Robert I. Kauffman Sells 10,461 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 10,461 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $11.54, for a total transaction of $120,719.94. Following the sale, the director now owns 4,710,068 shares in the company, valued at $54,354,184.72. This trade represents a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Hagerty Stock Up 0.7 %

Shares of HGTY stock opened at $11.75 on Thursday. The firm’s fifty day moving average price is $10.85 and its two-hundred day moving average price is $10.67. Hagerty, Inc. has a 1 year low of $7.68 and a 1 year 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 firm has a market capitalization of $4.01 billion, a P/E ratio of 106.82 and a beta of 0.78.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HGTY. Blue Trust Inc. acquired a new stake in Hagerty in the second quarter valued at $39,000. FMR LLC lifted its stake in Hagerty by 25,769.2% in the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after purchasing an additional 6,700 shares during the last quarter. Algert Global LLC bought a new position in Hagerty during the second quarter worth about $108,000. Dimensional Fund Advisors LP acquired a new position in Hagerty during the second quarter worth approximately $139,000. Finally, PDT Partners LLC bought a new stake in Hagerty in the third quarter valued at approximately $185,000. Institutional investors and hedge funds own 20.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.