Hagerty, Inc. (NYSE:HGTY – Get Free Report) Director Robert I. Kauffman sold 3,083 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $10.47, for a total value of $32,279.01. Following the completion of the transaction, the director now directly owns 5,071,388 shares of the company’s stock, valued at approximately $53,097,432.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Hagerty Trading Down 1.0 %
Shares of NYSE:HGTY opened at $10.50 on Tuesday. The business’s 50-day moving average is $11.02 and its 200 day moving average is $10.26. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.04 and a quick ratio of 1.04. Hagerty, Inc. has a 1 year low of $7.52 and a 1 year high of $12.35. The firm has a market capitalization of $3.53 billion, a P/E ratio of 174.50 and a beta of 0.79.
Hagerty (NYSE:HGTY – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm had revenue of $313.23 million during the quarter, compared to analyst estimates of $312.64 million. Hagerty had a net margin of 5.37% and a return on equity of 15.68%. On average, research analysts predict that Hagerty, Inc. will post 0.26 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Hagerty
Wall Street Analyst Weigh In
HGTY has been the subject of several analyst reports. Truist Financial increased their price target on shares of Hagerty from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. raised their target price on shares of Hagerty from $9.50 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th.
Get Our Latest Stock Analysis on Hagerty
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.
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