Hagerty, Inc. (NYSE:HGTY) Director Sells $698,853.82 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 62,342 shares of Hagerty stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $11.21, for a total value of $698,853.82. Following the completion of the sale, the director now directly owns 4,757,757 shares of the company’s stock, valued at $53,334,455.97. The trade was a 1.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hagerty Price Performance

Shares of HGTY stock opened at $11.51 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. Hagerty, Inc. has a 12 month low of $7.68 and a 12 month high of $12.35. The stock has a market cap of $3.93 billion, a P/E ratio of 104.64 and a beta of 0.78. The company has a 50 day simple moving average of $10.83 and a two-hundred day simple moving average of $10.63.

Wall Street Analysts Forecast Growth

Separately, Truist Financial boosted their price target on Hagerty from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Thursday, August 8th.

Institutional Investors Weigh In On Hagerty

A number of hedge funds have recently modified their holdings of HGTY. Barclays PLC lifted its position in Hagerty by 23.0% during the third quarter. Barclays PLC now owns 31,675 shares of the company’s stock valued at $321,000 after purchasing an additional 5,932 shares in the last quarter. PDT Partners LLC bought a new position in shares of Hagerty in the third quarter worth about $185,000. Caz Investments LP raised its stake in shares of Hagerty by 66.7% in the third quarter. Caz Investments LP now owns 25,000 shares of the company’s stock worth $258,000 after buying an additional 10,000 shares during the period. FMR LLC lifted its position in shares of Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after buying an additional 6,700 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Hagerty by 376.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock valued at $988,000 after acquiring an additional 76,740 shares during the period. Institutional investors own 20.51% of the company’s stock.

Hagerty Company Profile

Hagerty, Inc provides insurance agency services worldwide. It offers motor vehicle and boat insurance products; and reinsurance products. The company provides Hagerty Media, which publishes contents through the Hagerty Drivers Club Magazine (HDC), video content, and social media channels; HDC that offers subscription based products and services, including HDC Magazine, automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and special vehicle-related discounts.