake in Hagerty by 314.2% in the third quarter. Barclays PLC now owns 26,815 shares of the company’s stock valued at $219,000 after purchasing an additional 20,341 shares during the last quarter. Swiss National Bank increased its stake in Hagerty by 3.3% in the third quarter. Swiss National Bank now owns 55,700 shares of the company’s stock valued at $455,000 after purchasing an additional 1,800 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Hagerty in the third quarter valued at $206,000. Corton Capital Inc. acquired a new position in Hagerty in the third quarter valued at $133,000. Finally, Quadrature Capital Ltd acquired a new position in Hagerty in the third quarter valued at $147,000. 20.51% of the stock is currently owned by institutional investors and hedge funds.

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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