Insider Selling: Hagerty, Inc. (NYSE:HGTY) Director Sells $39,420.81 in Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 3,861 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $10.21, for a total transaction of $39,420.81. Following the transaction, the director now directly owns 4,312,192 shares of the company’s stock, valued at approximately $44,027,480.32. This trade represents a 0.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hagerty Trading Down 1.0 %

Shares of NYSE HGTY opened at $10.01 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $3.41 billion, a PE ratio of 91.00 and a beta of 0.85. Hagerty, Inc. has a twelve month low of $8.11 and a twelve month high of $12.35. The stock has a fifty day simple moving average of $10.07 and a 200-day simple moving average of $10.71.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Hagerty

Several institutional investors have recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Hagerty during the fourth quarter worth about $31,000. R Squared Ltd purchased a new stake in Hagerty during the 4th quarter worth approximately $51,000. FMR LLC lifted its holdings in Hagerty by 25,769.2% during the 3rd quarter. FMR LLC now owns 6,726 shares of the company’s stock worth $68,000 after buying an additional 6,700 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Hagerty by 35.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,325 shares of the company’s stock worth $100,000 after buying an additional 2,726 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in 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 buying an additional 6,758 shares during the period. 20.51% of the stock is owned by institutional investors and hedge funds.

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.