Hagerty holding sells shares worth $11 million

Published 16/08/2025, 02:14
Hagerty holding sells shares worth $11 million

Hagerty Holding Corp. sold 1,236,750 shares of Class A Common Stock in a single transaction on August 13, 2025. The shares were sold at a price of $8.9197, for a total value of $11,031,438. The stock has since risen to $11.19, with the $3.77 billion market cap company showing strong momentum. According to InvestingPro analysis, HGTY has delivered impressive returns over the past three months.

The same day, Hagerty Holding Corp. also acquired 1,236,750 shares of Class A Common Stock.

Additionally, Hagerty Holding Corp. converted 1,236,750 shares of Class V Common Stock into Class A Common Stock.

Following these transactions, Hagerty Holding Corp. directly owns 0 shares of Class A Common Stock and 166,552,156 shares of Class V Common Stock of Hagerty, Inc. NASDAQ:HGTY.

In other recent news, Hagerty Inc. reported its second-quarter earnings for 2025, showcasing a mixed financial performance. The company posted earnings per share of $0.09, falling short of the anticipated $0.11. However, Hagerty’s revenue surged, reaching $369 million, significantly surpassing the expected $293.87 million. This represents a notable 25.46% surprise in revenue figures. Additionally, Hagerty announced a secondary offering of 8.7 million shares of its Class A Common Stock. The offering is being made by two stockholders, Hagerty Holding Corp. and Aldel LLC, who will not provide any proceeds to the company from this sale. The stockholders have also given underwriters a 30-day option to purchase an additional 1.3 million shares. These developments reflect recent activities surrounding Hagerty’s financial strategies and shareholder actions.

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