Hagerty, Inc. (NYSE:HGTY) Director Sells $32,859.27 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,231 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $10.17, for a total value of $32,859.27. Following the transaction, the director now directly owns 4,308,961 shares in the company, valued at approximately $43,822,133.37. This represents a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Hagerty Price Performance

Hagerty stock opened at $10.01 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 91.00 and a beta of 0.85. The firm has a 50-day moving average of $10.07 and a two-hundred day moving average of $10.71. Hagerty, Inc. has a 1 year low of $8.11 and a 1 year high of $12.35.

Analyst Ratings Changes

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

Institutional Trading of Hagerty

A number of large investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in Hagerty by 376.1% during 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 in the last quarter. Lincoln Capital LLC increased its stake in shares of Hagerty by 6.7% during the fourth quarter. Lincoln Capital LLC now owns 494,495 shares of the company’s stock valued at $4,772,000 after buying an additional 31,068 shares during the period. Barclays PLC raised its holdings in shares of Hagerty by 23.0% in 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 stake 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 acquiring an additional 6,700 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new stake in Hagerty in the second quarter worth about $139,000. Hedge funds and other 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.