Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 3,541 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,541 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $10.09, for a total value of $35,728.69. Following the completion of the transaction, the director now owns 4,303,181 shares of the company’s stock, valued at $43,419,096.29. The trade was a 0.08 % 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 the SEC website.

Hagerty Stock Up 3.2 %

NYSE HGTY opened at $10.31 on Friday. 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 company has a market capitalization of $3.52 billion, a P/E ratio of 93.73 and a beta of 0.85. Hagerty, Inc. has a one year low of $8.12 and a one year high of $12.35. The stock has a 50 day moving average price of $10.05 and a 200-day moving average price of $10.71.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Neuberger Berman Group LLC boosted its position in shares of Hagerty by 11.4% during the 4th quarter. Neuberger Berman Group LLC now owns 4,725,196 shares of the company’s stock valued at $45,598,000 after acquiring an additional 483,324 shares during the last quarter. Markel Group Inc. boosted its position in shares of Hagerty by 3.6% during the 4th quarter. Markel Group Inc. now owns 3,108,000 shares of the company’s stock valued at $29,992,000 after acquiring an additional 108,000 shares during the last quarter. Pembroke Management LTD bought a new position in shares of Hagerty during the 4th quarter valued at approximately $9,201,000. Lincoln Capital LLC boosted its position in shares of Hagerty by 6.7% during the 4th quarter. Lincoln Capital LLC now owns 494,495 shares of the company’s stock valued at $4,772,000 after acquiring an additional 31,068 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Hagerty by 21.6% during the 4th quarter. Renaissance Technologies LLC now owns 193,896 shares of the company’s stock valued at $1,871,000 after acquiring an additional 34,500 shares during the last quarter. 20.51% of the stock is currently owned by institutional investors.

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.