Goldstone Financial Group LLC Makes New $236,000 Investment in Hagerty, Inc. (NYSE:HGTY)

Goldstone Financial Group LLC acquired a new stake in Hagerty, Inc. (NYSE:HGTY) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 23,197 shares of the company’s stock, valued at approximately $236,000.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Hagerty by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company’s stock worth $18,559,000 after buying an additional 21,331 shares in the last quarter. Meixler Investment Management Ltd. boosted its holdings in Hagerty by 21.2% during the 1st quarter. Meixler Investment Management Ltd. now owns 24,325 shares of the company’s stock worth $223,000 after acquiring an additional 4,250 shares during the last quarter. Lakewood Asset Management LLC purchased a new position in Hagerty during the 3rd quarter worth $186,000. Dimensional Fund Advisors LP bought a new stake in shares of Hagerty in the 2nd quarter worth $139,000. Finally, Blue Trust Inc. raised its holdings in shares of Hagerty by 178.6% in the third quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock valued at $110,000 after purchasing an additional 6,758 shares during the last quarter. 20.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Robert I. Kauffman sold 5,088 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $10.42, for a total transaction of $53,016.96. Following the transaction, the director now owns 5,048,360 shares of the company’s stock, valued at $52,603,911.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Hagerty news, Director Robert I. Kauffman sold 3,083 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $10.47, for a total transaction of $32,279.01. Following the sale, the director now owns 5,071,388 shares in the company, valued at $53,097,432.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert I. Kauffman sold 5,088 shares of Hagerty stock in a transaction on Friday, October 25th. The shares were sold at an average price of $10.42, for a total value of $53,016.96. Following the completion of the transaction, the director now owns 5,048,360 shares of the company’s stock, valued at approximately $52,603,911.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 132,349 shares of company stock valued at $1,449,323 over the last ninety days. 17.90% of the stock is currently owned by insiders.

Hagerty Trading Up 0.2 %

NYSE HGTY opened at $10.80 on Friday. The business’s fifty day moving average is $10.95 and its 200-day moving average is $10.35. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 89.96 and a beta of 0.79. Hagerty, Inc. has a one year low of $7.63 and a one year high of $12.35.

Hagerty (NYSE:HGTY) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. Hagerty had a net margin of 5.37% and a return on equity of 15.68%. The business had revenue of $313.23 million for the quarter, compared to analyst estimates of $312.64 million. Equities research analysts predict that Hagerty, Inc. will post 0.26 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HGTY shares. JPMorgan Chase & Co. boosted their price target on shares of Hagerty from $9.50 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Truist Financial boosted their target price on Hagerty from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Thursday, August 8th.

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.