Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 10,461 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 10,461 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $11.54, for a total value of $120,719.94. Following the transaction, the director now owns 4,710,068 shares of the company’s stock, valued at approximately $54,354,184.72. The trade was a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Hagerty Stock Performance

Shares of NYSE HGTY opened at $11.70 on Wednesday. The stock has a 50 day moving average price of $10.84 and a 200 day moving average price of $10.65. Hagerty, Inc. has a 52 week low of $7.68 and a 52 week high of $12.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $3.99 billion, a PE ratio of 106.09 and a beta of 0.78.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. acquired a new position in Hagerty during the second quarter valued at approximately $39,000. FMR LLC lifted its position in shares of Hagerty by 25,769.2% in the third quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after buying an additional 6,700 shares during the last quarter. Algert Global LLC bought a new position in shares of Hagerty during the 2nd quarter worth approximately $108,000. Dimensional Fund Advisors LP bought a new position in shares of Hagerty during the 2nd quarter worth approximately $139,000. Finally, PDT Partners LLC bought a new position in shares of Hagerty during the 3rd quarter worth approximately $185,000. 20.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Truist Financial increased their price objective on Hagerty from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Thursday, August 8th.

About Hagerty

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.