Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells 11,046 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 11,046 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $10.13, for a total transaction of $111,895.98. Following the transaction, the director now owns 4,454,010 shares in the company, valued at approximately $45,119,121.30. The trade was a 0.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hagerty Stock Down 2.8 %

Shares of HGTY traded down $0.29 on Monday, reaching $10.12. The company’s stock had a trading volume of 105,469 shares, compared to its average volume of 81,854. Hagerty, Inc. has a twelve month low of $7.68 and a twelve month high of $12.35. The stock has a market capitalization of $3.45 billion, a PE ratio of 92.00 and a beta of 0.80. 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 fifty day moving average of $11.07 and a 200-day moving average of $10.94.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HGTY. FMR LLC grew its holdings 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. Algert Global LLC purchased a new position in Hagerty during the 2nd quarter worth $108,000. Blue Trust Inc. grew its stake in shares of 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 acquiring an additional 6,758 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Hagerty in the second quarter valued at about $139,000. Finally, PDT Partners LLC bought a new position in shares of Hagerty during the third quarter valued at about $185,000. Institutional investors own 20.51% of the company’s stock.

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.