Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 2,687 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 2,687 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $9.98, for a total value of $26,816.26. Following the completion of the sale, the director now owns 4,449,856 shares in the company, valued at approximately $44,409,562.88. This represents a 0.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Hagerty Stock Down 1.7 %

HGTY stock opened at $9.83 on Friday. Hagerty, Inc. has a one year low of $7.68 and a one year 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 firm’s fifty day moving average is $11.01 and its 200 day moving average is $10.93. The firm has a market cap of $3.35 billion, a PE ratio of 89.36 and a beta of 0.80.

Analysts Set New Price Targets

Separately, Raymond James downgraded shares of Hagerty from a “market perform” rating to an “underperform” rating in a report on Thursday.

Institutional Investors Weigh In On Hagerty

A number of institutional investors have recently modified their holdings of the business. FMR LLC boosted its position in Hagerty by 25,769.2% during 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 in the last quarter. Algert Global LLC acquired a new position in shares of Hagerty during the 2nd quarter worth approximately $108,000. Blue Trust Inc. lifted its position in shares of Hagerty by 178.6% during the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock valued at $110,000 after buying an additional 6,758 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Hagerty in the 2nd quarter valued at $139,000. Finally, PDT Partners LLC acquired a new stake in Hagerty in the 3rd quarter valued at $185,000. 20.51% of the stock is currently owned by institutional investors and hedge funds.

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.