Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman Sells 9,170 Shares

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 9,170 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $9.06, for a total value of $83,080.20. Following the completion of the transaction, the director now owns 4,102,715 shares of the company’s stock, valued at approximately $37,170,597.90. This represents a 0.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Hagerty Price Performance

NYSE HGTY traded down $0.00 on Tuesday, reaching $9.04. The company’s stock had a trading volume of 80,105 shares, compared to its average volume of 81,478. The firm has a market cap of $3.08 billion, a PE ratio of 82.16 and a beta of 0.84. Hagerty, Inc. has a 52 week low of $8.30 and a 52 week high of $12.35. The business has a 50-day moving average price of $9.73 and a 200 day moving average price of $10.34. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23.

Analyst Ratings Changes

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

Institutional Trading of Hagerty

Institutional investors have recently made changes to their positions in the business. KLP Kapitalforvaltning AS acquired a new position in shares of Hagerty during the 4th quarter worth approximately $31,000. Ancora Advisors LLC acquired a new position in Hagerty in the fourth quarter valued at approximately $46,000. R Squared Ltd acquired a new stake in Hagerty in the fourth quarter valued at approximately $51,000. FMR LLC boosted its stake in Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after purchasing an additional 6,700 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Hagerty during the fourth quarter worth about $84,000. Institutional investors own 20.51% of the company’s stock.

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.