Hagerty (NYSE:HGTY) Stock Price Down 2.8%

Date:



Hagerty, Inc. (NYSE:HGTYGet Rating) shares dropped 2.8% on Tuesday . The stock traded as low as $10.64 and last traded at $10.78. Approximately 9,228 shares changed hands during trading, a decline of 97% from the average daily volume of 284,060 shares. The stock had previously closed at $11.09.

The company has a 50-day moving average price of $9.93 and a two-hundred day moving average price of $12.69. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.40.

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Hagerty (NYSE:HGTYGet Rating) last posted its quarterly earnings data on Monday, May 9th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $167.81 million for the quarter.

Several hedge funds have recently bought and sold shares of HGTY. State Farm Mutual Automobile Insurance Co. bought a new position in shares of Hagerty in the fourth quarter worth approximately $709,000,000. Wasatch Advisors Inc. bought a new position in shares of Hagerty in the fourth quarter worth approximately $92,147,000. Bank of America Corp DE bought a new position in Hagerty during the fourth quarter valued at approximately $21,288,000. Fenimore Asset Management Inc. bought a new position in Hagerty during the first quarter valued at approximately $5,973,000. Finally, Vanguard Group Inc. grew its position in Hagerty by 39.4% during the first quarter. Vanguard Group Inc. now owns 1,263,265 shares of the company’s stock valued at $13,631,000 after acquiring an additional 356,937 shares during the last quarter. Institutional investors own 19.23% of the company’s stock.

About Hagerty (NYSE:HGTY)

Hagerty, Inc provides insurance agency services worldwide. It offers automobile and boat insurance products; and reinsurance products. The company also provides Hagerty Media, which publishes contents through the HDC Magazine, video content, YouTube channel; 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; HVT, a valuation tool used by the customer to access current and historic pricing data of collector car, truck, SUV, and motorcycle models; and Hagerty Events, an eclectic mix of small and large events.

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