Hagerty director Kauffman sells $508k in shares

Director Robert I. Kauffman of Hagerty , Inc. (NYSE:HGTY), a $3.4 billion market cap company currently trading at $10.07, recently sold a total of 508865 worth of Class A Common Stock, according to a Form 4 filing with the Securities and Exchange Commission. According to InvestingPro analysis, the company maintains a "GOOD" financial health rating and shows strong revenue growth of over 18% in the last twelve months.

The sales, executed in three separate transactions, all coded "S", were carried out under a Rule 10b5-1 trading plan previously adopted by Kauffman on August 9, 2024.

On June 20, 2025, 7,747 shares were sold at an average price of $9.82, with prices ranging from $9.64 to $9.88. On June 23, 2025, 11,710 shares were sold at an average price of $10.02, with prices ranging from $9.80 to $10.09. The final transaction occurred on June 24, 2025, with 31,110 shares sold at an average price of $10.14, with prices ranging from $10.03 to $10.23.

Following these transactions, Kauffman indirectly owns 3,738,504 shares of Hagerty, Inc. Class A Common Stock through Aldel LLC, where he serves as manager and has voting and investment discretion. He also directly owns 67,302 shares. For deeper insights into HGTY’s valuation and comprehensive analysis, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.

In other recent news, Hagerty Inc. reported its first-quarter 2025 earnings, surpassing expectations with strong financial results. The company achieved earnings per share of $0.08, doubling the anticipated $0.04, while revenue reached $319.6 million, exceeding the forecasted $259.17 million. Hagerty’s net income increased by 233% to $27 million, and adjusted EBITDA rose by 45% to $40 million, indicating robust operational performance. The company has set ambitious targets for 2025, including projected revenue growth of 12-13% and a net income increase of 30-40%.

Additionally, Hagerty is focusing on strategic initiatives such as launching new products and expanding internationally, with plans to double its policies in force to 3 million by 2030. Analyst firms have not provided any recent upgrades or downgrades for Hagerty, but the company’s strong earnings performance has likely influenced positive sentiment among investors. The company is also investing in technology, with a focus on a cloud-based insurance platform to enhance efficiency and support future growth. These developments reflect Hagerty’s commitment to maintaining its growth trajectory and expanding its market presence.

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