Caz Investments LP Increases Stake in Hagerty, Inc. (NYSE:HGTY)

Caz Investments LP increased its stake in Hagerty, Inc. (NYSE:HGTY) by 66.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 25,000 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Hagerty comprises 0.2% of Caz Investments LP’s holdings, making the stock its 14th largest position. Caz Investments LP’s holdings in Hagerty were worth $258,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Hagerty by 1.1% in the first quarter. Vanguard Group Inc. now owns 2,028,292 shares of the company’s stock worth $18,559,000 after purchasing an additional 21,331 shares in the last quarter. Blue Trust Inc. purchased a new position in shares of Hagerty during the second quarter valued at approximately $39,000. Dimensional Fund Advisors LP bought a new stake in shares of Hagerty in the 2nd quarter worth approximately $139,000. Algert Global LLC purchased a new stake in shares of Hagerty in the 2nd quarter worth approximately $108,000. Finally, Lakewood Asset Management LLC bought a new position in Hagerty during the 3rd quarter valued at approximately $186,000. 20.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Activity at Hagerty

In other news, Director Robert I. Kauffman sold 10,067 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $11.75, for a total transaction of $118,287.25. Following the sale, the director now owns 5,224,239 shares of the company’s stock, valued at $61,384,808.25. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 271,459 shares of company stock valued at $3,017,272 over the last 90 days. Corporate insiders own 17.90% of the company’s stock.

Hagerty Stock Up 2.1 %

Shares of Hagerty stock opened at $11.70 on Wednesday. The company has a 50-day simple moving average of $10.84 and a two-hundred day simple moving average of $10.65. The stock has a market capitalization of $3.99 billion, a PE ratio of 106.32 and a beta of 0.78. 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.

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.