Robert I. Kauffman Sells 7,061 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 7,061 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $9.35, for a total value of $66,020.35. Following the completion of the transaction, the director now directly owns 4,398,439 shares in the company, valued at approximately $41,125,404.65. The trade was a 0.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hagerty Stock Up 1.0 %

HGTY stock opened at $9.67 on Thursday. The company has a market capitalization of $3.30 billion, a P/E ratio of 87.91 and a beta of 0.86. Hagerty, Inc. has a 12 month low of $7.68 and a 12 month high of $12.35. The firm’s fifty day simple moving average is $10.74 and its 200-day simple moving average is $10.89. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Hagerty

Several hedge funds have recently added to or reduced their stakes in the business. Meixler Investment Management Ltd. lifted its holdings in shares of Hagerty by 9.7% in the 3rd quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock valued at $279,000 after buying an additional 2,430 shares during the period. 17 Capital Partners LLC raised its position in Hagerty by 10.0% during the third quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock valued at $559,000 after acquiring an additional 5,000 shares in the last quarter. Barclays PLC raised its position in Hagerty by 23.0% during the third quarter. Barclays PLC now owns 31,675 shares of the company’s stock valued at $321,000 after acquiring an additional 5,932 shares in the last quarter. FMR LLC lifted its holdings in Hagerty by 25,769.2% in the third quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after acquiring an additional 6,700 shares during the period. Finally, Blue Trust Inc. boosted its position in 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 in the last quarter. 20.51% of the stock is owned by hedge funds and other institutional investors.

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.