Hagerty, Inc. (NYSE:HGTY) Director Sells $80,196.48 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 8,736 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $9.18, for a total value of $80,196.48. Following the sale, the director now owns 4,121,185 shares of the company’s stock, valued at $37,832,478.30. This trade represents a 0.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hagerty Price Performance

HGTY stock opened at $8.96 on Friday. Hagerty, Inc. has a 12-month low of $8.30 and a 12-month high of $12.35. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 81.41 and a beta of 0.84. The firm has a 50 day moving average of $9.74 and a 200-day moving average of $10.36. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Hagerty

A number of large investors have recently added to or reduced their stakes in HGTY. KLP Kapitalforvaltning AS acquired a new position in Hagerty during the fourth quarter worth about $31,000. Ancora Advisors LLC acquired a new position in shares of Hagerty during the 4th quarter worth approximately $46,000. R Squared Ltd acquired a new stake in Hagerty during the 4th quarter valued at $51,000. FMR LLC increased 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 buying an additional 6,700 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Hagerty in the fourth quarter worth $84,000. 20.51% of the stock is 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.