Hagerty, Inc. (NYSE:HGTY) Director Sells $59,032.26 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 6,111 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $9.66, for a total transaction of $59,032.26. Following the completion of the sale, the director now directly owns 4,417,368 shares in the company, valued at $42,671,774.88. This represents a 0.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Hagerty Stock Performance

Shares of NYSE:HGTY opened at $9.55 on Thursday. The business has a 50-day moving average of $10.87 and a two-hundred day moving average of $10.90. The firm has a market capitalization of $3.26 billion, a PE ratio of 86.82 and a beta of 0.86. 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 12 month low of $7.68 and a 12 month high of $12.35.

Institutional Trading of Hagerty

A number of institutional investors have recently modified their holdings of the company. FMR LLC lifted its position in Hagerty by 25,769.2% during the third quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after buying an additional 6,700 shares in the last quarter. Algert Global LLC acquired a new stake in shares of Hagerty in the second quarter worth $108,000. Blue Trust Inc. raised its stake 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 acquired a new position in shares of Hagerty during the 2nd quarter valued at $139,000. Finally, PDT Partners LLC purchased a new stake in Hagerty during the 3rd quarter worth $185,000. Hedge funds and other institutional investors own 20.51% of the company’s stock.

Analysts Set New Price Targets

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

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.