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Robert I. Kauffman, a director at Hagerty, Inc. (NYSE:HGTY), sold 34,447 shares of Class A Common Stock on September 22, 2025, for $426453. The sales were executed in multiple trades at prices ranging from $12.24 to $12.54. The transaction comes as Hagerty , with a market capitalization of $4.2 billion, has shown strong momentum with a 31.3% price return over the past six months. According to InvestingPro analysis, the stock appears to be trading below its Fair Value, with the company maintaining a GOOD financial health score.
Following the transaction, Kauffman continues to indirectly hold 1,186,942 shares through Aldel LLC and directly holds 67,302 shares. The sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Kauffman on August 9, 2024. For deeper insights into insider trading patterns and 8 additional key metrics for HGTY, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Hagerty Inc. reported its second-quarter earnings for 2025, showcasing a mixed financial performance. The company posted an earnings per share (EPS) of $0.09, which fell short of the forecasted $0.11. However, Hagerty surpassed revenue expectations, reporting $369 million against a forecast of $293.87 million, resulting in a 25.46% revenue surprise. Additionally, Hagerty announced a secondary offering of 8.7 million shares by stockholders Hagerty Holding Corp. and Aldel LLC, with an option for underwriters to purchase an additional 1.3 million shares. The company will not receive any proceeds from this sale. In analyst coverage, BMO Capital initiated Hagerty with a Market Perform rating and a $13.00 price target, while Oppenheimer gave it an Outperform rating with a $15.00 price target, noting its focus on the classic car niche. These developments highlight Hagerty’s recent activities and market evaluations.
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