Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells 3,878 Shares of Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,878 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $9.57, for a total value of $37,112.46. Following the completion of the transaction, the director now owns 4,442,459 shares in the company, valued at approximately $42,514,332.63. The trade was a 0.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hagerty Price Performance

Shares of HGTY opened at $9.65 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. Hagerty, Inc. has a 1-year low of $7.68 and a 1-year high of $12.35. The stock has a market cap of $3.29 billion, a PE ratio of 87.73 and a beta of 0.80. The firm has a fifty day moving average price of $10.96 and a 200 day moving average price of $10.92.

Institutional Trading of Hagerty

Several institutional investors and hedge funds have recently made changes to their positions in HGTY. FMR LLC increased its position in Hagerty by 25,769.2% during the third quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after buying an additional 6,700 shares during the period. Algert Global LLC purchased a new position in shares of Hagerty during the second quarter worth approximately $108,000. Blue Trust Inc. increased its holdings in shares of Hagerty by 178.6% in the 3rd quarter. Blue Trust Inc. now owns 10,542 shares of the company’s stock valued at $110,000 after acquiring an additional 6,758 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Hagerty in the 2nd quarter valued at $139,000. Finally, PDT Partners LLC acquired a new stake in Hagerty during the 3rd quarter worth $185,000. 20.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Raymond James lowered 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.