Anthony Kuczinski Purchases 4,000 Shares of Hagerty (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Anthony Kuczinski bought 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $9.50 per share, with a total value of $38,000.00. Following the completion of the purchase, the director directly owned 47,277 shares of the company’s stock, valued at $449,131.50. This represents a 9.24% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hagerty Stock Performance

NYSE HGTY opened at $10.24 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.27. The firm’s fifty day moving average price is $11.96 and its two-hundred day moving average price is $12.25. Hagerty, Inc. has a 1 year low of $8.03 and a 1 year high of $14.00. The firm has a market capitalization of $3.50 billion, a P/E ratio of 31.03 and a beta of 0.90.

Hagerty (NYSE:HGTY) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. Hagerty had a net margin of 5.98% and a return on equity of 16.24%. The firm had revenue of $388.10 million during the quarter, compared to analysts’ expectations of $323.93 million. As a group, research analysts anticipate that Hagerty, Inc. will post 0.22 EPS for the current year.

Institutional Trading of Hagerty

A number of hedge funds have recently modified their holdings of the stock. Neuberger Berman Group LLC boosted its holdings in shares of Hagerty by 2.8% during the 4th quarter. Neuberger Berman Group LLC now owns 8,269,620 shares of the company’s stock worth $111,144,000 after buying an additional 221,834 shares during the period. Polar Capital Holdings Plc raised its holdings in Hagerty by 9.4% in the 3rd quarter. Polar Capital Holdings Plc now owns 5,817,416 shares of the company’s stock valued at $70,042,000 after acquiring an additional 498,389 shares during the period. Vanguard Group Inc. lifted its position in Hagerty by 32.3% during the third quarter. Vanguard Group Inc. now owns 3,456,174 shares of the company’s stock worth $41,612,000 after acquiring an additional 843,433 shares during the last quarter. Greenhaven Road Investment Management L.P. lifted its position in Hagerty by 47.1% during the third quarter. Greenhaven Road Investment Management L.P. now owns 2,664,784 shares of the company’s stock worth $32,084,000 after acquiring an additional 853,245 shares during the last quarter. Finally, Pembroke Management LTD boosted its holdings in shares of Hagerty by 127.6% during the third quarter. Pembroke Management LTD now owns 2,261,203 shares of the company’s stock worth $27,225,000 after acquiring an additional 1,267,754 shares during the period. Institutional investors and hedge funds own 20.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on HGTY shares. JPMorgan Chase & Co. lifted their price target on Hagerty from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, January 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Hagerty in a research note on Monday, December 29th. Finally, Wall Street Zen cut Hagerty from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Hagerty currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

About Hagerty

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.