Hagerty, Inc. (NYSE:HGTY – Get Free Report) Director Robert I. Kauffman sold 3,036 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $9.07, for a total value of $27,536.52. Following the completion of the transaction, the director now owns 3,421,036 shares in the company, valued at $31,028,796.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Hagerty Price Performance
NYSE:HGTY opened at $8.76 on Friday. The company has a market capitalization of $2.94 billion, a P/E ratio of 125.14 and a beta of 0.77. The business’s 50-day moving average is $8.80 and its 200 day moving average is $8.36. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.32. Hagerty, Inc. has a 12 month low of $7.52 and a 12 month high of $10.36.
Hagerty (NYSE:HGTY – Get Free Report) last posted its earnings results on Tuesday, March 12th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $245.04 million during the quarter, compared to analyst estimates of $245.17 million. Hagerty had a net margin of 1.84% and a return on equity of 4.53%. On average, equities research analysts forecast that Hagerty, Inc. will post 0.19 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. initiated coverage on shares of Hagerty in a research report on Thursday, January 11th. They set a “neutral” rating and a $9.00 price objective on the stock.
View Our Latest Stock Analysis on HGTY
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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