Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells $111,895.98 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 11,046 shares of Hagerty stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $10.13, for a total value of $111,895.98. Following the transaction, the director now owns 4,454,010 shares of the company’s stock, valued at approximately $45,119,121.30. This represents a 0.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Hagerty Price Performance

Shares of NYSE HGTY opened at $10.11 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 firm’s 50 day simple moving average is $11.04 and its 200-day simple moving average is $10.93. Hagerty, Inc. has a 12 month low of $7.68 and a 12 month high of $12.35. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 91.91 and a beta of 0.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of 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 acquiring an additional 76,740 shares during the period. 17 Capital Partners LLC grew its holdings in Hagerty by 10.0% in the third quarter. 17 Capital Partners LLC now owns 55,000 shares of the company’s stock valued at $559,000 after purchasing an additional 5,000 shares during the period. Barclays PLC increased its position 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 buying an additional 5,932 shares in the last quarter. Meixler Investment Management Ltd. raised its stake in shares of Hagerty by 9.7% during the 3rd quarter. Meixler Investment Management Ltd. now owns 27,455 shares of the company’s stock worth $279,000 after buying an additional 2,430 shares during the period. Finally, Caz Investments LP lifted its position in shares of Hagerty by 66.7% during the 3rd quarter. Caz Investments LP now owns 25,000 shares of the company’s stock valued at $258,000 after buying an additional 10,000 shares in the last quarter. 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.