Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 3,883 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,883 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $9.64, for a total value of $37,432.12. Following the completion of the sale, the director now owns 4,381,666 shares in the company, valued at $42,239,260.24. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Hagerty Stock Performance

Shares of NYSE HGTY opened at $9.66 on Friday. Hagerty, Inc. has a 12-month low of $7.68 and a 12-month high of $12.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. The company has a market cap of $3.29 billion, a PE ratio of 87.82 and a beta of 0.86. The stock has a 50 day simple moving average of $10.63 and a 200-day simple moving average of $10.86.

Analysts Set New Price Targets

Separately, Raymond James downgraded shares of Hagerty from a “market perform” rating to an “underperform” rating in a research report on Thursday, December 26th.

Institutional Investors Weigh In On Hagerty

A number of institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its holdings 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 acquiring an additional 6,700 shares during the period. Algert Global LLC bought a new position in shares of Hagerty during the 2nd quarter valued at about $108,000. Blue Trust Inc. grew its stake in shares of Hagerty by 178.6% in the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock worth $110,000 after purchasing an additional 6,758 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Hagerty in the 2nd quarter worth approximately $139,000. Finally, PDT Partners LLC acquired a new stake in Hagerty during the third quarter valued at approximately $185,000. 20.51% of the stock is currently owned by institutional investors and hedge funds.

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.