Robert I. Kauffman Sells 9,322 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 9,322 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $11.48, for a total transaction of $107,016.56. Following the completion of the sale, the director now directly owns 4,547,725 shares of the company’s stock, valued at approximately $52,207,883. This trade represents a 0.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hagerty Stock Down 0.2 %

NYSE HGTY traded down $0.03 during trading on Thursday, reaching $11.45. 44,755 shares of the company’s stock traded hands, compared to its average volume of 82,130. The company’s 50 day simple moving average is $10.96 and its two-hundred day simple moving average is $10.78. Hagerty, Inc. has a 12-month low of $7.68 and a 12-month high of $12.35. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 104.36 and a beta of 0.80. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01.

Institutional Trading of Hagerty

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

Analyst Upgrades and Downgrades

Separately, Truist Financial lifted their price target on shares of Hagerty from $10.00 to $11.00 and gave the company a “hold” rating in a research note 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.