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Robert Kauffman, a director at Hagerty , Inc. (NYSE:HGTY), recently executed a sale of 1,215 shares of Class A Common Stock. The transaction, which took place on April 2, 2025, was conducted at a weighted average price of $9.07 per share, amounting to a total value of $11,020. This sale was carried out under a Rule 10b5-1 trading plan, which Kauffman adopted in August 2024. The sale comes as Hagerty, with a market capitalization of $2.98 billion, trades near its 52-week low of $8.30. According to InvestingPro analysis, the stock appears undervalued despite showing strong revenue growth of approximately 20% over the last twelve months.
Following the sale, Kauffman retains 4,093,146 shares indirectly through Aldel LLC and 67,302 shares directly. The transaction was executed in multiple trades with prices ranging from $9.00 to $9.15. InvestingPro subscribers can access 10 additional key insights about Hagerty’s valuation and financial health, along with a comprehensive Pro Research Report available for this and 1,400+ other US stocks.
In other recent news, Hagerty Inc. reported its financial results for the fourth quarter of 2024, exceeding both earnings and revenue expectations. The company achieved an earnings per share (EPS) of $0.02, doubling the forecasted $0.01, and reported revenue of $292 million, surpassing the projected $279.53 million. This performance marks a 19% year-over-year revenue increase, driven by a 13% rise in written premiums and a 15% increase in commission and fee revenue. Despite these positive results, the company’s stock experienced a decline in pre-market trading. Hagerty has announced plans for significant investments in technology and market expansion, aiming for continued growth. The company projects written premiums growth of 13-14% and total revenue growth of 12-13% for 2025. Analysts from firms like Citizens JMP have inquired about Hagerty’s strategies, including cross-selling and the impact of tariffs on operational costs. Hagerty’s leadership emphasized a focus on technology investments to support scalable growth and maintain its market position.
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