Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells 2,117 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 2,117 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $10.07, for a total value of $21,318.19. Following the completion of the sale, the director now owns 4,280,673 shares of the company’s stock, valued at $43,106,377.11. The trade was a 0.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hagerty Trading Up 1.0 %

Shares of NYSE HGTY traded up $0.10 during trading hours on Monday, hitting $10.09. The company’s stock had a trading volume of 21,698 shares, compared to its average volume of 45,920. Hagerty, Inc. has a 12 month low of $8.27 and a 12 month high of $12.35. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 91.73 and a beta of 0.85. 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 business has a 50-day simple moving average of $9.92 and a 200-day simple moving average of $10.67.

Institutional Investors Weigh In On Hagerty

Several institutional investors and hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Hagerty by 7.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 64,205 shares of the company’s stock valued at $620,000 after buying an additional 4,575 shares during the period. BNP Paribas Financial Markets bought a new stake in Hagerty in the fourth quarter valued at $84,000. Ancora Advisors LLC purchased a new position in Hagerty during the 4th quarter valued at $46,000. Jane Street Group LLC bought a new position in Hagerty in the 4th quarter worth $230,000. Finally, PDT Partners LLC raised its holdings in Hagerty by 47.9% in the 4th quarter. PDT Partners LLC now owns 26,864 shares of the company’s stock worth $259,000 after purchasing an additional 8,699 shares in the last quarter. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.