Stock market today: S&P 500 rides Apple-led tech rally to close higher
Director Robert I. Kauffman of Hagerty , Inc. (NYSE:HGTY), a $3.69 billion market cap company, sold a total of 28,728 shares of Class A Common Stock in two transactions, for approximately $309,720. According to InvestingPro data, the stock’s technical indicators suggest overbought conditions, following a strong three-month performance.
On July 25, 2025, Kauffman sold 24,728 shares at a weighted average price of $10.77, in a range of $10.62 to $10.87. Following this, on July 28, 2025, he sold an additional 4,000 shares at a weighted average price of $10.85, in a range of $10.75 to $10.92. With the company’s earnings report due in 6 days, InvestingPro subscribers can access 8 additional key insights about HGTY’s valuation and growth prospects.
The sales were executed under a Rule 10b5-1 trading plan adopted on August 9, 2024. The shares are indirectly held by Aldel LLC, where Kauffman serves as manager and has voting and investment discretion. Following the transactions, Kauffman indirectly holds 3,176,662 shares through Aldel LLC and directly holds 67,302 shares.
In other recent news, Hagerty Inc. reported its first-quarter 2025 earnings, which exceeded Wall Street’s expectations. The company posted earnings per share of $0.08, doubling the forecasted $0.04. Revenue for the quarter reached $319.6 million, surpassing the anticipated $259.17 million. These results reflect a strong financial performance for the company. Additionally, Hagerty announced the appointment of Marc Burns as Senior Vice President of Brand and Marketing. Burns will focus on integrating the brand experience across member touchpoints and implementing marketing initiatives. This appointment aligns with Hagerty’s strategic goal to double its policies in force by 2030. Furthermore, Broad Arrow Auctions, a Hagerty company, will host its inaugural Las Vegas auction on October 31, 2025, at Wynn Las Vegas, featuring approximately 70 collector cars.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.