Hagerty, Inc. (NYSE:HGTY) Director Sells $23,323.83 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 2,407 shares of Hagerty stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $9.69, for a total transaction of $23,323.83. Following the sale, the director now owns 4,375,960 shares of the company’s stock, valued at approximately $42,403,052.40. This represents a 0.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hagerty Trading Down 1.0 %

HGTY traded down $0.10 during midday trading on Friday, reaching $9.66. 25,015 shares of the company were exchanged, compared to its average volume of 57,583. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $3.29 billion, a P/E ratio of 87.82 and a beta of 0.86. The stock’s 50-day simple moving average is $10.66 and its 200 day simple moving average is $10.87. Hagerty, Inc. has a one year low of $7.68 and a one year high of $12.35.

Wall Street Analysts Forecast Growth

Separately, Raymond James lowered shares of Hagerty from a “market perform” rating to an “underperform” rating in a report on Thursday, December 26th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. FMR LLC raised its holdings in Hagerty by 25,769.2% in the third quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after purchasing an additional 6,700 shares during the period. Algert Global LLC bought a new position in Hagerty during the second quarter worth about $108,000. Blue Trust Inc. grew its stake in Hagerty by 178.6% in the third quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock valued at $110,000 after acquiring an additional 6,758 shares during the period. Dimensional Fund Advisors LP acquired a new position in Hagerty in the second quarter valued at about $139,000. Finally, PDT Partners LLC bought a new stake in shares of Hagerty in the third quarter worth about $185,000. Institutional investors and hedge funds 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.