Hagerty (NYSE:HGTY – Free Report) had its price objective hoisted by Truist Financial from $10.00 to $11.00 in a research report sent to investors on Thursday, Benzinga reports. The brokerage currently has a hold rating on the stock.
Separately, JPMorgan Chase & Co. increased their price objective on shares of Hagerty from $9.50 to $11.00 and gave the stock a neutral rating in a report on Thursday, July 11th.
View Our Latest Stock Analysis on Hagerty
Hagerty Price Performance
Insiders Place Their Bets
In other Hagerty news, Director Robert I. Kauffman sold 2,941 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $9.07, for a total transaction of $26,674.87. Following the sale, the director now owns 3,391,825 shares of the company’s stock, valued at approximately $30,763,852.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Robert I. Kauffman sold 2,941 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $9.07, for a total value of $26,674.87. Following the transaction, the director now owns 3,391,825 shares of the company’s stock, valued at approximately $30,763,852.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert I. Kauffman sold 9,585 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $11.25, for a total transaction of $107,831.25. Following the completion of the transaction, the director now directly owns 5,454,558 shares in the company, valued at approximately $61,363,777.50. The disclosure for this sale can be found here. Insiders have sold a total of 326,005 shares of company stock valued at $3,407,854 in the last 90 days. 17.90% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Confluence Investment Management LLC acquired a new stake in shares of Hagerty in the 1st quarter valued at approximately $3,473,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Hagerty in the 4th quarter valued at approximately $132,000. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of Hagerty by 34.7% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 103,300 shares of the company’s stock valued at $806,000 after acquiring an additional 26,600 shares during the period. Dimensional Fund Advisors LP acquired a new stake in shares of Hagerty in the 2nd quarter valued at approximately $139,000. Finally, Blue Trust Inc. acquired a new stake in shares of Hagerty in the 2nd quarter valued at approximately $39,000. 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.
Further Reading
- Five stocks we like better than Hagerty
- Energy and Oil Stocks Explained
- Why Wall Street Analysts Raised Price Targets for Suncor Stock
- Bank Stocks – Best Bank Stocks to Invest In
- Is Super Micro Computer a Buy After Shares Sink 20% on Earnings?
- Most Volatile Stocks, What Investors Need to Know
- Cassava Sciences: A Hot Stock to Trade, Invest, or Avoid?
Receive News & Ratings for Hagerty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hagerty and related companies with MarketBeat.com's FREE daily email newsletter.