Hagerty (NYSE:HGTY) Insider Kenneth Ahn Sells 1,350 Shares

Hagerty, Inc. (NYSE:HGTY) insider Kenneth Ahn sold 1,350 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $13.25, for a total transaction of $17,887.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Kenneth Ahn also recently made the following trade(s):

• On Monday, January 12th, Kenneth Ahn sold 50,000 shares of Hagerty stock. The stock was sold at an average price of $12.86, for a total value of $643,000.00.
• On Monday, January 5th, Kenneth Ahn sold 164,870 shares of Hagerty stock. The shares were sold at an average price of $12.79, for a total transaction of $2,108,687.30.
• On Wednesday, January 7th, Kenneth Ahn sold 24,247 shares of Hagerty stock. The stock was sold at an average price of $13.08, for a total value of $317,150.76.
• On Tuesday, January 6th, Kenneth Ahn sold 10,883 shares of Hagerty stock. The stock was sold at an average price of $12.85, for a total value of $139,846.55.

Hagerty Stock Down 2.2%

NYSE:HGTY traded down $0.29 during mid-day trading on Tuesday, reaching $12.67. The company’s stock had a trading volume of 59,800 shares, compared to its average volume of 129,938. The firm has a market capitalization of $4.33 billion, a PE ratio of 45.25 and a beta of 0.89. The stock has a fifty day moving average of $13.05 and a 200-day moving average of $11.84. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.17. Hagerty, Inc. has a 1 year low of $8.03 and a 1 year high of $14.00.

Hagerty (NYSE:HGTY) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. Hagerty had a net margin of 5.85% and a return on equity of 16.85%. The firm had revenue of $359.01 million during the quarter, compared to analyst estimates of $354.36 million. Equities research analysts forecast that Hagerty, Inc. will post 0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HGTY. Weiss Ratings reiterated a “hold (c+)” rating on shares of Hagerty in a research note on Monday, December 29th. Keefe, Bruyette & Woods raised their target price on Hagerty from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. JMP Securities initiated coverage on Hagerty in a report on Wednesday, October 1st. They issued a “market outperform” rating and a $15.00 price target for the company. JPMorgan Chase & Co. raised their price objective on shares of Hagerty from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. Finally, Citigroup began coverage on shares of Hagerty in a research note on Wednesday, October 1st. They issued an “outperform” rating for the company. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Hagerty presently has an average rating of “Moderate Buy” and an average target price of $14.13.

Institutional Investors Weigh In On Hagerty

Large investors have recently modified their holdings of the business. Neuberger Berman Group LLC raised its position in shares of Hagerty by 44.8% in the third quarter. Neuberger Berman Group LLC now owns 8,047,786 shares of the company’s stock valued at $96,895,000 after buying an additional 2,490,359 shares during the last quarter. Pembroke Management LTD grew its stake in Hagerty by 127.6% during the 3rd quarter. Pembroke Management LTD now owns 2,261,203 shares of the company’s stock valued at $27,225,000 after acquiring an additional 1,267,754 shares in the last quarter. Greenhaven Road Investment Management L.P. raised its holdings in Hagerty by 47.1% in the 3rd quarter. Greenhaven Road Investment Management L.P. now owns 2,664,784 shares of the company’s stock valued at $32,084,000 after acquiring an additional 853,245 shares during the last quarter. Vanguard Group Inc. lifted its stake in Hagerty by 32.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,456,174 shares of the company’s stock worth $41,612,000 after purchasing an additional 843,433 shares in the last quarter. Finally, Polar Capital Holdings Plc lifted its stake in Hagerty by 9.4% in the 3rd quarter. Polar Capital Holdings Plc now owns 5,817,416 shares of the company’s stock worth $70,042,000 after purchasing an additional 498,389 shares in the last quarter. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Hagerty Company Profile

Hagerty is a specialized automotive lifestyle and insurance company that caters primarily to collectible car enthusiasts. Its core business centers on offering classic vehicle insurance policies designed to protect antique, vintage and specialty automobiles, motorcycles and boats. These policies typically feature agreed-value coverage, flexible usage options and access to restoration services, aligning with the unique needs of collectors and hobbyists.

Beyond insurance, Hagerty operates a comprehensive suite of community and content services under its automotive lifestyle brand.