Hagerty, Inc. (NYSE:HGTY) Director Sells $80,360.25 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 8,175 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $9.83, for a total transaction of $80,360.25. Following the sale, the director now directly owns 4,429,302 shares in the company, valued at $43,540,038.66. This trade represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Hagerty Stock Down 1.5 %

NYSE:HGTY traded down $0.15 on Monday, hitting $9.62. 61,315 shares of the company’s stock were exchanged, compared to its average volume of 68,472. The firm has a 50-day moving average price of $10.93 and a 200-day moving average price of $10.92. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. Hagerty, Inc. has a 52 week low of $7.68 and a 52 week high of $12.35. The company has a market cap of $3.28 billion, a P/E ratio of 87.45 and a beta of 0.86.

Analyst Upgrades and Downgrades

Separately, Raymond James cut 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 and hedge funds have recently modified their holdings of HGTY. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Hagerty by 376.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 97,143 shares of the company’s stock valued at $988,000 after purchasing an additional 76,740 shares during the period. Goldstone Financial Group LLC bought a new stake in shares of Hagerty in the 3rd quarter valued at about $236,000. Lakewood Asset Management LLC bought a new stake in shares of Hagerty in the 3rd quarter valued at about $186,000. PDT Partners LLC bought a new stake in shares of Hagerty in the 3rd quarter valued at about $185,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Hagerty in the 2nd quarter valued at about $139,000. 20.51% of the stock is owned by institutional investors.

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.